Volatile Oil Prices Still Poised for Second Monthly Decline
Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising Covid-19 cases in Europe and the United ...
15% increase in non-oil exports on agenda for H2
Head of Iran’s Trade Promotion Organization (TPO) said the government is planning to boost the country’s non-oil exports by 15 percent in the second half of the current Iranian calendar ...
Coronavirus restricted Iran-Sweden economic ties
Iran-Sweden Joint Chamber of Commerce held a meeting on Wednesday in presence of Sweden Ambassador to Tehran and some economic activists. In the meeting, Head of Iran-Sweden Joint Chamber of ...
Iran busts major network involved in bank fraud
Iran’s Intelligence Ministry arrested members of a major network involved in forging bank documents. In a statement on Thursday, the Intelligence Ministry said 15 members of the network were arrested ...
Oil Falls as Covid-19 Infections Spread, Raise Demand Concerns
Oil fell more than 2% on Monday, extending last week’s losses as growing cases of Covid-19 in the United States and Europe raised worries about crude demand, while the prospect ...
Iran’s frozen money stands at $40b; official
Speaking to ILNA news agency, Hossein Selahvarzi refuted allegations on the amount of the frozen money of Iran in the overseas banks and also allegations that exporters have not repatriated ...
Big profits are no longer the top priority for oil investors
For years, the oil industry drew in investors with sizable – and regular – returns. Even when oil prices fell, Big Oil found ways to keep paying dividends, even if ...
IME Witnessed a 70% Growth in its Trading Volume and Value
During weekdays ending up to October 15, 2020, while over 928,524 MT of commodities worth over 401 million USD were traded on the Iran Mercantile Exchange, the trading volume and ...
Investors Not Buying Gov’t Bonds
The weekly government bond auction held by the Central Bank of Iran was again received coldly by investors for the fourth time in a row as no banks and credit ...
Iran: Dollar Falters, Gold Loses Luster
Foreign exchange rates and gold prices declined again on Tuesday following renewed intervention by the Central Bank of Iran. The US dollar lost 12% to fetch 277,000 rials in the ...