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.
Iran auto industry begins to absorb shock of US sanctions
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 approves 32 foreign investment projects: Report
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.
China pursues economic self-reliance as external risks grow
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.
Gold barrels past $2,000 with stage set for prices to rally more
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?
Falling industry makes OPEC job to save oil market more obvious
In a farewell meeting with the foreign minister of Bosnia and Herzegovina, Iranian envoy to the country announced that the trade volume between the two sides increased fourfold in the past four years.
Tehran-Sarajevo trade volume quadruples: Envoy
The production of six major mining industry products has increased in the first three months of the current Iranian year (March 20-June 20, 2020), the latest data released by Iran’s Industry, Mine, and Trade Ministry show.
Output of six major mining products increases
Iran exported the second non-oil cargo to Oman via Sirik Port in the southern province of Hormuzgan, said the governor of Sirik County.
Sirik port exports second non-oil cargo to Oman
Managing Director of Iran’s National Petrochemical Company (NPC) said that the country will witness a four-million-ton increase in petrochemical production capacity with the inauguration of three important projects on Thursday.
Iranian petrochemical production capacity to rise by 4m tons: NPC

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