Iran says it has purchased more than 1.5 million mt of wheat from farmers since April.

The improvement comes in the face of the most stringent sanctions which have hit ordinary Iranians hard, sending prices soaring on everything from staples and consumer goods to housing.

Iran allows businesses to resume imports of consumer durables that have domestic rivals.

Iranian automotive companies churned out a total of 56,191 passenger cars in month to late April.

From ancient times, Iranians had to effectively adapt to the climatic vulnerability, developing some advanced water management systems, the most prominent of which is the underground canal or qanat.

Iran’s foreign trade reached $5.798 billion in the calendar month to late April.

Iran says it has allocated some $4.515 billion worth of subsidized currency to imports since March 21.

Iran’s central bank says it will set higher capital requirements for banks in the country.

Iranian airports experienced a record growth in passenger traffic in the calendar year to late March.

Conference focusing on trade potentials between Iran and India explores the growing chances for bilateral commercial ties between the countries.