AP | NASSER KARIMI: Iran allowed some businesses in the capital and nearby towns to re-open Saturday after weeks of lockdown aimed at containing the worst coronavirus outbreak in the Middle East. Iran was slow to respond to the pandemic and held off on imposing widespread restrictions even after other countries in the region with far fewer cases ...

Tasnim Iranian President Hassan Rouhani earmarked 750 trillion rials in financial aid for the businesses keeping their employees amid the outbreak of the coronavirus. In a decree on Friday, Rouhani ordered Minister of Cooperative, Labor, and Welfare Mohammad Shariatmadari to allocate a sum of 750,000 billion rials in credit to the enterprises and ...

Press TV - The Central Bank of Iran (CBI) has approved emergency funding worth nearly $5 billion to offer cheap loans to businesses hit by the new coronavirus pandemic. CBI governor Abdolnasser Hemmati said on Thursday that major lenders in the country would start giving the loans in the earliest time possible. The loans will be offered at a ...

Financial Tribune - The Central Bank of Iran has released a list of businesses that have been directly affected by the outbreak of the novel coronavirus, COVID-19. These businesses can apply to receive support and facilities from banks. The list includes food preparation and distribution centers, including restaurants, teahouses and other ...

Financial Tribune - The last month of the Iranian year has always represented growth in business activity, but the absence of such a growth this year has aggravated recession T he recent outbreak of coronavirus (COVID-19) has taken a heavy toll on a wide range of Iranian businesses. From restaurants, catering services and cafs to travel agencies,...

Financial Tribune - The Ministry of Cooperatives, Labor and Social Welfare identified 1,281 economic enterprises by the end of the second quarter of the current Iranian year (Sept. 22) with an array of problems ranging from mismanagement to low productivity to lack of working capital. The number shows an increase compared to 1,262 enterprises identified ...

Financial Tribune - The Majlis Research Center, the research arm of the parliament, has published the results of three meetings with representatives from the private sector and business owners in the country. The report covers major hurdles from the perspective of businesses. Apart from the detrimental effects of US sanctions on key sectors of the ...

Financial Tribune - Europe unveiled its long-awaited mechanism for facilitating trade with Iran by circumventing US global financial dominance on Thursday and the move received a mixed response in Tehrans commercial corridors. Businesses, who are the ultimate beneficiaries of INSTEX, mostly say they have to wait for the mechanism to become operational ...