Iran’s supreme leader on Monday approved withdrawal of EUR 1 billion from the country’s sovereign wealth fund to support a healthcare system overstretched by a major coronavirus outbreak.
President of the Association of European Chambers of Commerce and Industry (Eurochambres) says that the European businesses fully support past and current EU efforts to provide humanitarian assistance to Iran and will continue to do so.
The price of the Iranian saffron has stumbled to historical lows of $400-500 per kilogram as the new coronavirus pandemic hits major customers in Europe.
Iran’s Roads Maintenance and Transport Organization has announced that 26 trucks and their Iranian drivers are en route to home after being stranded at the borders of Italy, Romania, Bulgaria and Turkey.
The Central Bank of Iran (CBI) says it is ready for massive liquidity injections into the banking system as part of efforts to help government shore up the economy.
Iran’s national flag carrier, Iran Air, has suspended all flights to German cities of Frankfurt, Hamburg and Koln as authorities are struggling to curb surging cases of a new coronavirus pandemic.
A week after the first Iranian coronavirus test kit was unveiled by a private firm, a biomedicine company affiliated with the Iranian Defense Ministry has provided another test kit which is able to determine the disease in three hours.
Iranian airlines have cancelled nearly 90 percent of their flights planned for a holiday season after the novel coronavirus pandemic caused many travelers to stay at home.
President Hassan Rouhani announced that his government has allocated 20 percent of its budget for the new Persian year of 1399 to countering the new coronavirus pandemic.
Iranian President Hassan Rouhani wants to tap the country’s sovereign wealth fund for $1 billion to support a healthcare system overstretched by a major coronavirus outbreak, the state-run Islamic Republic News Agency reported.