Energy Economy

The top authorities in the two countries are determined to strengthen and enhance relations in all fields.

The new funding will accelerate Highview Power’s cryogenic energy storage expansion globally.

Gulf economies will grow at a slower pace than estimated this year as the coronavirus hurts oil demand. trade and tourism. Standard Chartered PLC said.

The governor of the Central Bank of Iran (CBI) announced that the country has created international banking ties which are neither sanctionable nor FATF-reliant.

Businessmen from Tehran Chamber of Commerce. Industries. Mines and Agriculture held several meetings with officials and traders of Pakistani port city of Karachi where the two sides urged their respective governments to ease banking relations.

A new international report shows that Iran’s steel output has increased by 46.7% in the past 12 months. indicating a stunning jump 20 times bigger than the world average growth of 2.1% in the same period.

Iran has exported 8.500.000 tons of mineral products worth more than $1.4 billion to Iraq. Turkey and Afghanistan in an 8-month period.

Flights were grounded. schools shuttered and religious shrines disinfected. but as Iran struggles to contain the spread of coronavirus there’s panic. disarray and questions over who to believe.

Saudi Arabia. Egypt and Bahrain are resuming postal services to Qatar -- frozen during a diplomatic rift that’s lasted nearly three years -- following a similar move by the United Arab Emirates.

World Bank President David Malpass said global economic growth in the first half of 2020 is likely to fall short of the 2.5% pace that the lender has forecast for the full year.