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....

Iran Adopts Single-Price System for Foreign Currency Trading

Iran's Gold and Currency Exchange Center announced a single price for foreign currency trading, marking a significant change for the financial sector. Consequently, all...

Iran’s Steel Exports Rise 27% in Nine Months

Iran’s steel exports surged 27% in revenue, generating over $6 billion in nine months. Steel exports have become a key driver for Iran as...

Natural Gas Surges in Iran with Record Processing Levels

Iran achieves a new milestone in natural gas production, reaching record daily processing levels. The National Iranian Gas Company reported increased natural gas deliveries...

Pezeshkian Promises to Permanently End Rent-Seeking and Corruption in Foreign Exchange Distribution

Iranian President Masoud Pezeshkian promised to permanently end rent-seeking and corruption in foreign exchange distribution. The announcement signals a decisive move to reform currency...

Iran Announces Sweeping Tax Reforms to Boost Economy

Iran has launched major tax reforms affecting nearly all commercial goods nationwide. These tax reforms aim to support businesses and ease financial pressures on...

Iran China Trade Faces U.S. Tariff Pressure

Iran China trade is under scrutiny after the United States announced a 25 percent tariff on countries doing business with Iran. Iranian and Chinese...