Export Guarantee Fund of Iran increases capital by $200m
Export Guarantee Fund of Iran (EGFI) has increased its capital by $200 million, IRNA reported on Sunday, quoting the head of the fund. According to Afrouz Bahrami, after the mentioned ...
Crashing Oil Demand Drives a 17 mbpd Global Output Cut in Q2
Consulting firm IHS Markit expects oil demand in the second quarter of 2020 to be 22 million barrels per day less than a year ago. This collapse in demand combined ...
Mouteh, Zarshouran Gold Output Hit 1,139 Kg
Mouteh and Zarshouran gold mines produced a total of 1,139 kilograms of gold ingots in the last Iranian year that ended on March 19, 2020. According to Omid Emami, an ...
Iran purchases Iraqi goods in exchange for exporting electricity, Officials
The spokesman of the Petroleum Products Exporters Union, Seyyed Hamid Hosseini announced that Iran purchases Iraqi goods in exchange for exporting electricity to Iraq. Seyyed Hamid Hosseini Speaking to ILNA ...
Oil set for a second weekly gain on demand hopes, output shut-ins
Oil prices rose about 2 per cent on Friday and were on course for a second consecutive week of gains as US producers rapidly shut crude production and more states ...
Qajar-era mansion to be turned into traditional residence
Hajian mansion in north-central Semnan province is being repurposed into a traditional residence after being fully restored. The mansion, which dates back to the Qajar era (1789–1925), has been inscribed ...
Let’s share our love of Iran: painter Iran Darrudi
Iranian surrealist painter Iran Darrudi has asked her countrymen to share their love of their homeland. Speaking to the Iran-France Friendship Association in an online interview on last Wednesday, the ...
Copper projects worth over $950m inaugurated
Four development projects worth 40 trillion rials (about $952.3 million) were inaugurated in the copper sector of Kerman Province in the southeast of Iran on Thursday, Shata news reported. As ...
Transport Fallout from COVID-19 Estimated at $495 Million
Iran’s transportation sector has sustained an estimated loss of 80,000 billion rials ($495 million) following the outbreak of coronavirus, an official with the Ministry of Roads and Urban Development said. ...
Pandemic pushes some Iraqis, broken by conflict, into poverty
When shops and homes shutter at curfew, some Iraqis in this Baghdad district say it reminds them of past traumas that destroyed lives and livelihoods: sectarian death squads, foreign invasion, ...






