Middle East
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SSO Ordered to Cede Excess Shares in Refah Bank
The Majlis on Tuesday obliged the Social Security Organization to sell part of its shares in its affiliated lender, Refah Bank, so that the shares don’t exceed the ceiling set by the Central Bank of…
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Big Oil Earnings Battered By Virus
ig Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier. Major oil and gas producers from Norway to the US saw profit plunge in the opening three months…
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Iran’s priority in Iraq must be economic cooperation; Expert
A member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICC), Ali Shariati told ILNA on Tuesday that Iran’s priority in ties with Iraq must be the growth in bilateral trade. Speaking to ILNA…
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President Rouhani letter’s to Kuwait’s Emir handed over to Kuwaiti dy FM
President Hassan Rouhani’s letter to Emir of Kuwait Jaber Al-Ahmad Al-Sabah was handed over to Kuwaiti deputy foreign minister by Iran’s ambassador. Mohammad Irani handed in the letter to Khaled al-Jarallah on Sunday. According to…
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19 Navy personnel killed, 15 others injured in accident to Navy frigate
Some 19 Navy personnel have been martyred with some 15 others injured in an accident happened to an Iranian vessel in the course of drills in southern Iran, the Navy said in a statement on…
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World Migratory Bird Day: birds connect our world
World Migratory Bird Day was celebrated worldwide on May 9, under the theme “Birds Connect Our World”. First held in 2006, World Migratory Bird Day is celebrated on two peak days each year (the second…
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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 increase the EGFI’s capital has…
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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 with low oil prices, storage…
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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 official with the Iranian Mines…
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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. Speaking to ILNA economic correspondent on Saturday, the member of the…
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