Oil prices extended losses in Asian trade Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world and no end in sight to a vicious price war.
Oil prices at 17-year lows as virus ravages world
Iran has lifted for a second time in a year the price at which it buys locally produced new-season wheat as the government plans to purchase nearly 70 percent of the crop produced inside the country.
Iran revises buying price for wheat to support farmers
All commercial centers, except for those related to food supplies and pharmacies, have been closed down in Tehran as part of new restrictive measures to curb the coronavirus outbreak.
Tehran's trade centers closed down to contain COVID-19; malls, pharmacies remain open
In the light of the worst desert locust outbreak in 25 years across East Africa and South-West Asia, the Food and Agriculture Organization of the United Nations (FAO) and Iran’s Plant Protection Organization (PPO) signed an emergency Technical Cooperation Programme (TCP) project to enhance the country’s technical capacity for early warning, monitoring and management of desert locust.
FAO to help Iran control desert locust
The governor of the Central Bank of Iran (CBI) announced the country's 1.2 percent economic growth for the first nine months of the current Iranian year (March 21-December 21, 2019).
Nine-month economic growth stands at 1.2%: CBI
Iran Khodro Company (IKCO) unveiled Iran’s first domestically manufactured six-speed manual gearbox on Saturday.
Iranian automaker unveils first six-speed manual gearbox
Iran, Japan and the United Nations Industrial Development Organization (UNIDO) signed a trilateral agreement to cooperate on the third phase of a project for developing advanced fishery in the port city of Chabahar in southeastern Iran.
Iran, Japan, UNIDO set to cooperate on fishery development
Iran produced over 18.5 million tons of steel ingots during the first 11 months of the current Iranian year (March 21, 2019-February 19, 2020), registering a four percent rise compared to the corresponding figure of preceding year which was 17.7 million tons.
Iran’s 11-month crude steel production over 18.5m tons
The Philippine economy will expand about six percent under the worst scenario of the coronavirus pandemic, the central bank governor said, pledging to use all tools needed to address risks to growth and financial markets.
Philippine economy to grow 6% under worst scenario

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