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 for November 26

Iran Currency Rates moved higher on November 26 as the Central Bank of Iran released fresh exchange data. The new update marked broad gains...

Iran Steel Production Hits 12.7 Million Tons in Seven Months

Iran steel production reached 12.708 million tons during the first seven months of the current Iranian year. This performance highlights the sector’s resilience during...

Seized Iranian Tanker to Be Auctioned by Indonesia

Indonesia will auction the seized Iranian tanker MT Arman 114 and its 1.245 million barrels of crude oil starting December 2. The government will...

Iran Exchange Rates Updated for November 25

Iran exchange rates experienced notable shifts on November 25, with most major currencies increasing in value. The Central Bank of Iran (CBI) released the...

Iran Gateway Boosts Trade Between China and Europe

Iran gateway emerges as a central hub for rail trade between China and Europe. Iran now plays a crucial role in transporting 60 million...

Bilateral Trade Between Iran and Iraq Set to Reach $20 Billion

Iran and Iraq are focusing on boosting bilateral trade to $20 billion within three years. The two countries see strong potential to expand commercial...