The International Monetary Fund has forecast that the inflation rate in Indonesia could reach 4.5% this year owing to an electricity subsidy cut and recovery in commodity prices.

Russia’s central bank kept its key rate unchanged and suggested it would hold off cutting borrowing costs for now in the face of external political and economic uncertainty.

The…

The European Union announced that it has launched a €44 billion ($47.46 billion) Africa Economic Development Fund aimed at helping Nigeria and other African countries drive economic growth and…

Survey data published this week seems to show economic momentum in the UK moving away from consumption-led growth and towards manufacturing.

Growth in the country’s dominant services sector…

The International Monetary Fund advised Turkey to tighten monetary policy to address sharp lira depreciation, contain high inflation, and counteract intensifying external pressures.

…

The Aerospace Division of the Islamic Revolution Guards Corps launched the main phase of a major military exercise in the north-central Iranian province of Semnan.

The main stage of the…

US Defense Secretary James Mattis said on Saturday he was not considering hiking the number of US forces in the Middle East to address Iran's "misbehavior" at this time, but asserted that the…

Instead of tearing up the Iran nuclear deal, the new US administration is exploring how to tighten its enforcement and renegotiate key terms, but it may prove impossible to get other major powers…

The Iranian ambassador to Kuwait dismissed as “untrue” media reports, which claimed that the Arab country has imposed a visa ban on five Muslim countries, including Iran.

The Expediency Council convened on Saturday for the first time after the demise of the late chairman of the key clerical body, Ayatollah Akbar Hashemi Rafsanjani. The council resolves disputes…

Iran's Foreign Ministry dismissed as hackneyed and groundless the recent claims by Saudi Arabia against the Islamic Republic, saying the heavy blows Riyadh has suffered in Yemen are the reason for…

Iran intends to impose restrictions on US individuals and entities backing regional terrorist groups, in retaliation for fresh US sanctions against more than two dozen Iranian nationals and…

China's installed photovoltaic (PV) capacity more than doubled last year, turning the country into the world's biggest producer of solar energy by capacity, the National Energy Administration (NEA…

Energy Minister Hamid Chitchian on Saturday launched two 7 megawatt solar power plants in Hamedan Province, 330 kilometers west of Tehran.

"The renewable industry in Iran is among the…

OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal.

The Organization of Petroleum Exporting Countries…

The chief executive of Phillips 66 said on Friday he expects the controversial Dakota Access Pipeline to start operations in the second quarter, even though the project - which has sparked…

Despite the enforcement of new US sanctions against Iranian individuals and entities,  negotiations are underway with major European firms from France and Germany on developing the key…

The lifting of international sanctions last year has allowed Iran to receive billions of dollars in blocked oil revenues, but the country has yet to collect €4.5 billion ($4.85 billion) for the…

French construction company Vinci SA has agreed to develop Mashhad International Airport after representatives of the company visited the Iranian airport and held talks with its officials, the…

A 20-member Indian trade delegation visited Iran from January 28-30 to promote export of rice since Iran is one of the largest importers of Basmati rice from India.

According to Indian…

Cigarette production in Iran is estimated to reach 45 billion in the current Iranian year (ending March 20, 2017), up 50% compared with last year, the head of Tobacco Planning and Supervision…

Malaysia’s Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong will lead the economic and technical missions on palm oil, timber and rubber products to Iran and India from…

Iran’s working-age population, i.e. people over 10, stood at 65.3 million in the last Iranian year (ended March 19, 2016), registering a 15% increase compared to a decade ago when it was 56.8…

High-tech road cameras are being installed in Iran’s main transit routes for recording the weight of commercial vehicles to fight smuggling, says the Anti-Smuggling Organization’s Spokesman Qasem…

Boeing’s $8 billion deal to sell 80 jets to Iran Air was already in trouble before President Donald Trump took office. Now it’s even more in doubt.

And that could mean trouble for American…