The West Bakr Wind project will have a capacity of 252MW and is expected to produce enough renewable electricity to power around 350.000 homes.

The project in the Netherlands will have a total capacity of 60MW. enough to deliver renewable energy to around 40.000 households.

Gibraltar on Tuesday said it plans to de-escalate tensions with Iran over the seizure of Grace 1 supertanker. reinvigorating hopeful speculations that it might release the large vessel soon.

Markets have been pummeled in recent weeks amid tough talk from Trump on trade.

New statistics show that Iran has exported about 20% more steel this year. while it has cut down its imports of the item by 208%.

A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.

Deputy Head of Iran'.s Ports and Maritime Organization (PMO) for Maritime Affairs Jalil Eslami announced on Tuesday that the Iranian oil tanker which was seized by the British forces in the Strait of Gibraltar will be freed in the near future.

Iranian First Vice-President Eshaq Jahangiri. in a meeting with Kazakhstan’s Prime Minister Askar Mamin. said that his country is willing to broaden bilateral relations with the Central Asian country in areas of banking. tourism. and finance.

German exports to Iran fell by nearly half in the first six months of 2019. data showed on Monday. suggesting companies are scaling back business ties with Tehran to avoid trouble with the United States after Washington reimposed sanctions.

Deputy Minister of Industry and Chief Executive of Industrial Development and Renovation Organization of Iran (IDRO)said that Islamic Republic of Iran is poised to strengthen exchanges with the Caspian Sea littoral states in various trade and production.