Business

24 Apr 2023; MEMO: The Israeli government is gripped by a sense of disappointment after the ongoing rapprochement between Iran and several Arab countries, and efforts to set aside disputes in favour of returning relations to normalcy.

24 Apr 2023; MEMO: Russia's oil output this year is on course to top 480 million tonnes, or about 9.6 million barrels per day (bpd), a Russian government source familiar with the data told Reuters.

The figure, which excludes gas condensate, is in line with Russia's pledge to cut production by 500,000 bpd to 9.5 million bpd from March until year-end, according to Reuters calculations and the source.

Tehran, IRNA – The e-commerce commodities account for more than 70 percent of postal traffic in Iran nowadays, an Iranian official said.

Mohammad-Reza Ghaderi, the secretary of the scientific committee of the first edition of the international POSTEXPO, said on Monday that those active in e-commerce, are well aware that over 70 percent of postal traffic is allocated to e-commerce commodities, so the main duty of the post company is to provide e-commerce services.

Tehran, IRNA – Minister of Roads and Urban Development of Iran Mehrdad Bazrpash has announced that the Saudi Civil Aviation Authority officially called on its Iranian counterpart to establish three weekly flights besides Hajj pilgrimage airlifts between the Saudi Arabia and Iran.

Tehran, IRNA – Diplomatic relations between Iran and Russia have grown to a new level in recent months as senior officials from the two countries shuttle between the Tehran and Moscow to hold talks and explore ways to further expand bilateral economic and political cooperation.

Iranian-Russian relations are of major significance especially considering the current geopolitical situation in the region and in the world.

23 Apr 2023; MEMO: Russia will increase its pipeline gas supplies to China by "almost 50%" this year, according to Deputy Prime Minister Alexander Novak, Anadolu reports.

Russia's oil, gas and coal supplies to China increased last year, Novak told news channel Rossiya-1 in an interview aired on Sunday.

Tehran (ISNA) – Iran and Venezuela have signed new oil cooperation documents and memorandums of understanding in the fields of development of oil and gas fields, reconstruction of refineries and petrochemical complexes, and oil trade.

Iran’s Oil Minister Javad Owji, who has traveled to Caracas to enhance bilateral cooperation with Venezuela in the downstream and upstream sectors of oil industry, met with Venezuela's Vice President Delcy Rodríguez and Oil Minister Pedro Rafael Tellechea, during which they signed these documents and MoUs.

22 Apr 2023; MEMO: Ukraine's prospects of unblocking grain shipments to Eastern Europe improved on Friday as Romania opted against a unilateral ban on food imports, but there was no progress on extending a deal on Black Sea exports, Reuters reports.

22 Apr 2023; MEMO: In a Friday phone call, Russian President, Vladimir Putin, and Saudi Crown Prince, Mohammed bin Salman Al Saud, discussed efforts to resolve crises in the Middle East, Anadolu News Agency reports.

The phone call came just days after Saudi Foreign Minister, Faisal bin Farhan Al Saud visited Syria for the first time in more than a decade.

Kolkata, Apr 22 (PTI) West Bengal could soon become the highest-contributing market to direct selling revenue in the country, surpassing Maharashtra, a senior official of a leading industry body said.

West Bengal has performed “consistently well” as a market for direct selling in India, and once again emerged as the second-highest revenue-grossing state, accounting for 10.4 per cent of the national sales, he said.