With non-OPEC producers poised to grow again, OPEC will need to increase oil output by just 2.2 million barrels per day to meet global incremental oil demand of about 5.5 million bpd in 2017-22,…

State oil giant Saudi Aramco said on Saturday it had contained a “limited” oil leak from one of its pipelines near Abqaiq that had caused the death of a contractor and injured three other people,…

Tehran Stock Exchange’s main index gained 59.50 points or 0.08% to end Sunday trade at 77,658.6.

About 712 million shares valued at $40 million changed hands for the day.

Azarbaijan…

Over 145% of the projected revenues for the Islamic Republic of Iran Customs Administration in the current Iranian year’s budget will be realized by the yearend, IRICA announced in a report. The…

The domestic steel market is currently grappling with a glut. Some cash-strapped producers have cut down on production to weather the storm, while many large-cap players carry on at full capacity…

Iranian producers managed to sell significant volumes of steel billet to foreign customers by offering discounts. 

The mills’ pricing may receive some support from the current market…

Iranian aviation company Aseman Airlines has entered into an agreement with Rolls Royce to purchase up to 100 aircraft engines, according to a statement from the country’s Ministry of Roads and…

South Africa, once a standout emerging market economy, is caught in the middle of a political hurricane that's adding impetus to a downward economic spiral.

The (Persian) Gulf Cooperation Council governments have been working hard to address the rising fiscal gap following the sustained decline in oil prices, but the problems persist and further…

Portugal’s economic activity indicator, for December 2016, and the economic climate indicator, for January of this year, improved on month according to figures from the National Statistics…

Country Director of World Bank for Pakistan, Patchamuthu Illangovan (Illango) Sunday said the World Bank would continue to support and assist reforms in various sectors of the economy as it…

Eurozone’s flash composite Purchasing Managers’ Index for February is expected to be released on Tuesday, Yahoo reported. This latest PMI data will be closely watched as it will be an important…

Foreign investors have received almost 15 trillion won ($13 billion) in dividends from South Korea’s top 10 conglomerates over the past three years on the back of shareholder-friendly policies,…

Spending across the economy has risen for a fourth straight month but has tapered off from the highs seen over the past two months, a survey by Australia’s largest lender shows.

Brexit and Donald Trump’s election as US president signify deep structural issues that cannot be resolved by curbs on migrants, imports or any quick fix. The elephant in the room is falling…

An analysis of major cities that rely on foreign inflows for real estate purchases have shown mixed trends on the fluctuation of the dollar, said a report by property experts.

China’s foreign-exchange reserves falling below $3 trillion doesn’t threaten its sovereign credit rating as the economy still has a healthy buffer, according to S&P Global Ratings.

Global banking regulators meeting in early March are not expected to reach agreement on capital requirements rules to keep lenders stable in a crisis, two people close to the talks said.

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European Central Bank board member Sabine Lautenschlaeger has said the ECB needs to wait to see if inflation stabilizes in its target zone of just under 2% before interest rates can be raised, but…

Egypt said preparations were underway for the launch of the first phase of the new $45 billion Capital City which will boast several key amenities such as a business and finance center, an…

Financial experts in Oman have welcomed the projected growth Oman is expected to see in 2018.

Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion economic stabilization package, according to a statement from the IMF on Sunday.

Tehran is hosting a spring exhibition for the direct supply of domestically-produced goods.

More than 350 domestic producers are offering their products at 10% to 30% discount, Mehr News…

Kyrgyzstan’s Minister of Agriculture, Food Security and Land Reclamation Nurbek Murashev is scheduled to meet with his Iranian counterpart Mahmoud Hojjati in Tehran today to survey ways of…

Some 1,000 industrial units operating in industrial parks across the country exported $1.7 billion worth of goods over the 11 months to February 18, the head of Small Industries and Industrial…