Financial Tribune

FAO allocates additional fund to help Iran battle desert locust

The Food and Agriculture Organization of the United Nations has increased its Emergency Technical Cooperation project (TCP) to help battle swarms of the desert locust by an additional $200,000.

Agriculture and Environment

Iran appointed vice chair of IMF’s G-24

The CBI vice governor for economic affairs, Peyman Ghorbani, has been appointed first vice chair of International Monetary Fund’s Group of Twenty-Four (G-24).

Macro Economy

Iran resumes exports to Armenia

Iran has resumed exports, in a limited quantity, to Armenia via Nordooz border crossing since last week.

Trade

Tehran stock market tanks 14,800 points

TSE’s market cap-weighted index, TEDPIX, shed more than 14,800 points on Monday and closed the session 2.7% lower. Equal-weighted index dropped 1.91% to indicate smaller losses in small-cap companies.

Financial Markets

Spring fairs in Iran canceled

All spring fairs across Iran have been cancelled due to the extraordinary situation caused by the spread of the new coronavirus, according to the head of Iran Guilds Chamber.

Society Economy

Iran remains on FATF blacklist

Financial Action Task Force, the global anti-money laundering watchdog on Friday put Iran on its blacklist after Tehran failed to comply with international anti-terrorism funding norms.

Macro Economy

Iranian companies complete 100 power projects overseas

Iranian companies involved in the water and power industries undertook 100 foreign projects in the last decade, overseas project manager in Iran’s Water Resources Management Company (a subsidiary of Iran’s Energy Ministry) said.

Energy

Iran launches new Tehran-Dushanbe-Bishkek flight routes

A flight route from Iranian capital Tehran to Tajikistan’s capital Dushanbe and then to Kyrgyzstan’s capital Bishkek was launched on Monday by Iran’s Varesh Airline, Iran’s Embassy in Tajikistan has announced.

Transportation

Sweden gives Iran Air green light to resume flights

Iran’s flag carrier has been given the green light by Swedish Transport Agency to resume operating flights to two Swedish cities, namely Stockholm and Gothenburg, after a three-week haul.

Transportation

Iran customs starts implementing anti-money laundering regulations

Iran Customs Administration has required all its offices to follow anti-money laundering regulations approved by the government last October.

Trade