President Hassan Rouhani has inaugurated seven new hospitals across Iran, a sign investment has kept flowing into the country’s health sector despite financial costs imposed on the government because of the spread of the coronavirus.
The Islamic Republic of Iran Shipping Line Group (IRISL) says revenues of the company topped $778 million in the year ending June 21 despite a series of harsh US sanctions seeking to choke off the country’s trade.
The Central Bank of Iran (CBI) says COVID-19, the disease caused by the coronavirus pandemic, was to blame for a 0.6-percent contraction in the country’s gross domestic product (GDP) without oil in the fiscal year quarter ending June 20.
A new wave of devaluation for Iran’s rial seems to have come to an end as the Central Bank of Iran (CBI) resumes rationing the US dollar while it dismantles price restrictions in two government-run exchange markets.
Iran’s largest car manufacturer the Iran Khodro Company (IKCO) says its output increased by 45 percent in nearly six months since the start of the current calendar year in March.
The Iranian government says it will put aside one percent of the country’s sovereign wealth fund to stabilize the stock market which has fallen for consecutive sessions in recent weeks.
Iran has seen its output of petrochemical products increase on a yearly basis despite forecasts predicting that the sector would experience a major slump after the spread of the coronavirus in the country and in major export markets.
Iran’s largest car manufacturer the IKCO is launching a new version of its popular French model Peugeot 207 with a panoramic sunroof.
Iranian government authorities say the spread of the coronavirus pandemic and restrictions imposed to contain the virus have caused a major boom in electronic commerce in the country. The sector had grown by 236 percent since the infection began to spread in Iran in late February.
Two departments from Iran’s Ministry of Energy have signed a contract for guaranteed purchase of electricity from the country’s largest biogas plant located south of the capital Tehran.