Iran’s Defense Ministry unveils rapid test kits for novel coronavirus

A biomedicine company affiliated with the Iranian Defense Ministry has unveiled homemade rapid tests kits for new coronavirus as the country moves to contain an outbreak that has affected tens of thousands of people.

A military commander supervising the development …

Iran making progress in search of new funds to fight coronavirus: Chief banker

Iran’s chief banker says efforts for accessing new sources of hard currency to fight the new coronavirus pandemic have borne fruit.

Abdolnasser Hemmati, the governor of the Central Bank of Iran (CBI), said on Friday that the government had made progress …

Iran opens sluices at dams in 12 provinces in anticipation of floods

Water is being released from reservoirs behind largest hydroelectric projects across Iran as authorities prepare for severe floods in the early spring.

A senior official at Iran’s Ministry of Energy said on Wednesday that authorities had decided to open sluice …

Iran modernizing domestic feed industry amid US sanctions

Besides modernizing the feed industry, Iran has set its sights on exporting large quantities of feed across the Middle East. Ambitious goals needed to be achieved in the context of tough US sanctions and strong dependence on imports of feedstuffs, …

Iran posts trade deficit of $1.5bn for 11-months ending late February

Iran’s trade balance has slipped into a deficit of $1.5 billion in the 11-month period ending late February as imports surge by more than two percent.

Customs data released on Monday showed that exports declined 4.48 percent year on year …

Iran copper cathode output stable y/y in February: Report

Refined copper cathode production by major Iranian smelters was stable in the 11-month period ending February 19 despite a series of American sanctions targeting Iran’s trade of metals.

The official IRNA news agency said in a report on Sunday that …