News Categories

Gold price spikes higher after Federal Reserve announces $2.3 trillion in loan program

9 April 2020 - 19:25
The U.S. Federal Reserve continues to throw more money in to the U.S. financial system to support the sputtering economy.

Rejection of Iran’s IMF Loan Application Unacceptable: President

8 April 2020 - 20:38
It would be unacceptable for the International Monetary Fund to unfairly refuse Iran’s application for a loan that it needs for the fight against the coronavirus, Iranian President Hassan Rouhani said.

1,185 Production Units Revived Last Year

7 April 2020 - 20:35
A total of 1,185 production units in Iran’s industrial parks and estates were revived in the last Iranian year that ended on March 19, according to Asghar Masaheb, the deputy head of Iran Small Industries and Industrial Parks Organization.

China cuts rail freight to promote economic activity

7 April 2020 - 16:44
China's state-controlled Xi'an Railway group has reduced rail costs by 20-26pc for cargoes departing from some parts of Shaanxi, the country's third-largest coal producing province, to encourage more domestic industrial activity and cut coal logistics costs.

Q&A: Production drops will be sudden: Hamm

7 April 2020 - 16:38
US oil producers are likely to lower their output by some 30pc, as crude prices plummet after Saudi Arabia and Russia last month said they would increase production, and governments limits travel to contain the coronavirus, leading to a collapse in demand. Key Bakken operator Continental Resources executive chairman Harold Hamm spoke to Argus on how the Trump administration and US producers are responding to the changing market conditions. Edited highlights follow:

Iran's 1st Silicon Production Factory in the Making

5 April 2020 - 20:32
Chairman of Iranian Mines and Mining Industries Development and Renovation Organization Khodadad Gharibpour and a private sector consortium on March 16 signed a memorandum of understanding for the establishment of Iran’s first silicon production factory.

57% Decline in Trade With Turkey

4 April 2020 - 20:56
Iran’s trade with Turkey totaled $561.37 million during the first two months of 2020 to register a decline of 57.72% compared with the corresponding month of 2019, data released by Turkish Statistical Institute show.

IMF Chief: Current Fallout Worse Than 2008 Financial Crisis

4 April 2020 - 20:53
The coronavirus pandemic has created an economic crisis “like no other” — one that is “way worse” than the 2008 global financial crisis, the International Monetary Fund’s top official said on Friday.

Newly-Elected MPs Pledge Efforts to Fulfill Production Surge Goals

4 April 2020 - 18:58
A large group of winners of the recent parliamentary elections in Iran praised Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei for naming the new Iranian year the year of ‘surge in production’, and vowed to do their utmost to attain that goal.

President Orders Special Support for Iranian Businesses

4 April 2020 - 18:19
Iranian President Hassan Rouhani earmarked 750 trillion rials in financial aid for the businesses keeping their employees amid the outbreak of the coronavirus.
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