Global demand for oil could outdo the ten-year average in 2017 as the health of the world economy improves and demand for road transport continues to grow, OPEC's latest monthly report has…

Iranian zinc smelting plants use only 150,000 tons of their 450,000-ton production capacity, the head of Iran Lead and Zinc Exporters Association said.

Iran Mercantile Exchange started listing saffron for trading using commodity-linked certificates of deposit in Khorasan Razavi Province on Sunday.

The first saffron trade transaction took…

There is no denying that a large portion of the Iranian economy, if not all of it, is steered by the government. 

And the private sector, touted as the voice of free market…

Some 160,000 tons of sweet almond valued at close to $1 billion are produced in Iran every year, of which 4,000 to 5,000 tons worth $25 million are exported to 26 countries, including Turkey,…

The Russian planemaker Sukhoi Civil Aircraft Company is trying to obtain a license from the US Treasury Department’s Office of Foreign Assets Control to sell its Super Jet 100 aircraft to Iran,…

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in the Iraqi capital on Monday to open the third exclusive exhibition of Iran in Baghdad International Fairground.

An economic delegation from South Korea is scheduled to arrive in Tehran on February 22, Iran Chamber of Commerce, Industries, Mines and Agriculture has announced on its news website.

Iran and Sweden signed a memorandum of understanding to boost road transportation in Tehran on Sunday.

Based on the MoU, the two sides have agreed to increase the number of transit trucks…

Around 1,000 workers have found employment overseas since the beginning of the current Iranian year (March 2016), according to Mohammad Akbarnia with the Ministry of Cooperatives, Labor and Social…

Iranian urban life in the modern era is aching for a revision of procedures and line of thinking, said the minister of roads and urban development. 

The Norwegian economy is developing in line with the government’s forecasts, Prime Minister Erna Solberg told Reuters on Monday. The government in October predicted a gradual recovery in economic…

Pakistan, which has for the first time completed all reform steps of the International Monetary Fund, is back on track to attain macro-economic stability and aims a GDP growth of 5.5% this year,…

Turkey’s yearend overall current account deficit is forecast at $33.1 billion, a group of economists said. A panel of 15 experts questioned by Anadolu Agency predicted an average $4.3 billion…

A new and deadly form of protectionism is being considered by United States leaders, and it could have devastating effects on the exports and investments of developing countries, as well as…

A study commissioned by Greenpeace has found out that China massively expanded its steelmaking capacities last year, despite pledging to cut output amid a steel glut that has led to a global…

The UK economy will slow down sharply over the next couple of years says the European Commission. 

Its latest forecast says the UK economy will grow by just 1.5% this year and by 1.2%…

Greece’s ‘shadow economy’ ranks first in the world estimated at 21.5% of gross domestic product, a study by the Institute for Applied Economic Research at the University of Tubingen in Germany…

Sri Lanka has launched a tender to develop a gas block in the Mannar Basin off its northwest coast, vacated when Cairn India pulled out of an exploration project in 2015 as oil prices plunged,…

Iraq, OPEC's second-largest producer, plans to cut crude exports from its southern port of Basra to 3.013 million barrels per day in March, the lowest since August, a loading program obtained by…

Iran has made inroads in its oil and gas exploration sector with discoveries of 13 oil and gas reservoirs over the past three years, says the head of exploration department at the National Iranian…

The National Iranian Oil Refining and Distribution Company is in talks with European and Asian companies to use their expertise in reducing mazut production and increasing output of fuels with…

The development of wastewater treatment plants in and around Tehran requires €300 million ($318 million), said Mohammad Parvaresh, the managing director of Tehran Province Water and Wastewater…

Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world markets.

The kingdom reported that it…

Major European oil companies need Brent prices of $50-60 a barrel for cash flow to break even in 2017, according to Fitch Ratings' analysis.