Rouhani: Iran Grappling with Economic War
President Hassan Rouhani said on Wednesday that Iran has been grappling with an economic war over the past three years, not just sanctions.
World Bank Asks $12b for Virus Vaccine for Poor Countries
The World Bank said it has asked its board of directors to approve $12 billion to help poor countries purchase and distribute eventual vaccines against COVID-19.
IRICA: China, Top Buyer of Iranian Steel
China was by far the top buyer of Iranian steel in the first five months of the current Iranian year (March 20-August 21).
No Power Can Harm Iran’s Exports, Imports: NITC official
The head of NITC emphasized on Tuesday that no power can harm the country’s exports and imports, noting that free trade is Iran's right.
Chinese Internet Giant Sina Says Planning to Delist US Stocks
Chinese Internet giant Sina Corp. has announced plans to delist its US shares and go private.
Draft Budget Plan Sees Inflation at 22%
The draft budget plan for the next Iranian year (to start March 21, 2021) instructed to the executive bodies has targeted an inflation rate of 22 percent.
Early Repayment of Sukuk Bonds Through Crude Oil Allowed
Iran’s Finance Ministry issued a notice allowing the repayment of sukuk, debt bonds that are compliant with Islamic financial principles, through the use of export crude.
Foreign Trade Exceeded $24b in Five Months: IRICA
The Islamic Republic of Iran Customs Administration (IRICA) said the country’s foreign trade has exceeded $24.6 billion in the first five months of the current year.
Iran, Qatar Discuss Linking Power Grids through Sea
Iranian Energy Minister and Qatari Minister of State for Energy Affairs held an online meeting to discuss linking the two countries’ electricity grids via the sea.
Sugar Beet Production to Jump by March
Iran will produce over five million tons of sugar beet by the end of the current calendar year (March 2021).