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0450 GMT August 05, 2020

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Iran approves 32 foreign investment projects: Report

Iran approves 32 foreign investment projects: Report
Iran has approved 32 new projects with direct investments from foreign nationals as authorities say the value of foreign direct investment (FDI) schemes ratified over the past four months (March 20-July 21) has tripled compared to the similar period last year.
Iran auto industry begins to absorb shock of US sanctions
When the US unleashed its most aggressive sanctions ever on Iran in August 2018, it reserved the first hammer blow for the car industry to hurt as many Iranians as possible.
Official: Tehran, Kabul sign MoU on goods transit
Iran signed an MoU with Afghanistan’s private sector on goods transit via the Chabahar port in the southeastern province of Sistan and Baluchestan, said a provincial official on Wednesday.
NIGC official: Daily gas exports hit record high of 79 mcm
Iran’s daily gas exports hit a record high of 79 million cubic meters (mcm) during June 21-July 21, 2020, announced the head of the Dispatching Department of the National Iranian Gas Company (NIGC).
Falling industry makes OPEC job to save oil market more obvious
Members of the Organization of the Petroleum Exporting Countries (OPEC) could be preparing for hard days as expectations rise for prolonged demand destruction caused by the coronavirus pandemic. But will the bloc be able to save the dwindling oil industry as majors report historic losses?
Gold barrels past $2,000 with stage set for prices to rally more
Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2,000 an ounce as investors assessed prospects of more stimulus to combat the pandemic’s fallout, another slide in US real yields and increased geopolitical risks.
The new poor post-pandemic: Time for cushioning the most vulnerable in Southeast Asia
By Kaveh Zahedi & Van Nguyen*
China pursues economic self-reliance as external risks grow
China is looking to reduce its reliance on overseas markets and technology for its economic development, government advisers say, as US hostility and a global pandemic increase external risks that could hamper longer-term progress.
Oil falls as rising virus cases overshadow demand recovery
Oil prices eased on Tuesday on concerns that a fresh wave of COVID-19 infections will hamper a global demand recovery just as major producers ramp up output.
Iran resumes electricity exports to Afghanistan after hiatus
A spokesman of the Iranian Energy Ministry said electricity exports to neighboring Afghanistan has resumed following a brief halt caused by a suspected attack on transmission lines.