0443 GMT January 21, 2022
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Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Persian Gulf added to an already tight supply outlook.
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EU car sales fell to a new low last year as the auto sector was hobbled by the Covid pandemic and a shortage of computer chips, industry figures showed Tuesday.
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ANALYSIS
By Keith Bradsher
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More than 50 Iranian nanotechnology products were unveiled during the opening ceremony of an exhibition in the Iranian capital of Tehran on Monday.
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Oil prices were steady on Monday as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.
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The World Bank revised up its estimate of economic growth in Iran for 2021 as figures provided in the Bank’s latest report show Iran’s gross domestic product (GDP) rose by 3.1% last year.
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A railway linking the southern Iraqi oil city of Basra and the Iranian border town of Shalamcheh, besides rounding off logistics between Iran, Iraq and Syria, is about to help facilitate exports to Iraq and expand pilgrimage between the two countries, economists say.
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The Iranian president said that the success of economic reform plan depends on the success of the reform of the banking system of the country, adding that the current approach of the banking system should be revised on the basis of justice for the benefit of the people.
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The Iran Mercantile Exchange (IME) announced that over 1.76 million tons of commodities, valued at over $482 million, were traded in its domestic trading and export halls in the week closing on January 14.
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Trade between Russia and Iran increased 12 percent in terms of weight, and 41 percent in terms of value, in the first nine months of the current Iranian year (March 21-December 21, 2021), according to an Iranian official.
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