The Central Bank of Iran (CBI) has approved a series of general rules governing the repurchase and reverse agreements (repo and reverse repo) as it continues enforcing the so-called open market operations (OMO) to control the flow of cash between the banks.
Iran approves rules for repo, reverse repo under OMO policies
Iran’s Ministry of Energy says monthly production of electricity from renewable sources exceeded four gigawatt hours (GWh) in late March 2020.
Iran’s monthly renewable output over 4 GWh in late March
Tehran’s Oil Refinery has launched a production line of chemical sanitizing liquid at a capacity of 4,000 liters per day, Managing Director of Tehran Oil Refinery Lotfollah Hangi said on Monday.
Tehran Oil Refinery produces sanitizing liquid to help fight COVID-19
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
Iranian authorities say Saudi Arabia should do more to help fight a locust plague that could threat crops and food security in the Middle East and North Africa region.
Iran fiercely fighting locust, urges more action from Saudi Arabia
Iran’s Ministry of Industry says nearly 1,200 ailing or closed factories were revived over the past calendar year (ended March 19) as the government seeks to diversify the economy away from oil and create more jobs in the country.
Nearly 1,200 Iranian factories revived in one year
Iranian airlines have canceled nearly 90 percent of their flights planned for a holiday season after the novel coronavirus pandemic caused many travelers to stay home.
Coronavirus pandemic grounds 90% of Iranian flights at peak season
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said the CBI is making all-out efforts to provide funds for the purchase of medicines and medical equipment needed for the battle against the coronavirus outbreak amid the cruel US sanctions.
Efforts for unfreezing Iran’s assets, getting loan from IMF on positive track: Official
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

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