Eurozone Suffering Greatest Contraction
The eurozone suffered its greatest contraction on record, exceeding the US economy’s record plunge.
Iran Urges Need to Boost Cooperation with Iraq
Iranian President stressed the need to boost Tehran-Baghdad relations and cooperation as well as speeding up the implementation of previously signed agreements.
Iran to Pursue Complaint against South Korean Banks
Tehran will pursue a complaint concerning its frozen assets against South Korean banks in the international courts of justice.
Largest Industrial Livestock Feedlot Opened in Tehran
Iran opened its largest industrial livestock breeding and production farm near Tehran, with one senior official calling it a milestone in the country’s plan to cut $1 billion worth of agricultural and livestock imports a year.
Fresh Limit on Cash Withdrawals from Iranian Banks
CBI has ordered a new limit on withdrawal of cash from banks amid toughening of rules on money laundering and also concerns about hoarding money because of the new coronavirus pandemic.
Over $5mn Flowers, Plants Exported in Q1
Iran exported more than $5 million worth of flowers and plants in the first three months of the current year (from March 21 to June 22).
Abu Dhabi Commercial Bank to Cut 400 Employees
Abu Dhabi Commercial Bank (ADCB) is letting go of hundreds of employees, sources said, the latest in a round of lay-offs by regional banks.
Iran Seeing Infrastructure Investment Despite Sanctions: Rouhani
Hassan Rouhani said his administration has opted for massive visionary investment in the country’s infrastructure despite economic woes caused by US sanctions.
African Trade Deal Could Save Millions from Poverty
A pandemic-delayed African free trade deal, if fully implemented, could boost incomes across the continent, pull millions out of poverty.
Iran’s Foreign Debts Cut by 4%: CBI
Iran's total foreign debts at the end of June 20, 2020, reached $8.655 billion, showing a 4 percent decrease compared to the preceding year.