TEHRAN- Since starting its job, the new parliament of Iran has announced in different occasions as being ready to confirm comprehensive packages proposed by the private sector to expand economic exchanges during hard times of pandemic, global economic depression and unilateral sanctions.

The parliament has also called on the government, especially the Ministry of Foreign Affairs to strengthen itself in the field of economic diplomacy.

The"...

A new residency law will be introduced that underlines that an expat can acquire a residency visa for up to 5 years and for an expat businessman with a valid project, it is for 10 years.

Among the provisions of the law, a Kuwaiti female citizen must obtain a residency permit for her expat husband and children, provided that none of them work for a governmental or non-governmental entity and under a clause that the Kuwaiti woman did not obtain citizenship"...

T he government has announced that holders of the so-called “Justice Shares” can henceforth trade 60% of their shares. Initially in May it had allowed tradability of only 30%.

Justice Shares are shares of government-owned companies that were given free to the six lowest income deciles almost fifteen years ago. Shareholders were not allowed to sell the shares until last May.

According"...

TEHRAN - Head of Iran’s Planning and Budget Organization (PBO) has said that offering shares of state-owned companies has brought the government 160 trillion rials (over $3.6 billion) in the first four months of the current Iranian calendar year (March 20-July 21).

According to Mohammad-Baqer Nobakht, the mentioned earnings came as the government had foreseen only 119 trillion rials (about $2.83 billion) of capital market revenues for the"...

The Office of the First Deputy Prime Minister (OFDPM) has announced the end of the registration period for the sixth edition of the FDPM Fellowship.

Registration for the sixth edition of the programme took place between 19 July 2020 and 2 August 2020, during which time the programme has attracted a wide variety of talents. All applications will be thoroughly assessed to identify the strongest candidates, who will in turn undergo a rigorous selection"...

TEHRAN – Iranian Deputy Transport and Urban Development Minister said the ministry is going to award the completion, construction, and implementation of five major highway projects across the country to the private sector, IRIB reported.

'To strengthen the presence of the private sector in the implementation of development projects in the country, the ministry will award the private sector some of its important highway development projects"...

Amazon (NASDAQ: AMZN) and We Mean Business, a global nonprofit coalition working with businesses to accelerate the transition to a zero-carbon economy, today announced they have partnered to establish the world’s most comprehensive effort to drive companies to adopt more ambitious carbon emissions reduction goals. The We Mean Business coalition works with over 1,200 companies, with a total market capitalization of more than $24.8 trillion, to drive business action and policy ambition on climate change and increase chances"...

The first WHO enlisted global clinical Phase III trial of Sinopharm CNBG’s inactivated vaccine to combat COVID-19 has started in Abu Dhabi, inspired by the UAE Leadership’s commitment to overcome the pandemic through a global collaborative effort.

H.E. Sheikh Abdullah bin Mohammed Al Hamed, Chairman of the Department of Health, Abu Dhabi, was the first in the world to commence the trial of a Phase III inactivated vaccine for COVID-19"...

Today the Kingdom of Saudi Arabia’s General Authority for Military Industries (GAMI) announced the launch of ‘World Defense Show’. The show will take center stage in the global defense show circuit, offering exhibitors and visitors the opportunity to participate in Saudi Arabia’s first truly integrated defense show.

Founded by GAMI, World Defense Show is focused on interoperability across air, land, sea, security innovative"...