0533 GMT July 23, 2018
Is the oil industry repeating a critical error
Ten years ago this week — July 11, 2008 to be exact — the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest price ever.
Fitch downgrades Turkish debt rating to ‘BB,’ outlook negative
The ratings agency Fitch downgraded Turkish sovereign debt a notch to ‘BB’ with a negative outlook, citing inflation and widening current account deficit.
Pakistan raises rate most since 2008 as economic pressure builds
Pakistan’s central bank increased its key rate for a second straight meeting as economic pressures build ahead of a tense national vote.
SCI: Iran’s inflation rate stands at 8.2%
Iran's average inflation rate in the 12 months ending June 21 stood at 8.2 percent, reported IRIB citing Statistical Center of Iran figures.
ISPA: Iran steel output to reach 24m tons this year
Iran plans to produce 24 million tons of raw steel in the year to March 2019, said the chairman of Iranian Steel Producers' Association (ISPA).
India gives nod to Iran bank in Mumbai before US sanctions
India approved a proposal from Iranian Bank Pasargad to open a branch in Mumbai.
IFPTU chief: Aquatics exports fetched Iran over $500m last year
By Sadeq Dehqan & Farzam Vanaki
International urea market eyes India-Iran relations
The international urea market has been nervous this week as it finds itself at a crossroads as future trade looks increasingly dependent on India's ability to continue buying Iranian product after US sanctions are re-imposed.
Iran targets $30b trade with Turkey
Turkey is Iran's most important trade partner among its 15 neighboring states and Iran plans to increase its trade transactions with Turkey to $30 billion, said Iran's ambassador to Turkey.
Kazakhstan's Aktau port to launch container shipments to Iranian ports
Kazakhstan's Aktau port and its counterparts in Iran will launch container shipments in 2019, said the deputy chairman of the board of Kazakhstan Railways.
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