The Central Bank of Iran has updated its regulations regarding the operation of bureaux de change, banning currency forward deals by individuals and companies. CBI requires forex operations to be…
Greece defied EU and US pressure last month to reapply sanctions on the Iranian bank Saderat, the first sign of dissent inside the European Union on Iran, media claimed on Tuesday.
As…
The global oil market should be balanced early next year, the president of Saudi Aramco said on Tuesday, after oversupply drove prices to multi-year lows in 2016. "The gap between supply and…
Major western energy companies are in talks to invest in Iran's petrochemical projects based on current feedstock prices, Marzieh Shahdaei, the head of National Petrochemical Company said,…
Iraq's debt to Iran for electricity imports has reached $1 billion, deputy energy minister said on Wednesday.
“Although plans had been made to help Iraq settle its massive debts by monthly…
As Iranian oil returns diminish, Scotland's businesses look for new opportunities through energy connections.
Scottish businesses are preparing to increase links with Iranian companies in…
Iran boosted crude oil exports by 240, 000 barrels per day last month to 2.4 million bpd, a new high after the lifting of sanctions in January, Oil Minister Bijan Namdar Zanganeh said.
“…
The world's top oil companies are joining forces to create an investment fund to develop technologies to promote renewable energy, as they seek an active role in the fight against global warming,…
Iran will turn into a gasoline exporter by October 2017, when its giant Persian Gulf Star Refinery in the southern port city of Bandar Abbas comes on stream, the managing director of the National…
Iran’s asphalt production exceeds domestic demand by more than 115 million tons, said the head of Iran Road Maintenance and Transportation Organization, Davoud Keshavarzian, at the Eighth Bitumen…
Iran is ranked 120th among 190 economies in the World Bank’s Ease of Doing Business ranking, down three notches from its 117th place last year.
One major factor placing the country so low…
Tehran Stock Exchange’s main index inched up 11.70 points or 0.01% to end Wednesday trade at 79,670.9.
This comes as the TEDPIX surged over 1,000 points or 1.31% to 80,340.70 points on…
Japan Steel Works Ltd. sees significant potential in the Iranian extrusion market with the lifting of nuclear sanctions on the country and plans a seminar there in early 2017 to kick off its…
UK inflation is set to quadruple to about 4% in the second half of 2017, according to a think tank estimate.
The rise in prices will “accelerate rapidly” during next year due to the fall in…
The latest survey of business prospects by the Confederation of Finnish Industries EK indicates that companies do not expect any fundamental changes in economic conditions in the country over the…
With voters set to choose a new president and Congress in six days, the Federal Reserve will likely keep a low profile when it ends a meeting Wednesday to try to ensure it doesn’t become part of…
S&P Global Ratings on Wednesday has retained India’s ratings at ‘BBB-’ with a stable outlook and ruled out any upgrade in two years citing weak public finances, Zeebiz reported. “We are…
Singapore’s manufacturing sector stayed in expansionary territory in October, albeit just barely. The latest reading of the Purchasing Managers’ Index stood at 50, marking the second month of…
In figures released from January to October of this year, Brazil registered a $38.5 billion trade surplus.
If Donald Trump or Hillary Clinton impose anti-trade policies, the US and global economy would face a “catastrophe”, putting the president out of office four years later, the head of the World…
Egypt is offering shippers using the Suez Canal discounted fees as the government scrambles to raise $6 billion it needs to unlock an IMF loan twice the size.
Cairo is negotiating a $12…
Iran’s air defense base possesses advanced gear that enables it to detect and act against threats well before they can approach the country’s airspace, a top commander said.
Algerian Prime Minister Abdelmalek Sellal plans to pay an official visit to Tehran in the near future.
During Sellal’s visit, a number of agreements will be signed between the two countries…
Iranian lawmakers highlighted the benefits of the country's possible accession to Shanghai Cooperation Organization.
"This international economic organization enjoys a high global status…
Iran only supports the government in neighboring Afghanistan and would never cooperate with those who threaten peace there, said a lawmaker, rejecting claims by the Taliban group that it has "…
