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CBI Chief declares improvement in access to financial resources
EconomyGovernor of the Central Bank of Iran (CBI) Abdolnaser Hemmati in an Instagram Post declared improvements in access to CBI’s financial resources abroad, saying over $2.5b has been supplied through central bank and non-oil exporters over the last 50 days.
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Minister: COVID19 did not stop oil production
EconomyIran's Oil Minister Bijan Zangeneh elaborated on Petroleum Ministry’s measures in fighting COVID19, saying the ministry has put on its agenda making persistent efforts to prevent stopping oil production.
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Modaress Khiabani appointed as caretaker of Ministry of Industry, Mines and Trade
EconomyThe President while dismissing Reza Rahmani the former Minister of Industry, Mines, and Trade from office, issued a decree appointing Hussein Modarres Khiabani as the caretaker of that Ministry.
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IranAir to partially resume international flights on May 14
EconomyIran’s flag carrier Homa, known internationally as IranAir, is to partially resume its international flights after a two-month hiatus that came over the new coronavirus pandemic.
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25 ships unloading fundamental goods in Iranian ports
EconomyManaging Director of Ports and Maritime Organization (PMO) of Iran announced on Sunday that 589,000 tons of fundamental goods are being unloaded from 25 ships at different Iranian ports.
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Iran's foreign exchange bank reserves in appropriate condition, CBI governor says
EconomyGovernor of Central Bank of Iran (CBI) Abdolnaser Hemmati on Sunday stated that the most important monetary policy is to curb inflation, said that despite the decrease in oil revenues under the influence of oppressive sanctions and a sharp decline in oil prices, the situation of the country's foreign exchange bank reserves is appropriate and unprecedented in the country's history.
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Iran’s trade exchanges with Azerbaijan, Turkey ‘underway’ amid pandemic
EconomyIranian Minister of Roads and Urban Development Mohammad Eslami said that Iran’s trade exchanges with the two neighboring countries of Turkey and Republic of Azerbaijan are underway amid the coronavirus global pandemic.
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A new licensed bitcoin mining farm is getting set up in Iran
EconomyThe government of Iran is said to have issued a license to Turkey-based iMiner to mine bitcoin in Iran.
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Iran issues license for biggest bitcoin mining farm: MSN website's Report
EconomyInterest in bitcoin mining is finding traction in Iran. iMiner, a cryptocurrency company registered in Turkey, has been granted a license to mine digital coins and offer trading and custody services in Iran, MSN news website reports.
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Iran: IMF should put aside politics
EconomyThe governor of the Central Bank of Iran said on Monday that Head of International Monetary Fund Kristalina Georgieva should put the politics aside and discharge her professional duties. The time to act is now, history will judge us all and that judgment will not be as easy as we might think.
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Iran to loan small, medium businesses to protect national production
EconomyGovernor of Central Bank of Iran announced Monday that the CBI will loan two-third of 750,000 billion rials to small- and medium-sized businesses that are active in production and services areas.
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Energy minister announces 250 water, electricity and wastewater projects
Economy Iran's Energy Minister said on Monday that 250 projects in water, electricity and wastewater sections would become operational with an investment of about 500 trillion rials.