The Iranian government ordered a substantial reduction in tariffs imposed on imports of rice amid price hikes in the local market that came following a decision earlier this month to stop subsidizing rice imports.
Six new solar plants will come online in Fars Province in southern Iran on Thursday, marking another watershed in the country’s path to a decarbonized energy system and expanding its renewable portfolio.
Saudis braced Wednesday for a tripling in value-added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom's worst economic decline in decades.
Domestic Economy Desk
Statistics on Iran’s exports of a selected number of products during the first three months of the current Iranian year (March 20-June 20) reflect a growing trend, indicating that the country’s trade is returning to pre-coronavirus levels.