Islamic Republic of Iran’s crude oil production hit 3.8 million barrels per day (bpd) in May, it was reported on Wednesday.
OPEC: Iran oil production hit 3.8m bpd in May
Sections of the UK car industry face extinction unless the UK stays in the EU customs union, the president of the CBI has said.
CBI chief: 'Car firms face Brexit extinction'
India's retail inflation rate accelerated to a four-month high of 4.87 percent in May, government data showed, driven by higher fuel prices and a depreciating rupee.
India's retail inflation accelerates to 4.87% in May
Germany’s economic upswing remains strong despite the threat of protectionist US trade policies and the government should use its budget surplus to increase investment to help to reduce its large current account surplus, the OECD said.
OECD: German upswing remains robust despite US tariff threat
Zimbabwe and China signed a $1-billion Memorandum of understanding (MoU) for establishing a steel plant that can produce up to two million tons of steel per annum.
Zimbabwe, China sign $1b MoU for setting up steel plant
Experts from the Caspian states will meet in Astana on June 18-19 to discuss the texts of agreements on transportation and trade prior to the upcoming summit of heads of Caspian states which is scheduled to be held in Aktau, Kazakhstan in August.
Caspian states to discuss transport, trade deals
An Armenian delegation is due in Tehran next week for negotiations on new prices and an increase of Iran's gas exports to Armenia.
Armenian energy delegation to discuss gas issues in Iran
Iran will issue bonds in the coming months to fund oil industry projects, said the head of Securities and Exchange Organization (SEO) on Tuesday, a month after the United States withdrew from a nuclear deal and said it would re-impose unilateral sanctions.
Iran to issue bonds for oil sector investment
Iran's saffron exports hit a 10-year high last year, with the highly-prized spice generating more than $325 million in hard currency revenues.
Iran's saffron exports hit 10-year high
Iran is to become self-sufficient in wheat production this year and there is no need to import the strategic produce, said an advisor to the minister of agriculture of Iran on Tuesday.
Iran not in need of wheat import

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