Iran has sent two transit cargoes from Shahid Rajaee Port in the southern port city of Bandar Abbas to Uzbekistan through the newly established Iran-Afghanistan-Uzbekistan corridor under a pilot operation to assess the route.
Britain’s economy will be officially declared in recession this week for the first time since the 2008 financial crisis, as the coronavirus outbreak plunges the country into the deepest slump on record.
Trump. Trade. Turkey. A trio of risks confronts emerging markets in the coming week following a period in which prices have stuck to the August script, with implied currency volatility increasing in the five days through Friday by the most since the March rout.
Azerbaijani President Ilham Aliyev has criticized oil and gas giant SOCAR and other state-owned companies as wasteful in a speech nodding to Azerbaijan’s unfolding economic crisis and calling for a mass privatization drive.
Iran is making effort to make up the four-month trade deficit with neighboring Turkey which was created as a result of the former’s lower exports due to the coronavirus spread across the globe, said the chairman of Iran-Turkey Joint Chamber of Commerce.
Shalamcheh international border crossing, southwestern Iran, which was closed on Eid al-Adha (July 31), was reopened on Sunday, said the deputy head of Arvand Free Zone Organization for investment affairs.
Iran produced 91,080 tons of copper cathode during the first four months of the current calendar year (March 20-July 21, 2020), which marks a one percent growth compared to the figure for the same period last year.