Despite the most severe sanctions against Iran, the volume of foreign investments in Iran has tripled in the current year in comparison to the same period last year, said director general of Organization for Investment Economic and Technical Assistance of Iran (OIETAI).
Foreign investments in Iran triple over past year: Official
Production of sponge iron and crude steel production increased by 11 percent and eight percent respectively during the first four months of the current Iranian year (March 20-July 20, 2020), the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced on Wednesday.
Iran’s four-month sponge iron output up 11%
The Food and Agriculture Organization (FAO) of the United Nations delivers two more consignments of desert locust control equipment and materials to Iran to further enhance national technical capacity to prevent and decrease the damages caused by this migratory pest.
FAO supplies Iran with more desert locust equipment
National flag carrier Iran Air will resume direct flights from Tehran to European destinations under COVID-19 aviation health safety protocols.
Iran Air to resume flights to European destinations
Asian stocks dipped on Wednesday on growing uncertainty over whether the US lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus.
Asian stocks fall on US stimulus uncertainty
Boeing Co. customers scrubbed more than 400 orders for the US planemaker’s grounded 737 MAX jets this year, while the company’s overall aircraft deliveries slumped to only four in July, monthly numbers showed.
Boeing 737 MAX cancelations rise, deliveries drop as crises drag on
The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession.
UK in recession for first time in 11 years
After reaching a $65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance said.
Argentina looks to IMF for more breathing space
South Korea's economy is likely to shrink less than expected this year thanks to its successful response to the coronavirus pandemic, the Organization for Economic Cooperation and Development (OECD) said.
OECD raises South Korea's 2020 growth outlook
Trade between Iran and the members of the Eurasian Economic Union (EAEU) has reached $2.6 since October 27, 2019 – the date when the preferential trade agreement (PTA) between the two sides was signed.
IRICA: Nine-month trade between Iran, Eurasia hit $2.6b

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