The OPEC+ oil group agreed Wednesday to a small increase in production despite efforts by US President Joe Biden to secure a bigger hike in talks in Saudi Arabia last month.
OPEC+ agrees small increase in oil production
Inflation will soar to “astronomical” levels over the next year forcing the Bank of England to raise interest rates higher and for longer than previously expected, according to a leading think tank.
UK inflation will soar to ‘astronomical’ levels over next year, think tank warns
Turkey's annual inflation rate stabilised in July at just under 80 percent, official data showed on Wednesday, helping support President Recep Tayyip Erdogan's pledges that runaway price increases would soon stop.
Turkish inflation stabilises at under 80%
Iran’s Defense Ministry held an exhibition on its capabilities in technology-based production and economy.
Defense Ministry holds exhibition on technology-based production, economy
A report shows that flash floods that swept through various parts of Iran in recent days significantly raised the inflows of water into dams at a time the country was facing a major drought and potential water shortages in crowded urban areas.
Summer floods raised inflows to Iranian dams by 318mcm: Report
Mohsen Pakaein Ex-Iranian envoy to Azerbaijan
Construction of Rasht-Astara railway and regional interests
Iran’s Trade Promotion Organization (TPO) on Wednesday signed a memorandum of understanding (MoU) with the Russian trade association Business Russia to expand trade ties between the two countries.
Iran’s TPO signs MoU with Business Russia
Iran exported non-oil commodities worth $2.06 billion to Turkey in the first four months of the current Iranian year (March 21-July 22), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).
Iran’s four-month exports to Turkey top $2b: IRICA
Iran exported non-oil products valued at $2.398 billion to Iraq in the first four months of the current Iranian year (March 21-July 22), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).
Iran’s four-month exports to Iraq near $2.4b
Iran’s Trade Promotion Organization is pursuing a plan for establishing an export investment fund in collaboration with the National Development Fund (NDF) and the country’s banking system to support technology-based exporters, announced the TPO head.
TPO to form fund for supporting technology-based businesses

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