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 Exchange Rates Updated As Central Bank Reports January 7 Figures

Iran exchange rates shifted on January 7 as the central bank published updated official figures. Overall, the release highlighted continued pressure on the rial...

Iran Iraq Trade Hits $6.7 Billion in Eight Months

Iran Iraq trade surged as Iran exported non-oil goods worth $6.719 billion to Iraq. This covered the first eight months of the year, from...

Iran Exchange Rates Shift Lower as CBI Updates December Prices

Iran exchange rates moved lower after the Central Bank of Iran published official prices on December 18. The update signaled a broad decline across...

Iran Currency Rates See Significant Increase on December 17

Iran currency rates rose sharply on December 17, according to the Central Bank of Iran (CBI). The CBI reported increases for 45 major foreign...

Iran Steel Exports Rise 41% in Eight Months

Iran steel exports recorded a sharp increase during the first eight months of the current calendar year. The growth signals stronger foreign demand and...

Iran Tea Exports Grow 48% in First Eight Months

Iran tea exports increased by 48% during the first eight months of the current Iranian calendar year. Officials attribute this growth to strong demand...