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 Conflict Deepens Economic Shock Waves That Push Inflation to Nearly Seven Percent in Worst Case World Bank Warns

Economic shock waves from the U.S.-Israeli conflict with Iran threaten the global economy. World Bank President Ajay Banga gave this warning on Friday. He...

Iran Demands Immediate Release of $11 Billion in Frozen Assets as Non-Negotiable Precondition for Any U.S. Talks in Islamabad

Frozen assets dispute takes center stage in Islamabad this week. Iranian and American negotiators edge closer to formal talks. However, conflicting reports create confusion....

Iran Requires Bitcoin Payments from Tankers Transiting the Strait of Hormuz

Iran has announced that it will require all tanker ships passing through the Strait of Hormuz to pay tolls using Bitcoin. This decision comes...

Iran-U.S. Conditional Truce Causes Oil Prices Fall and Eases Global Energy Concerns

Oil prices fall sharply following the announcement of a conditional truce between Iran and the United States. The deal includes a two-week halt in...

Iran’s Minister of Economy Ali Madanizadeh Says Recovery Plan is Underway to Restore Damages and Aid Citizens

Iran launched its economic recovery plan this week to assist citizens affected by recent conflicts. The initiative focuses on providing financial support, essential goods,...

Iranian Families Face Economic Pressures Amid Rising Regional Tensions

Iranian citizens report rising anxiety as international tensions increase, and economic pressures continue to mount. Consequently, many families fear for both their children and...