Ground Ripe for Launching Megastores in Latin America
Head of the Commission for Trade Development and Non-Oil Export Development of Iran Chamber of Cooperatives Babak Afghahi believes the ground is ready for Iran.
Turkish, Chinese Auto Parts Replace European-Made Ones
Head of Union of Vehicle Auto-Parts of Tehran says sanctions have affected the market of auto parts in the country and currently the Chinese and Turkish-made auto-parts have replaced their European likes.
Japan, UNIDO Sign MoUs on Cooperation in Tehran
Some memorandum of understandings (MoUs) on gratuitous aids were signed between the Japan Embassy and representatives of UNDP and UNIDO in Tehran on Wednesday.
Is This Oil Rally The Start Of Something Much Bigger?
Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.
Iran’s Economy Under Sanctions
Iran had barely started to reap the economic benefits of its 2015 nuclear deal with world powers when Donald Trump withdrew and imposed sanctions so tight they plunged the country into its worst economic crisis since the 1980s.
Oil rises on fears of heightened tensions in Middle East
Brent crude was up 66 cents, or 1.1%, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020. U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.5%, to $60.33 a barrel.
Chabahar port’s capacity developed to 8.5m tons
Development of Chabahar Port in southeastern Iran raised capacity to load and unload more than 8.5 million tons of goods a year, a local official said on Sunday.
Omani Banks Likely to Open Accounts for Iranian Companies
Head of the Iran-Oman Joint Chamber of Commerce Mohsen Zarrabi says talks are underway with Omani banks to open accounts for Iranian companies active in this sultanate.
Gold Price Analysis: XAU/USD rebounds $20 to $1830 as DXY drops sharply
A reversal of the US dollar across the board triggered a rally in XAU/USD. Gold jumped $20 from the low, hitting a fresh daily high at $1830.
Brent Oil: A rally to $70 is technically possible
This week, Brent Oil prices broke through the technical resistance level of $60/barrel within the upward trend channel. As a result, the multiyear downward trend was broken