Financial Tribune

2.8 million businesses in Iran hit hard by pandemic: Official

The coronavirus has hit hard at an estimated 2.8 million businesses and six million jobs in Iran, according to the director general of Policymaking and Job Department of the Ministry of Cooperatives, Labor and Social Welfare.

Society Economy

Iran’s import ban list reaches 2,400 items

The Iranian government has added 800 items to the list of banned imports since last fiscal year (started March 21, 2019), which bring the total number of banned imported commodities to 2,400.

Trade

Iran presidential election set for 18 June 2021

Iran will hold its 2021 presidential election on June 18, the Interior Ministry announced on Monday, as incumbent President Hassan Rouhani’s two four-year terms in office come to an end.

Society Economy

Milak crossing reopened at Iran-Afghanistan border

A number of trucks entered Milak border crossing into Iran to mark its reopening after repeated opening and closing last week, according to Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi.

Trade

Iran eyes expansion of KTAI exchanges

The KTAI corridor, which has recently been launched following the first successful TIR pilot operation from Shahid Rajaee Port in the southern Hormozgan Province to Kyrgyzstan, offers a shorter route from Iran to Central Asia.

Transportation

Iran banana imports stand at $113 million in four months

A total of 173,062 tons of bananas worth $113.68 million were imported into Iran during the first four months of the current Iranian year (March 20-July 21).

Trade

KOHTA to handle South Korea-Iran humanitarian trade: Envoy

Ambassador of the Republic of Korea to Tehran Ryu Jeong-hyun has explained the mechanisms established by Seoul for conducting humanitarian trade with Iran amid the United States’ sanctions. KOHTA which stands for the Korean Humanitarian Trade Arrangement is going to replace the pilot mechanism which is called the GL8.

Trade

Small enterprises account for 52% of Iran’s industrial units

Small businesses account for 52% of the total number of industrial units and 45% of industrial jobs in Iran.

Mine and Industry

Iran’s non-oil foreign trade tops $19 billion in four months

Iran’s non-oil foreign trade stood at $19.63 billion during the four months to July 21, of which exports accounted for $8.71 billion and imports constituted $10.92 billion.

Trade

Iran-Afghanistan rail link to be launched in months

Khaf-Herat railroad project is scheduled to be launched this autumn (Sept. 22-Dec. 20), says the deputy head of Construction and Development of Transportation Infrastructure Company, affiliated with the Ministry of Roads and Urban Development.

Transportation