Online retail sales in the US on Black Friday will surpass $3 billion for the first time, including a record $1.1 billion from smartphones and tablets, according to data released by Adobe, which…
South Korea’s central bank said it will reduce the size of monetary stabilization bonds issuance in a move to help stabilize the local financial markets, Yonhap reported. The MSB is a unique…
Bahrain’s GDP growth will reportedly remain unchanged this year at 2.9%, according to a report by Institute of Chartered Accountants in England and Wales, DTnews reported. The report ‘Economic…
Brazil’s central government reported its first primary budget surplus in six months in October, thanks to an inflow of billions of dollars from an asset amnesty program.
The South American…
A new survey suggests Britain’s economic optimism is holding steady in the wake of the Brexit vote.
Figures from the Office for National Statistics show consumers and businesses increased…
US president-elect Donald Trump has long accused China of being a rogue state on the global economic stage. He has blasted the country for allegedly destroying huge numbers of American jobs with…
A new Emiratization initiative has been approved for the UAE’s banking sector and is scheduled to come into force in January, as the country looks to encourage more nationals into the private…
The pace of India’s real GDP growth is likely to come down to 6.5% in the current financial year on the likely impact of demonetization, while muted inflation might open room for additional rate…
Iran has become a major importer of corn from Ukraine as it bought over 250,000 tons of the crop in October – placing itself among the top three export markets for Ukrainian farmers, according to…
The government has bought 68,000 tons of soybeans from local farmers so far in the current fiscal year (started in March), and it is estimated that purchases will reach 120,000 tons by the yearend…
The Rural Cooperative Organization of Iran, affiliated to the Ministry of Agriculture, will purchase 60,000 tons of oranges from farmers in Mazandaran to be stored for consumption during the…
Close to 132,000 tons of bananas worth $101.5 million were imported during the seven months to October 21, registering over 63% decline both in weight and value, Eranico reported.
A memorandum of understanding to enhance cooperation was signed between the Trade Promotion Organization of Iran and the International Trade Center on the sidelines of 11th Trade Promotion…
For the first time in Iran, Sirjan Nano Yarn and Granule Company is producing industrial yarn and granule using nanotechnology, according to the managing director of the company Babak Shayesteh,…
Non-oil trade during the eight months to November 20 stood at $55.5 billion.
According to the latest report released by the Islamic Republic of Iran Customs Administration, 81.76 million…
A two-day economic forum dubbed ‘Showcase Iran 2016’ will open in London on Monday to promote Iran’s investment opportunities among British investors.
Iran, Azerbaijan and Georgia are planning to start operating a long-delayed corridor that will carry cargo from the Black Sea – between Eastern/Southeastern Europe and West Asia – to the Persian…
Exxon Mobil, Anadarko Petroleum and their peers, along with big players in other industries, will face as many as 200 resolutions regarding climate change at their 2017 annual…
Saudi Arabia pulled out of planned talks with non-OPEC nations including Russia as disagreements about how to share the burden of supply cuts stood in the way of a deal to boost prices just days…
BP has reached an agreement with Italian oil company Eni to buy 10% of its Shorouk concession offshore Egypt, which includes the super-giant Zohr gas field, for $375 million. BP will also…
Iran and Algeria on Saturday discussed the details of a tentative OPEC accord which aims to cut the group's production to lift prices and ease global oversupply.
Iran is interested in energy cooperation with Japan, including water and wastewater and power plant projects, Energy Minister Hamid Chitchian said.
Chitchian made the statement in a meeting…
Talks are underway between Iran’s National Petrochemical Company and major Spanish consortium Sercobe to open a credit line to finance petrochemical projects in Iran, says the NPC’s head of…
Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied US efforts to topple him, died on Friday, his younger…
The 2nd ‘Iran Mines and Mining Industries Summit: Development and Investment’, otherwise known as IMIS, is scheduled to be held in Tehran December 10-11.
