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Neighboring Countries are the Target Market of Iran’s Commodities

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…

US Economy is heading toward Recession!

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…

India Asked Moscow to Convince OPEC Countries in order to Produce Enough oil at Firm Prices

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…