Loss
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Coronavirus Inflicts Over $180m in Losses on Hotels
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.
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Culture, Art Sector’s Losses Over COVID-19 Estimated at $60m
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…
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Iranian Airlines' Losses Cross $180m
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.
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Iran’s Economy Incurs Heavy Losses From Natural Disasters
EghtesadOnline: Floods have inflicted losses worth nearly 90 trillion rials [$690 million] on Iran’s economy in the fiscal 2019-20.
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Tehran Stocks Pare Recent Losses
EghtesadOnline: Tehran stocks made a U-turn at the start of trade on Saturday after sharp losses last week.
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Medical Insurance Needs to Change Tack
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.
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Shadow Banks Inflicted $2.8 Billion Loss on Gov’t
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,…
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Frost Inflicts Losses Worth $100m on Tehran Agriculture
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…