Iran set a target to supply a fifth of all goods imported into 15 neighboring and nearby countries, says a senior trade official amid efforts to boost non-oil exports to compensate for losses suffered because of lower crude sales.
Iran seeks 20% share of neighboring states’ imports
The Iranian government was allowed to maintain a low rate for the US dollar in the next fiscal year’s budget.
Iran to maintain low forex rate for next fiscal year
Oil prices slid more than 1% on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the US South, creating a gap in demand, while OPEC+ supplies were expected to rise.
Oil drops as investors gauge big chill impact on US refineries, OPEC+ output rise
Global stock markets and US futures were mostly higher Friday after disappointing American jobs and economic data.
Global stocks higher after weak US jobs, economic data
UK government borrowing hit £8.8b last month, the highest January figure since records began in 1993, reflecting the cost of pandemic support measures.
UK government borrowing hits highest January level since records began
French automaker Renault said Friday it booked a record loss in 2020 as the coronavirus pandemic hit its performance and looked set to weigh on the outlook this year as well.
Renault says pandemic pushed it into record loss in 2020
Iran produced 880,500 washing machines during the 10 months to January 19, 2021, according to figures released by Industry, Mine and Trade Ministry.
Iran’s 10-month output of washing machines tops 880,000 sets
Iran’s second largest mobile operator MTN Irancell launched a first commercial 5G internet service in the country in a location in the capital Tehran.
Iranian operator launches commercial 5G service
The Central Bank of Iran (CBI) has supplied $32 billion for importing basic commodities since the beginning of the current Iranian year (March 20, 2020), the CBI governor said on Wednesday.
CBI supplies over $32b for import of basic goods
The total value of non-oil export shipments from Iran between December 20, 2020 and January 19, 2021 reached $2.9 billion, according to figures released by the Islamic Republic of Iran Customs Administration (IRICA).
Iran’s one-month exports hit $2.9b: IRICA

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