Another gold price spike ‘is coming’
There is an "over-exuberance" in the financial markets right now with investors piling into assets that don't have any real value, said Barrick Gold CEO Mark Bristow, adding that gold price will see another spike higher.
Central Banks Urged to Boost Barter Trade Between Iran and Armenia
The central banks of Iran and Armenia have been urged to support more of a barter trade mechanism between the two states.
Oil extends gains on OPEC+ supply restraint
Oil prices rose early on Friday, adding to big gains overnight after OPEC and its allies agreed to not increase supply in April as they await a more solid recovery in demand from the coronavirus pandemic.
Tehran Calls for Promotion of Intra-ECO Trade
President Hassan Rouhani called for plans to boost trade exchanges among the Economic Cooperation Organization (ECO) member states, particularly in the post-coronavirus era.
Chabahar to Turn Into a Hub for Petrochemical Products
Iran’s Minister of Road and Urban Development Mohammad Eslami on Thursday said in the near future Chabahar Port will turn into a hub for petrochemical products.
The President of Uzbekistan Called for Raising Cooperation Within the ECO to a New Higher Level
The 14th Summit of the Council of Heads of State of the Economic Cooperation Organization (ECO) was held March 4 under the slogan "Regional Economic Cooperation in the Post-Pandemic Era".
Tehran, Kiev Eye Resolving Problems in Way of Bilateral Trade
Chambers of commerce of Iran and Ukraine on Tuesday explored ways to boost trade ties in a webinar where both sides called for removing hurdles in the way of trade.
Iran-Russia Trade Volume Surpasses $1b in 10 Months
The trade volume of Iran and Russia has surpassed $1b in ten months of the current Iranian calendar year which will end on March 20.
Oil Falls With OPEC+ Meeting Hovering Over Tightening Market
Oil plunged as the dollar pared losses ahead of a key OPEC+ meeting scheduled this week that may return more supply back to a fast-tightening market.
President Rouhani inaugurates three national oil projects
Iran's President Hassan Rouhani, via a video conference on Monday, inaugurated three oil projects including, Azar oil field development, Kangan Petro Refining, and Kian Petrochemical plant in Ilam and Bushehr provinces with 5 billion dollars in investment.