US Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders.
Sweden’s economy expanded twice more than forecast in the second quarter, driving the krona higher as speculation grew that the central bank will raise interest rates later this year. But the…
Rising unemployment and government debt levels continue to be the main challenges for Saudi Arabia’s Vision 2030 economic plans, a new report issued by National Bank of Kuwait says.
Singapore’s services and manufacturing sectors both showed cautious optimism about business prospects for the second half of the year, according to separate findings released on Tuesday by the…
Although Nigeria returned to positive growth in the second quarter of 2017 after slipping into a recession in 2016, the latest Real Household Consumption and Government Consumption Expenditures…
The economic research arm of the Ministry of Economic Affairs and Finance has published a detailed analysis of taxation in housing sector, calling for levying capital gain tax to control the…
Iran's sovereign wealth fund entrusted $15 billion in foreign currency resources to state-run and private banks in the first four months of the current fiscal year (March 21-July 22).
International credit cards have found their way to one of Iran’s free trade zones, offering a credit of up to $100,000 to Iranian businessmen, an official with the Kish Free Trade Zone…
Foreign exchange rates in Tehran's unofficial market declined in a sign that the bull run has slowed, following the Central Bank of Iran's announcement that it will soon unveil a package of new…
Westminster Group PLC has made progress in implementing the contract for supplying security equipment at an airport in Iran. The $24 million contract was put on hold following the US withdrawal…
Some 4,600 industrial units are under construction in industrial parks across the country.
“These projects have made 70% progress on average,” Deputy Industries Minister Sadeq Najafi was…
Exports by the Islamic Revolution Mostazafan Foundation hit nearly $900 million (including revenues from tourism industry) in the last fiscal year (March 2017-18), registering a 45% rise…
The government of the Sultanate of Oman has agreed to offer an exclusive port to small Iranian ships to help speed up the transportation of cargo, especially fruits and vegetables, the chairman…
Stocks extended their four-day rally on Tuesday, as both Tehran Stock Exchange and Iran Fara Bourse registered their highest-ever single day growth.
TSE's main index TEDPIX surged 4,414.…
Chinese companies doing business with Iran can tap into a government trade organization to prepare for US sanctions that are set to take effect against Tehran next week.
India’s Ministry of Petroleum has announced that crude imports from Iran witnessed a massive jump this June in comparison to last year, disproving reports published by global research agencies…
Norwegian oil and gas operator DNO ASA said on Monday it had put a fourth well into production at the Peshkabir Oilfield in Iraq’s northern region of Kurdistan, exceeding its 30,000-bpd target…
OPEC oil output has risen this month to a 2018 high, as Persian Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group.
Musab Sari al-Mudaris, the spokesman for Iraq's Ministry of Electricity, has denied reports that he had told Bloomberg about an agreement to buy electricity from Saudi Arabia. He said the…
Employing 73 offshore and onshore rigs, the state-owned National Iranian Drilling Company has drilled over 69,377 meters of oil and gas wells nationwide between March 21 and July 23, NIDC's…
Following the US, Russia and Canada, Iran has one of the largest gas supply networks, the managing director of Iranian Gas Transmission Company said on Monday.
“The country has laid over…
The prospect of meeting a sizable share of electricity demand through renewables requires a stronger support by banking system, a senior energy official said.
"However, such a promise by…
Iran said on Tuesday US President Donald Trump was mistaken to expect Saudi Arabia and other oil producers to compensate for supply losses caused by US sanctions on Iran, after OPEC production…
Iran exported 18,023 tons of pastry worth $49.46 million during the first three months of the current Iranian year (March 21-June 21), the Islamic Republic of Iran Customs Administration’s…
Some 972 tons of silk cocoons have been produced in Iran so far in the current fiscal year (started March 21), registering a 15% growth compared with the similar period of last Year, the head of…
