Rouhani orders boosting production of oil byproducts
Iranian President Hassan Rouhani called for boosting the production of oil byproducts and minimizing exports of crude oil.
UN: COVID-19 Downturn May Greater than Great Depression
The COVID-19 pandemic could trigger the worst downturn in the global economy since the Great Depression, UN Secretary-General Antonio Guterres said on Friday.
WBG to have COVID-19 emergency programs in over 100 countries
The World Bank Group is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19.
IMF sees a decade of no growth in Latin America
IMF said the economic fallout of the coronavirus pandemic, combined with other problems in recent years, meant Latin America and the Caribbean would likely see ‘no growth’ in the decade from 2015 to 2025.
Iran: annual sponge iron exports rise 86%
Iran has seen an 86 percent increase in the weight of its annual exports of sponge iron, a raw material mixed with scrap metal to produce steel.
Oil low on demand, warning situation
Oil languished at multi-year lows on Thursday, with WTI crude remaining around $20 a barrel as dire warnings about a virus-triggered demand shock overshadowed a deal to cut output.
Iran, Azerbaijan Call for More Cooperation
Iran and Azerbaijan Deputy Foreign Ministers stressed the need for the two countries to continue and enhance their cooperation in all areas.
Canada shutdown to last more weeks
Economic shutdown in Canada will last for weeks more to ensure that measures to fight the coronavirus are working.
Iranian Company Holds South Pars Project Instead of Total, CNPC
An Iranian company is going to take over a drilling project in phase 11 of the country’s South Pars gas field.
IMF: Debt relief for 25 countries hit by pandemic crisis
IMF said it would provide immediate debt relief to 25 member countries hit by the pandemic crisis.