The bearish trend of gold price started on Thursday and continued on Friday, the first decrease after 5 weeks! However gold had the highest monthly price since August 2016. The latest survey about gold outlook in future by Kitco is shown in the picture. According to this investigation, Wall Street analysts are less optimistic about…
US with selling over USD22 trillion of bonds, not only is the biggest seller of bonds among countries but also set a new record with USD600 billion daily trading volumes of bonds! After US, UK is in the second place with USD200 billion of daily trading.
Europe is the superior continent in recycling. Recently a plastic producing firm in Germany declared that it has increased the usage rate of recycled raw materials to 68% which is the highest level in the world! Dow Chemical Company agreed with a chemical group in Netherlands in order to produce raw materials from recycled plastics…
Iran exports to Europe decreased 93% on the first half of 2019 in comparison with 2018 because of US sanctions against Iran. Therefore it is logical to concentrate on neighboring countries for export and import. Iran aimed to increase its export to USD50 billion to 15 neighboring countries in the next two years which was…
Peter David Schiff, CEO and chief global strategist of Euro Pacific Capital Inc. believed that US economy is approaching to a massive recession. He thinks that the cut of interest rates by Federal Reserve last month was a big mistake. “They never should have taken rates to zero in 2008 and held them there for…
The highest level of Iran exports in first half of 2019 was sent to Germany, Italy, Belgium, and Spain and the highest level of commodities was imported from Germany, Italy, Netherlands and France to Iran in this period. The value of commodity trading (import and export) between Iran and Europe is reported 2.6 billion Euro…
India’s oil and steel minister, Dharmendra Pradhan, visited Moscow and discussed for strengthening oil and gas production and keep the prices firm as oil importing countries are suffering from unstable rates, especially after US sanctions against Iran which extremely influence on India’s economy. The cost of oil import in India was reported 111.0 billion dollars…
Construction of the biggest global airport located in Dubai is stopped because of financial crisis. Building of Al Maktoum airport with an annual capacity of more than 250 million passengers is on hold and it will be opened 5 years later on 2025. Last year the economy growth rate of Emirate was reported lower than…
Volkswagen decided to invest 557 million dollar in one of its factories located in Brazil. Sao Paulo’s governor declared this news when he was visiting the Volkswagen firm in Germany. Sao Paulo is known as the main hub of car production in Brazil but during previous years its power in car production had reduced, encouraging…
Finally Iran is going to formally be added to Eurasian Economic Union (EAEU) on 27th October 2019. According to Russian media, Mehdi Sanaei, Iran’s ambassador to the country had attended a meeting with a senior EAEU official to finalize an agreement which will form a free trade zone between Iran and the regional union. Sanaei…
