Business

0801 GMT May 28, 2020

Latest News

Most Visited

Iran invests €310m to open combined-cycle power plant

Iran invests €310m to open combined-cycle power plant
Iran is to add another 324 megawatts of electricity generation capacity with opening a combined-cycle power plant that has cost nearly €310 million to build.
Ambassador calls on Iranian companies to increase exports to Italy
Domestic Economy Desk Iran’s ambassador to Italy called on Iranian companies to take more initiative in the current condition of sanctions to develop cooperation and increase exports to Italy.
Iran’s annual exports from southeastern province top $1b
Iran exported commodities worth more than $1 billion in the year to March 19 from the southeastern province of Sistan and Baluchestan, a senior official said.
FAO delivers first batch of desert locust-control equipment to Iran
As part of an ongoing support provided by the Food and Agriculture Organization of the United Nations (FAO) to Iran for controlling desert locust infestation, the first consignment of pest-control equipment supplied by the organization, was delivered to the country’s plant protection authority.
Iran to inaugurate major industrial, mining, trade projects by March
The Iranian Ministry of Industry, Mine and Trade plans to launch 200 major industrial, mining, and trade projects across the country by March 20, 2021.
World economic prospects darken, rebound delayed: Poll
Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.
Investment in global energy to drop by $400b
Investment in global energy will fall by $400 billion (£324 billion) this year, the biggest slump in the industry’s history, as the COVID-19 pandemic fuels a collapse in energy demand.
France announces €8b rescue plan for car industry
The French government has announced an €8 billion (£7.1 billion) rescue plan for its car industry, which has been severely impacted by the coronavirus pandemic.
Morgan Stanley sees tighter oil market, raises Brent forecast
Morgan Stanley, a multinational investment bank and financial services company, raised its year-end Brent price forecast to $40 per barrel, citing a faster-than-expected balance in global oil demand and supply as countries ease coronavirus restrictions and major producers cut supply.
Jahangiri backs closer trade ties with Georgia
In a congratulatory message to Georgia on its National Day, Iran’s First Vice President Es’haq Jahangiri expressed hope for the development of economic and trade ties between Tehran and Tbilisi.