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.
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.
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.
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?
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.
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.