Energy Economy

Exports of Iranian steel ingot had a 42 percent growth for 11 months of the past Iranian year (ended on March 19. 2020), compared to the same period the year before.

In the current situation that the country is grappling with the novel coronavirus, also known as COVID-19, the government should establish health protocols with neighboring countries in order to spur export.

Secretary of Iranian Free Zones High Council Morteza Bank and Syrian Envoy in Iran Adnan Mahmoud discussed ways to promote joint investments through setting up joint industrial and commercial free zones.

The International Monetary Fund (IMF) announced that assessing Iran’s request for $5 billion in emergency financing in a process takes time because IMF’s engagement with Tehran has been limited in recent times.

After the United States opposed the IMF loan grant to Iran, a member of the Iranian Parliament's Plan and Budget Commission said that Tehran can take back its membership fee paid to the Fund over the past years.

International Monetary Fund (IMF) on Tue. predicted that Iran’s economic growth and inflation would improve during the outbreak of coronavirus, COVID-19.

The details of the coronavirus rescue package which has been provisioned to help low-income households and struggling businesses that have been affected by the economic consequences of the pandemic over the past two months.

Iran and Turkey traded 54,000 tons of goods last month amid the coronavirus outbreak and railway transportation served as the only means for transfer of goods between them.

Iran has considerably increased its export from the Southern province of Bushehr despite the US sanctions imposed on the country, a senior official said.

Oil output cuts by OPEC and its allies, together with pledges from other G20 nations and purchases by strategic reserves, could remove 19.5 million barrels per day from the market, the Saudi energy minister said. US President Donald Trump said Monday that the actual output cuts may be deeper than …