Energy Economy

Islamic Republic of Iran is a leading country in the field of producing and exporting steel in the Middle East region. With more than half a century experience, Iran’s steel industry is leader in the Middle East region among rivals in terms of steel production and exports. It is expected …

While Expo 2020 Dubai has been postponed one year due to the coronavirus pandemic, some experts believe that the postponement will have a big impact on the UAE economy and derails at least temporarily a range of tech projects.

Islamic Republic of Iran is a leading country in the field of producing and exporting steel in the Middle East region. With more than half a century experience, Iran’s steel industry is leader in the Middle East region among rivals in terms of steel production and exports. It is expected …

As the capacity of steel sections production plants in the country until the current Iranian calendar year was predicted to reach 45 million tons, production capacity of steel sections has currently exceeded 47 million tons at large, the Ministry of Industry, Mine and Trade reported.

Iran’s volume of trade exchanged with the Arab countries of the Persian Gulf littoral states in the last Iranian calendar year [ended March 20, 2020] stood at $22 billion.

The Director of Refinery No. 7 of South Pars Gas Complex said on Tue. that phases 17 and 18 of the Complex have increased butane production capacity up by 100 percent.

It is becoming increasingly clear that the ongoing oil demand destruction, COVID-19 lockdowns and financial crisis are going to significantly impact Saudi Arabia. In a dramatic appearance, Saudi Minister of Finance, Mohammed Al Jadaan, stated that the Kingdom is going to take any measures necessary to counter the effects of …

Russia’s Deputy Foreign Minister Alexander Pankin on Monday lashed out at US’s attempt for obstructing a loan by the International Monetary Fund (IMF) to the Islamic Republic of Iran and Syria amid the pandemic.

Iranian Minister of Industry, Mine and Trade Reza Rahmani said that export of non-oil commodities is the driving force of economy of the country in the current year [started March 21, 2020].

Australia appears to have succeeded in flattening the coronavirus curve, but such an optimistic health outcome won’t prevent the economy from experiencing a deep downturn.