0659 GMT May 25, 2022
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Oil fell by almost $1 on Tuesday as concerns over a possible recession and China's COVID-19 curbs outweighed tight global supply and expectations of a pick-up in fuel demand with the U.S. summer driving season.
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Cash-strapped Sri Lanka sharply hiked fuel prices to a record high on Tuesday, causing further pain to the country's 22 million people in its worst crisis since independence.
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The Turkish lira weakened to a five-month low against the US dollar as monetary policy remains far too loose to curb inflation.
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One in 10 eurozone households have bought crypto-assets such as bitcoin, with the rich only slightly more likely to own some than the poor, a European Central Bank study showed on Tuesday.
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A two-day Brainstorming Session on ECO reform process commenced on Monday at the ECO Secretariat in Tehran.
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Iranian steelmakers cast 9.1 million tons of crude steel in the first four months of 2022, marking a 8.9 percent drop compared to the corresponding figure for 2021, according to figures released by the World Steel Association (WSA) on Tuesday.
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The first trade exhibition of the Islamic Republic of Iran and Pakistan was inaugurated in Lahore, Punjab province, Pakistan.
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Political and economic ties between Iran and Oman has always been good and strong, leading to the continuation of their cooperation on energy, said Iran’s former representative in the executive board of Organization of Petroleum Exporting Countries (OPEC).
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Iran and Kazakhstan are set to strengthen trade ties as Tehran moves closer to join the Eurasian Economic Union (EAEU).
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Electricity use in Iran has topped an annual high of 50 megawatts (MW) per hour as authorities expect the consumption to rise in the coming days with a warm spell driving up cooling demand across the country.
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