Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut…
Mobarakeh Steel Company produced 3.74 million tons of crude steel during the eight months to November 21, registering a 7% rise compared with last year’s corresponding period, the company’s public…
Iran’s Mines and Mining Industries Development and Renovation Organization is looking to build on last year’s successful conference with a second event.
Last year’s conference in…
Bitzer, one of the leading companies in the area of refrigeration and air conditioning technology officially launched a subsidiary in Iran on Monday.
The German firm’s compressors…
A major pharmaceutical holding will go public by the end of this month, as part of a push to dampen the effect of upcoming corrections for equities.
Barkat Pharmed Co. was listed as Tehran…
Tehran Stock Exchange’s main index gained 17.50 points or 0.02% to end Monday trade at 80,081.2.
More than 1 billion shares valued at $68 million changed hands for the day.
Iranian…
Slapping duties on decorative stone exports will prevent the sector from growing and realizing its expansion goals, said a member of Iran Mine House on Sunday.
Former deputy of Islamic Republic of Iran Railways, Saeed Mohammadzadeh, has been appointed as the new head of the state-owned rail company, to replace Mohsen Pourseyyed-Aqaei who resigned in the…
Fitch Ratings’ outlook for the Chinese banking sector in 2017 is negative, saying that weak profitability and strong credit growth will keep capitalization under pressure. High and rising leverage…
Chile’s economy contracted for the first time in seven years in annual terms, as manufacturing and mining activity fell, potentially paving the way for the central bank to cut interest rates to…
Most stock markets in the Persian Gulf Arab countries (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman) fell on Monday as the mood on global exchange darkened because of…
Two years after the Swiss franc shock brought Switzerland to the brink of recession, Roland Goethe is still fighting for the future of the sheet metal company his grandfather set up 86 years ago…
The ESRI’s latest Economic Outlook for Ireland has forecast that the economy should grow by 3% every year until 2025, RTE reported. The think-tank said a crucial factor underpinning this growth is…
Russia’s services sector activity improved in November as the pace of job-shedding slowed, a Markit survey of purchasing managers showed Monday, Dow Jones reported. The headline Purchasing…
Malaysia is expected to report exports in October fell for the second month in a row, a Reuters poll showed, due to a higher base of comparison with last year and despite a recovery in commodity…
The Reserve Bank of India monetary policy committee is likely to consider a 25 bps rate cut on Wednesday, followed by another in the first quarter of 2017 amid downside risks to growth following…
A top Iranian Navy commander said the Islamic Republic will soon launch a new domestically-manufactured submarine.
"The Fateh [Conqueror] submarine with a 100% domestically-sourced…
Majlis Speaker Ali Larijani said conflicts that have turned some regional countries into hotbeds of terrorism need to be solved through political solutions, as they benefit no one, except the…
Spokesman for Majlis National Security and Foreign Policy Commission Hossein Naqavi Hosseini said Russia has delivered all parts of the S-300 air defense system to Iran, as both countries have…
Iran's nuclear chief used a meeting with his US counterpart, Ernest Moniz, on Sunday to reiterate Tehran's grievances about a US Congress bill that needs a presidential approval to reauthorize a…
Iran is ready for closer alignment with China, as the two sides have many common interests and a shared view on international developments.
Foreign Minister Mohammad Javad Zarif made the…
The first vice president said a recent bill passed by the US Senate to extend the Iran Sanctions Act shows Americans are not committed to international dialogue.
Iran's Deputy Foreign Minister for Arab and African Affairs Hossein Jaberi Ansari met his Russian counterpart, Mikhail Bogdanov, in Tehran on Monday as part of regular consultations between the…
Iran’s trade balance in the agriculture sector narrowed to minus $2.06 billion during the seven months of the current Iranian year (started March 20) from minus $2.2 billion for the corresponding…
Iran’s education sector is beset with many problems, shortage of funds being one of them.
Policymakers always justify their modest expenditure on education on the grounds that the…
