Tire production in Iran increases 5%
The production of tire in Iran has reached to 38.475 million tires during the first 11 months of the current Iranian year (March 21, 2019-February 19, 2020).
India-Chabahar-Afghanistan corridor becomes operational
India-Chabahar-Afghanistan corridor became officially operational with the shipment of two containers through Mumbai, Chabahar and the Dogharoon border, according to the Director-General of Customs Transit of Iran.
Banks at risk of losing fee-based revenues
Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants offering no-fee services.
Business travel revenue to be cut by $820b
The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses.
Iran exports close to 8,000 tons of honey per anum
Iran exports close to 8,000 tons of honey per annum, said the head of the country’s National Association of Beekeepers and Honey Producers.
Saudi Arabia, Russia raise stakes in oil price standoff
Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow's overtures for new talks.
11 months trade with EAEU worths $2.5bn; Iran says
Iran’s foreign trade value with member states of the Eurasian Economic Union (EAEU) hit $2.5 billion in 11 months of the current Iranian calendar year.
Iran Ex-OPEC Envoy Predicts More Crash in Oil Prices
Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline.
Agriculture secure fund will focus on capital market
ran’s agricultural sector has traditionally been used to raising funds through the country’s banking system, especially the Agriculture Bank of Iran (74 percent).
OPEC meeting worse than ever; Zangeneh says
Iran’s Minister of Petroleum Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.