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Loss

  • EghtesadOnline: The new coronavirus disease, also known as COVID-19, has inflicted 30 trillion rials ($187 million) in losses on hotels, the Iranian Hoteliers Association estimates.

  • EghtesadOnline: In separate letters to First Vice President Es’haq Jahangiri, the head of Plan and Budget Organization, Mohammad Baqer Nobakht, President’s Chief of Staff Mahmoud Vaezi and Vice President for Economic Affairs Mohammad Nahavandian and Minister of Culture and Islamic Guidance Abbas Salehi has called for financial support to the arts and cultural sector amid the losses caused by the new coronavirus.

  • EghtesadOnline: Iranian airlines are estimated to have sustained 30,000 billion rials ($187 million) in losses by April 3, as coronavirus has halted flights within the country and abroad.

  • EghtesadOnline: Floods have inflicted losses worth nearly 90 trillion rials [$690 million] on Iran’s economy in the fiscal 2019-20.

  • EghtesadOnline: Tehran stocks made a U-turn at the start of trade on Saturday after sharp losses last week.

  • EghtesadOnline: Unprofessional approach of insurers in underwriting medical insurance policy categories could inflict considerable loss on the insurance industry's performance in the coming years.

  • EghtesadOnline: The government paid 360 trillion rials ($2.8 billion) to compensate losses incurred by the misconduct of shadow banks and unruly lenders in recent years, said Mohammad Baqer Nobakht, the head of Plan and Budget Organization.

  • EghtesadOnline: Frost has inflicted losses amounting to 11 trillion rials ($107 million) on Tehran Province’s agriculture sector during the first eight months of the current Iranian year (March 21-Nov. 21).