The US dollar’s rate in the Iranian market witnessed a significant drop of 20,000 rials on Tuesday, to continue its declining trend for the second consecutive day.
Dollar rate falls significantly on second day of downward trend
Iranian President Hassan Rouhani stressed the need to boost the export of non-oil products as a strategy to strengthen the economy, saying trade ties with neighboring countries is a main priority of his administration.
President Rouhani urges boost to non-oil exports
Iran expects to bring online its first geothermal power plant before the end of the current Persian year in March 2021, a Ministry of Energy director said.
First geothermal power plant in Iran to steam out of inactive volcano
Iranian steelmakers exported 1,041,000 tons of steel ingots (billet, bloom and slab) during the first three months of the current Iranian year (March 20 to June 20), according to data by the Iranian Steel Producers Association (ISPA).
Iran Q1 steel exports over 1m tons: ISPA
Almost one million public-sector workers in Britain are to be given above-inflation pay rises, the government said on Tuesday, to reflect their work during the COVID-19 pandemic.
UK public sector workers on coronavirus frontline to get pay rises
Economic activity in the Persian Gulf will contract sharply this year before recovering in 2021, hit by the double shock of the coronavirus pandemic and an oil price crash, a quarterly Reuters poll showed on Tuesday.
Persian Gulf Arab states’ economies seen shrinking sharply in 2020, to pick up in 2021: Poll
A crisis can stretch for weeks, months, even years, but its arc can be shaped by a few crucial moments in which political leaders choose a course of action. For a US economy still reeling from the devastation of the novel coronavirus, one such moment is approaching.
At least $1 trillion needed to avert US disaster, economists say
Mashhad-Qatar flights were resumed after a four-month suspension due to the coronavirus pandemic, Director-General of Khorasan Razavi Province Airports Company Mahmoud Amani said on Monday.
Mashhad-Qatar flights resume operation
Iran exported 37,645 kg of saffron worth $38.5 million to over 50 countries during the first three months of the current Iranian year (March 20-June 20).
Iran’s Q1 saffron export over 37.5 tons: IRICA spokesman
The Iranian government is offering a wide-ranging package to help protect some of the most dynamic sectors of the economy.
Iran offers support package for innovative firms hit by coronavirus

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