It’s likely dollar drift a bit lower against euro: Steve Hanke

Tehran (ISNA) – For the first time in the last 8 years, Euro became the most used currency for global transactions according to the SWIFT; We’d asked professor Hanke for a commentary.

Over the second week of November;

Trading 387 thousand tonnes of commodities on IME

Tehran (ISNA) - During weekdays ending up to November 12, 2020, over 387,584 MT of commodities worth over 136 million USD were traded on the Iran Mercantile Exchange.

Over the 1st week of November

Trading 514 thousand tonnes of various commodities on IME

Tehran (ISNA) - During weekdays ending up to November 5, 2020, over 514,047 MT of commodities worth over 211 million USD were traded on the Iran Mercantile Exchange.

New agreement between Iran, Russia on Sirik power plant

Tehran (ISNA) - Director of power plant projects in Iran announced on Saturday that Iran and Russia have renewed agreement on construction of Sirik power plant in southern Iranian province of Hormuzgan.

Sanctions have long history of not achieving their stated goals: Steve Hanke

Tehran (ISNA) – In recent days, Iranian financial markets, especially the currency market are experiencing a new round of volatility, which may be a result of the U.S presidential election; We’d asked professor Hanke for a commentary.

Over the 2nd week of October;

IME Witnessed a 70% Growth in its Trading Volume and Value

Tehran (ISNA) - During weekdays ending up to October 15, 2020, while over 928,524 MT of commodities worth over 401 million USD were traded on the Iran Mercantile Exchange, the trading volume and value experienced growth of %70 and %90, respectively.

A brief review of the Rial’s crisis

Tehran (ISNA) - The enthusiasm for the Iranians to hold Dollar may be strange at the first glance but considering the long-run trend, the ordinary people may have right to do so. Historical overview of the last four decades shows us that Rial wasn’t so much reliable most of the time.

Over the first week of October;

Trading 221 million dollar of various commodities on IME

Tehran (ISNA) - During weekdays ending up to October 8, 2020, over 543,582 MT of commodities worth over 221 million USD were traded on the Iran Mercantile Exchange.

Coronavirus didn’t stop Iran’s oil production even a single day: Zanganeh

Tehran (ISNA) - Iranian Oil Minister, Bijan Namdar Zangeneh stressed that the country’s crude production hasn’t been halted even a single day despite the coronavirus outbreak and the sanctions.

Khaf-Herat railway route to be inaugurated in next 2 months

Tehran (ISNA) - The Iranian section of the Khaf-Herat railway route will be completed in the next two months, the Iranian deputy Minister of Transport and Urban Development Abbas Khatibi announced.

Over the last week;

Trading over 637 thousand tonnes of Commodities on IME

Tehran (ISNA) - During weekdays ending up to September 17, 2020, while over 637,597 MT of commodities worth over 1,595 million USD were traded on the Iran Mercantile Exchange.

Iran to hold forum on boosting trade with Africa

Tehran (ISNA) - The Trade Promotion Organization of Iran is going to hold a forum in early October to weigh plans for boosting Iranian exports to the African nations, an official has announced.

Iran, Azerbaijan to develop infrastructure, rail links

Tehran (ISNA) – Iranian Minister of Roads and Urban Development Ahmad Eslami and Minister of Roads, Communications and Advanced Technologies of the Republic of Azerbaijan Ramin Gholizadeh held a video conference, stressing on the need to further develop infrastructure and rail links in the region.

Bitumen market forecast in next 40 days until US election

Tehran (ISNA) - OPEC basket price fell below 40$ on Thursday, September 10, 2020. For the past two weeks, oil prices have been decreasing. Due to the current global situation and lockdowns, the entire world seeks relative economic stability, especially in fuel and oil markets. According to the information gathered by Infinity Galaxy, the growing trend for fuel demand caused increasing oil supply around the world. All these challenges have decreased prices.

Iran steel export hits 1.7m tons

Tehran (ISNA) - The total exports of Iran's largest steel mills companies, rose up to 1.7 million tons over the past five months of current Iranian year (March 21- August 21).

Over August 2020;

Trading over 2.7 million tonnes of various commodities on IME

Tehran (ISNA) - At the end of August 2020, different trading floors of the Iran Mercantile Exchange witnessed trading of more than 2,787,865 tonnes of commodities worth over 5,368 million USD.

Over the last week;

IME witnesses growth in its trading volume, value

Tehran (ISNA) - During weekdays ending up to August 20, 2020, while over 693,030 MT of commodities worth over 1,238 million USD were traded on the Iran Mercantile Exchange, the trading volume and value experienced growth of %12 and %2, respectively.

185000 barrels to be added to Iran’s oil output by implementing 13 new contracts

Tehran (ISNA) - Deputy Director for Development and Engineering Affairs at National Iranian Oil Company (NIOC), Reza Dehghan announced that 185,000 barrels of oil will be added to the current oil production capacity of country by implementing 13 new contracts.

IME witnesses a %58 growth in its metal trading volume

Tehran (ISNA) - During weekdays ending up to August 6, 2020, while over 572,763 MT of commodities worth over 1,190 million USD were traded on the Iran Mercantile Exchange, the trading volume on its metal and mineral trading floor experienced a growth of %58.

Iran’s steel production surpasses 30 million tons

Tehran (ISNA) - Deputy Minister of Industry, Mine and Trade and the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Khodadad Gharibpour announced that during the current year, steel industry for the first time has increased the steel production volume by more than 30 million tons.

Over the last week;

IME witnesses growths in its trading volume, value

Tehran (ISNA) - During weekdays ending up to July 30, 2020, while over 712,569 MT of commodities worth over 1,166 million USD were traded on the Iran Mercantile Exchange, the trading volume and value experienced growths of 74 and 40 percent, respectively.