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
OPEC expects demand for its crude will fall to the lowest in three decades as the coronavirus outbreak freezes the global economy, underscoring the urgency of its promised production cuts.
News ID: 9180 Publish Date : 2020/04/17
The loan that Iran has asked the International Monetary Fund for in order to deal with the coronavirus outbreak is totally unconditional and must be given immediately, the Governor of the Central Bank of Iran said.
News ID: 9166 Publish Date : 2020/04/15
Pakistan extended the closure of its border with Iran and Afghanistan for another two weeks due to the spread of coronavirus, according to a notification issued by the country’s Interior Ministry on Monday.
News ID: 9164 Publish Date : 2020/04/14
India has listed economic activities that could be permitted to resume from next week as it contends with the fallout from the Covid-19 pandemic. But coal-consuming industries say the move might not yield the desired results.
News ID: 9151 Publish Date : 2020/04/15
India has extended a nationwide lockdown until 3 May in an attempt to curb the spread of Covid-19, but is making some exceptions to minimise economic damage.
News ID: 9142 Publish Date : 2020/04/14
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
The spokesman for Iran’s administration lashed out at the US for its attempts to block Tehran’s request for an emergency International Monetary Fund loan to fight the coronavirus, saying the US is legally in no position to obstruct the activities of international organizations.
News ID: 9131 Publish Date : 2020/04/13
Mehran border crossing will remain closed until April 19, as per a new decision made by Iraq’s Ministry of Health and Environment.
News ID: 9130 Publish Date : 2020/04/12
The Islamic Republic of Iran Customs Administration unveiled its smart customs system on April 7, with senior governmental officials, including First Vice President Es’haq Jahangiri, Economy Minister Farhad Dejpasand and Industries Minister Reza Rahmani, in attendance.
News ID: 9108 Publish Date : 2020/04/10
The central governor says Iran is determined to use its legal right for receiving a loan from the International Monetary Fund to fight the coronavirus pandemic.
News ID: 9105 Publish Date : 2020/04/10
The U.S. Federal Reserve continues to throw more money in to the U.S. financial system to support the sputtering economy.
News ID: 9101 Publish Date : 2020/04/09
It would be unacceptable for the International Monetary Fund to unfairly refuse Iran’s application for a loan that it needs for the fight against the coronavirus, Iranian President Hassan Rouhani said.
News ID: 9085 Publish Date : 2020/04/08
China's state-controlled Xi'an Railway group has reduced rail costs by 20-26pc for cargoes departing from some parts of Shaanxi, the country's third-largest coal producing province, to encourage more domestic industrial activity and cut coal logistics costs.
News ID: 9056 Publish Date : 2020/04/07
US oil producers are likely to lower their output by some 30pc, as crude prices plummet after Saudi Arabia and Russia last month said they would increase production, and governments limits travel to contain the coronavirus, leading to a collapse in demand. Key Bakken operator Continental Resources executive chairman Harold Hamm spoke to Argus on how the Trump administration and US producers are responding to the changing market conditions. Edited highlights follow:
News ID: 9054 Publish Date : 2020/04/07
Chairman of Iranian Mines and Mining Industries Development and Renovation Organization Khodadad Gharibpour and a private sector consortium on March 16 signed a memorandum of understanding for the establishment of Iran’s first silicon production factory.
News ID: 9053 Publish Date : 2020/04/05
Crude futures rose by 10pc today after US president Donald Trump suggested that Saudi Arabia and Russia may be close to "a deal" to alleviate the oil price collapse.
News ID: 9024 Publish Date : 2020/04/02
It has been a major development as the first biggest layoff warning call involving a production plant due to the COVID-19 epidemic. The management of the plant declared almost all of its 302 employees would be laid off.
News ID: 9017 Publish Date : 2020/04/01
Iranian banking system will offer 750 trillion rials (about $17.85 billion) of facilities to the production units hurt by the current economic condition in the country, the governor of Central Bank of Iran (CBI) announced.
News ID: 8947 Publish Date : 2020/03/30
Domestic production of industrial and mining products is planned to save the country over $3 billion in the current Iranian calendar year (began on March 20), Iranian deputy industry, mining , and trade minister for planning announced.
News ID: 8943 Publish Date : 2020/03/28
