Iran: Business News

Official: Seven ships carrying basic goods dock at southeastern Iranian port

Seven ships carrying basic goods and commodities arrived in Shahid Beheshti port of Chabahar in southeastern Iran and unloaded their cargoes simultaneously, said the director general of Ports and Maritime Organization of Sistan and Baluchestan Province on Saturday. General Behrouz Aqaei put the weight of cargoes discharged in the port at 340,000 tons, saying they…

Europe needs at least €500b from EU institutions for recovery: ESM

Europe will need at least another €500-billion from European Union institutions to finance its economic recovery after the coronavirus pandemic, on top of the agreed half-a-trillion package, the head of the eurozone bailout fund said. In an interview with Italy’s Corriere della Sera paper, published on Sunday, European Stability Mechanism Managing Director Klaus Regling said…