Iran exported $570 million worth of medicinal plants during the last Iranian year (ended March 20, 2019) to register an increase of $120 million compared to the previous year, said an official with the Agriculture Ministry.
Russian Minister for North Caucasus Affairs Sergei Chebotarev reiterated on Monday that his country is eyeing stronger economic relations with Iran, and asked the two countries to appoint special envoys to follow up the expansion of bilateral ties.
Deutsche Bank is planning to overhaul its trading operations by creating a ‘bad bank’ to hold tens of billions of euros of assets and shrinking or shutting its US equity and trading businesses, the Financial Times reported on Sunday.
The Bank of Japan is expected to maintain its massive stimulus program on Thursday and signal its readiness to ramp up monetary support if growing risks such as the escalating US-China trade war threaten the economy’s modest expansion.
A senior Iranian lawmaker stressed that despite Washington’s hype about its bans and pressures on Iran’s steel industry, the country is still exporting the strategic product, rendering US sanctions obsolete.