Close to two million tons of the latent capacities of Iran’s petrochemical complexes will become operational in the next Iranian calendar year (to start March 20, 2020), said a manager of the National Petrochemical Company (NPC) on Saturday.
NPC : Nearly 2m tons of dormant petrochemical capacity to become operational
Under the present circumstances, expansion of exports is sole solution for rescuing the country’s economy, said the Iranian minister of industry, mine and trade.
Minister: Boosting exports only way to salvage Iran’s economy
Iran Mercantile Exchange (IME) announced on Saturday that 637,158 tons of commodities valued at over $690 million were traded in its domestic trading and export halls in the past week (ended January 16).
IME weekly trade tops $690m
British consumers failed to increase their spending for a record fifth month in a row in December, adding to signs of economic weakening that might prompt the Bank of England to cut interest rates this month.
UK consumers cut back on spending again, adding to economic gloom
The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability.
IMF boss says global economy risks return of Great Depression
The cost of Ghana’s financial sector cleanup risks escalating to 20 billion cedis ($3.5 billion) as the government weighs increasing the guaranteed payback for some depositors, Finance Minister Ken Ofori-Atta said.
Ghana finance sector cleanup cost risks surging to $3.5b
A number of Kazakh-Iranian joint projects in Kazakhstan are currently at various stages of implementation, the majority of them accounting for agriculture, a representative of Kazakhstan’s Ministry of Trade and Integration told Trend News Agency.
Kazakhstan overseeing implementation of joint projects with Iran
Iran plans to boost exports of non-oil products to 15 countries, as approved by the country’s Supreme Council of Non-Oil Exports Promotion said a deputy minister.
Deputy minister: Iran seeking to expand non-oil exports to 15 countries
Iran exported products worth $656 million to the Eurasian countries during March 19-December 21, 2019, indicating a 48-percent growth year-on-year, said the head of the Trade Promotion Organization (TPO) of Iran.
TPO head: Value of nine-month exports to EAEU members up 48%

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