Retail sales in Brazil fell for a second straight month in August even as supermarket sales firmed, government data showed on Tuesday, in another sign of weakness as the economy struggles to…
Russia’s budget deficit for January-September 2016 amounted to 1.576 trillion rubles ($25.09 billion) or 2.6% of GDP, according to the finance ministry, Tass reported. The federal budget deficit…
British inflation recorded its biggest jump in two years last month, setting the tone for a steep rise in prices over the coming year as sterling’s post-Brexit plunge squeezes household finances,…
Canadian manufacturing sales in August jumped much more than expected on widespread strength, reinforcing expectations that broad economic growth rebounded in the third quarter, Reuters reported.…
Australia’s prospects for maintaining economic growth that will stimulate job creation and eventually higher wages and inflation are “reasonable,” the central bank said.
Kenya’s debt burden has soared to Sh3 trillion ($29.6 billion)–and it is growing rapidly as fears of more taxation for Kenyans increase.
In a period of six months this year, the Jubilee…
Saudi Arabia has had a tough time weathering the crash in oil prices. GDP growth which was 10% in 2011, slumped to just 2.7% by 2013. Although it has marginally improved to around 3.5% by 2015, it…
Asian markets climbed on Tuesday as mixed readings on the US economy and comments from a top Federal Reserve official raised expectations that US interest rate rises would be gradual.
Managing Director of Ports and Maritime Organization of Iran Mohammad Saeed-Nejad said the government earns $16-17 billion from marine industry every year. “Latest figures show the marine economy…
Esfahan Steel Company has launched its long-delayed rail manufacturing line, as many criticize the government for the import of rail tracks over perceived damage to the fledgling homegrown…
Khouzestan Steel Company, the largest Iranian semis producer, keeps enhancing its positions in the Far Eastern slab market.
Over the past few weeks, the supplier has managed to sign several…
Tehran Stock Exchange’s main index gained 142.30 points or 0.18% to end Tuesday trade at 77,849.5.
More than 858 million shares valued at $60.5 million changed hands for the day.
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With the first development phase of Kish South Kaveh Steel Company going on stream, domestic crude steel production capacity has reached 31 million tons per annum, Minister of Industries, Mining…
German Transport Minister Alexander Dobrindt will travel to Iran with a trade delegation on Friday to meet Abbas Akhoundi and Mohammad Reza Nematzadeh, Iranian ministers of roads and industries…
The Central Bank of Iran's figures show the government’s tax revenues increased by 25% in the first five months of the current Iranian year (started March 20) compared with last year's…
The International Exhibition and Convention Center of Anzali Free Zone in the northern Gilan Province is hosting the First Exhibition of Livestock, Poultry, Aquaculture, Dairy Products,…
Iran Shipbuilding and Offshore Industries Complex delivered the new Iran-Kashan container ship to the Islamic Republic of Iran Shipping Lines in Bandar Abbas on Tuesday. The vessel, which travels…
Tehran hosts a meeting of customs directors from the Economic Cooperation Organization on Wednesday, which will discuss ways of promoting cooperation, facilitating trade and fighting smuggling.
Iran exported 4.3 million tons of non-oil goods worth $1.4 billion to India during the first half of the current Iranian year (started March 20), registering a 5% increase over the similar period…
The 18th Marine Industries Conference and Iran International Maritime and Offshore Technologies Exhibition, otherwise known as IRANIMEX 2016, opened in Kish Free Trade Zone on Tuesday.
Natural gas has been discovered in a part of the North Sea—an area that up until now, had slim chances of containing reserves.
Officials from Saudi Arabia say oil at $50 to $60 a barrel would ensure adequate global supply, setting out a potential price band for the producer club before its meeting in Vienna next month.
Kuwait's finance minister and acting oil minister, Anas al-Saleh, said on Tuesday he was optimistic that an understanding on production "at least" would be reached between producers at an OPEC…
A group of Italian investors has voiced interest in financing a development project in Jam Petrochemical Complex (JPC) in the southern Bushehr Province.
According to Shana, an Italian…
Iran's October crude and condensate exports are set to hold near five-year highs seen in September, a source with knowledge of its preliminary tanker schedule said, reflecting Tehran's success in…
