Business

Iran Expands Traditional Crafts Sector in Khoy to Boost Nomadic Income and Protect Cultural Heritage

The Nomadic Affairs Department in Khoy has established thirty-nine new handicrafts workshops for local nomadic youth. This major development initiative aims to boost regional economic empowerment while creating long-term...

Iranian Coordination Helps South Korean Tanker Avoid Disruption in Hormuz

A South Korean-flagged very large crude carrier navigated the volatile Strait of Hormuz on Wednesday morning. Consequently, South...

Tehran Stock Exchange Reopens After 80-Day Wartime Shutdown as Market Slides Further

The Tehran stock market partially resumed trading on Tuesday after an 80-day shutdown triggered by military strikes on...

Iranian Food and Drug Administration Warns of Severe Disruptions in Medicine Imports

The Iranian Food and Drug Administration announced severe disruptions regarding the procurement of vital domestic medical resources on...

Iran’s Evaporative Cooler Prices Surge as Families Turn to Repairs and Secondhand Markets

The domestic appliance market in Iran is experiencing an unprecedented surge in evaporative cooler prices as summer approaches....

Hormozgan Exports Surpass Five Million Tons Amid Strong Growth

Hormozgan exports have surged in the first ten months of the current Iranian year. Officials report that more than five million tons of goods...

Iran Allocates Nearly $49 Billion in Foreign Currency to Boost Industry

Iran has provided a large amount of foreign currency to support imports and strengthen the national economy. Since the start of the Iranian year,...

Iran’s Foreign Trade Reaches Over $94 Billion Amid Shifts

Iran’s foreign trade has surpassed $94 billion, marking significant activity in the country’s economy. The foreign trade figures show a complex picture of exports...

Iran Accelerates Renewable Power Capacity Expansion

Iran is pushing to increase its renewable capacity to more than 5,200 megawatts by the end of the Iranian year. Authorities, including the Energy...

Pezeshkian Orders Steps to Speed Up Basic Goods Import

Iran’s President Masoud Pezeshkian has introduced new measures to streamline the import of basic goods. Consequently, supply chains should improve and market pressure decrease....

Rial Exchange Rate Rises in Iran

The rial exchange rate in Iran rose significantly, affecting multiple foreign currencies. The Central Bank of Iran updated official rates, showing increases for nearly...