Natural Disasters

EghtesadOnline: The governor of the Central Bank of Iran announced in an Instagram post Sunday a plan to create a universal insurance fund to cover losses inflicted by natural disasters.

EghtesadOnline: Farmers who have incurred losses from natural disasters during the Sept. 2017-18 harvest season will enjoy a three-year break in paying back their loans to banks.

EghtesadOnline: Taking into account the fact that Iran is situated in an earthquake-prone zone, officials from the ICT Ministry held a meeting with local mobile service providers, discussing ways to mitigate the devastating effects of natural disasters on communications networks.

EghtesadOnline: Natural disasters such as frost and drought inflict losses of between 120 and 150 trillion rials ($2.8-3.5 billion) to farmers and orchard owners in Iran every year, a board member at Agricultural Insurance Fund said.

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

EghtesadOnline: In the wake of natural disasters that battered Iran over the past few months, the Iranian Red Crescent Society and the Information and Communications Technology Ministry have joined forces to set up mechanisms that can make rescue missions more effective.