Energy Economy

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders. a warning sign that the outbreak is starting to dent the world’s largest economy.

China’s economy is likely to pick up quickly after the coronavirus is contained and stage a V-shaped recovery. according to a senior official with the nation’s central bank.

Foreign direct investment (FDI) in Iran fell only slightly by %0.6. to $831 million. in the first nine months of the current local calendar year. showing that the country is finding its way around the US sanctions and pressures.

Iran resumed exports of non-oil goods to Iraq from Chazabeh border. Khuzestan province.

Iranian Parliament Speaker Ali Larijani said that the European Union is only paying lip service to its commitments under the Joint Comprehensive Plan of Action (JCPOA).

Iranian President Hassan Rouhani condemned the Financial Action Task Force’s decision to blacklist Iran. saying the move will be used to justify the intensification of inhumane sanctions on the country.

Statistics showed that Foreign Direct Investment (FDI) hit $831 million in the first nine months of the current Iranian calendar year.

As Iran seeks to reduce dependency on foreign companies. Khatam-al Anbiya Construction Headquarters and Isfahan Steel Company signed a deal for the production of 5000 tons of railway lines.

A downward trend in the inflation rate in Iran and the improvement in the country’s non-oil economic growth will continue in the next Iranian year (starts on March 20). a deputy governor of the Central Bank of Iran said.

Turkish state lenders flooded the market with dollars on Thursday to help take the edge off a deepening lira rout amid concern the country is edging closer to a military conflict with Russian-backed forces in Syria.