Middle East

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me-metals: Gold topped $2,700 an ounce for the first time as concerns over escalating conflicts in the Middle East and a tight US election race prompt investors to flock to safety.
News ID: 11392    Publish Date : 2024/10/20

me-metals: Gold set a record high on Thursday as uncertainty surrounding the US election and rising Middle East tensions prompted higher demand for safe-haven assets, while easing monetary policy environment also kept prices elevated.
News ID: 11383    Publish Date : 2024/10/18

me-metals: Gold rose over 1% on Friday after fresh US inflation data cemented the prospects of more interest rate cuts this year, while safe-haven demand stemming from geopolitical tensions also lifted bullion.
News ID: 11354    Publish Date : 2024/10/12

Iran ranks 10th in the world in terms of producing steel and has 62% share of steel manufacturing in the Middle East , chairman of the board of IMIDRO announced.
News ID: 10587    Publish Date : 2022/02/15

Iran has decided to produce 33 million tons of steel in the current Iranian calendar year (started March 20, 2020), a statistical study said.
News ID: 9509    Publish Date : 2020/05/15

Methanol sellers in Asia and the Middle East are under pressure to cut production rates or face demurrage costs as Chinese storage tanks have no space left.
News ID: 9490    Publish Date : 2020/05/15

The Indian government has warned all chemical plants to take precautionary measures while resuming operations following yesterday's fatal leak at the LG Polymers India (LGPI) plant, potentially complicating restarts as the country's Covid-19 lockdown eases.
News ID: 9380    Publish Date : 2020/05/08

Dubai-based biofuels producer Neutral Fuels is expanding its waste-based biodiesel operations beyond the UAE in the Middle East , Africa and Asia-Pacific.
News ID: 9249    Publish Date : 2020/04/28

Iran’s Energy Minister Reza Ardakanian said inauguration or ground breaking ceremonies will be held for 250 major water and energy projects in the country during the current Persian calendar year (started March 20).
News ID: 9185    Publish Date : 2020/04/16

The International Monetary Fund is still assessing Iran’s request for $5 billion in emergency financing, a senior IMF official said.
News ID: 9184    Publish Date : 2020/04/16

The CBI vice governor for economic affairs, Peyman Ghorbani, has been appointed first vice chair of International Monetary Fund’s Group of Twenty-Four (G-24).
News ID: 9181    Publish Date : 2020/04/17

With the coronavirus choking fuel demand and the world awash in surplus crude, even the Middle East ’s main oil-trading hub has run out of room to store unwanted barrels.
News ID: 9148    Publish Date : 2020/04/13

The global economy will shrink by 3pc this year, and few major economies will make up for the lost growth in 2021 as a result of collapsing economic activity in the wake of the Covid-19 pandemic, the IMF said today.
News ID: 9133    Publish Date : 2020/04/14

Around 8.5 million tons of gold were extracted from Iranian mines during the last fiscal year that ended on March 19, 2020, according to the head of Iran's Mine House.
News ID: 9113    Publish Date : 2020/04/11

South Korea is deferring taxes on crude imports for the next three months to help refiners and other buyers weather a slump in fuel demand caused by the Covid-19 pandemic.
News ID: 9077    Publish Date : 2020/04/08

Inland US containerized scrap exporters are feeling the pinch as intensifying impacts of the coronavirus pandemic impact export bookings and cause supply chain disruptions throughout North America.
News ID: 8743    Publish Date : 2020/03/17

Middle East petrochemical producers remain on edge after crude futures slumped in Asian trading to a more than four-year low.
News ID: 8660    Publish Date : 2020/03/09

Mr N D Rao, President, Orissa Metaliks Pvt Ltd, India shared that India is likely to witness sharp increase in pellet capacity by 2035. He expects nearly 250 MnT upcoming pellet capacities coming up in India by 2035.
News ID: 8616    Publish Date : 2020/03/03

Leonardo Helicopter has exhibited in public its weapon wing system that is tooled UK AW159 Wildcat HMA2 maritime helicopters during the Royal navy’s Carrier Strike Group 2021 roll-out.
News ID: 8604    Publish Date : 2020/03/07

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that his country is skeptical about a US decision to allow a Swiss financial channel for importing food and medicine amidst coronavirus outbreak in the Middle East , adding that its practicality must be verified in action.
News ID: 8546    Publish Date : 2020/03/03

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