آرشیو

Four French refineries disrupted by fourth day of strikes

Strikes have disrupted TotalEnergies' oil products refining and delivery for a fourth day, with four of its French plants hit by continuing industrial action by workers.

IME monthly trade exceeds $2.4b

The Iran Mercantile Exchange announced that more than 9.8 million tons of commodities, valued at over $2.4 billion, were traded in its domestic trading and export halls during the month to September 22.

Iran reports 5.1% growth in manufacturing in March-August

Figures by the Iranian Ministry of Industry, Mine and Trade (MIMT) showed the country’s manufacturing sector expanded by 5.1% in the five calendar months to August 22 compared with the same period last year.

EU countries at odds over possible gas price cap

European Union countries were at odds on Wednesday over whether to cap gas prices in the bloc, with France, Belgium and 13 other states stepping up their call for the move opposed by Germany and others.

Bank of England to buy UK bonds to avert financial risk

The Bank of England moved Wednesday to halt a slide in British government bonds that posed a “material risk to U.K. financial stability” after political leaders’ plans to slash taxes and increase borrowing spooked investors and sent the pound tumbling.

U.S. mortgage interest rates jump to 6.52%, highest since mid-2008

The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday.

$3 billion railway to link Oman, UAE: Officials

A new $3 billion railway is to link Oman's Sohar Port with Abu Dhabi, capital of the United Arab Emirates, officials said on Wednesday.

Iran boosts wheat stocks with local buys amid global crunch

Iran’s wheat purchases from local farmers rose 55.2% from the prior year’s total procurement, boosting stocks at government granaries at a time of surging prices that have sent flour costs sharply higher.

Iran’s eight-month crude steel production at 19.5m tons: WSA

Iranian steelmakers churned out 19.5 million tons of crude steel in the first eight months of 2022, marking a 7.8 percent growth compared to the corresponding figure for 2021, according to figures released by the World Steel Association (WSA).

Oil minister: Iran to develop energy ties with friends amid sanctions

Iranian Oil Minister Javad Owji said that the Islamic Republic of Iran will develop energy relations with friends like China and Russia amid economic sanctions.