The total economic impact of violence on the world economy in 2015 was estimated to be $13.6 trillion, according to a recent report endorsed by the World Economic Forum, which particularly…

Eurozone finance ministers failed to bridge deep divisions with the IMF over Greece’s bailout on Thursday, reaching no agreement on debt relief.

The International Monetary Fund and the 19-…

Switzerland’s UBS bank’s fourth-quarter net profit fell from the equivalent period in 2015 but still surpassed analyst expectations with the bank on Friday blaming macroeconomics and geopolitics…

Some segments of the Singapore economy are finally beginning to look brighter this year but it seems the labor market has yet to receive the memo, NewsNow reported. After a protracted period of…

China’s escalating crackdown on capital outflows is sending shudders through property markets around the world.

After almost five years of negative interest rates, Danish households are richer than ever. With more cash than they know what to do with, households are stuffing their banks full of deposits. The…

Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for $3 billion, banking sources said, marking a milestone in its drive…

Surging debt dogged the world’s largest oil companies during the downfall of crude prices. Now, sweeping cost cuts and rising prices have combined to lessen the need to borrow.

Since prices…

Iran, which must pay Turkey $1.9 billion in compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015, will offer discount on future gas supplies to clear the…

Iran's monthly oil exports are set to climb slightly in February, as Indonesia takes its first shipment since sanctions on Tehran were lifted last year, a person with knowledge of Iran's tanker…

Iraq signed a billion-dollar deal on Thursday with US firm General Electric for the construction of two power plants aimed at easing the country's long-running electricity woes, the prime minister…

Energy Minister Hamid Chitchian on Thursday broke ground on a 890 megawatt combined cycle power plant (CCPP) project in Khorramabad, Lorestan Province. The project is in line with government moves…

The National Iranian Tanker Company has signed deals with a growing number of European companies for leasing its oil vessels, says Sirous Kianersi, NITC's managing director.

"We have signed…

The National Iranian Oil Company sold its first cargo of gas condensates from South Pars Phases 20 and 21 to Japan, said the managing director of Iran's Oil Terminal Company (IOTC). “A Japanese…

Iranian actress Taraneh Alidoosti, a co-star in the Iranian film 'The Salesman', an official nomination in the Best Foreign Language Film category in the 2017 Academy Award, said Thursday that she…

A book on Iranian art and architecture, titled 'Les Coupoles Persanes', (in English 'Persian Cupolas: the Art of Skies and the Earth') by a French author has been published in France.

The 35th Fajr International Theater Festival is underway in Tehran and seven other provincial centers with performances from local and international groups.

A total of 14 plays were staged…

The documentary film 'Pale Blue', a work by director, producer and screenwriter Arash Lahooti will open the 35th edition of Fajr Film Festival on January 29 at Tehran Milad Tower.

Iran has become the fourth country to join the fold of elite heavy isotope producers after signing s deal with Moscow to convert the Fordo uranium enrichment plant into a production facility for…

Deputy Foreign Minister for Asia-Pacific Affairs Ebrahim Rahimpour met Azeri Foreign Minister Elmar Mammadyarov in Baku on Thursday.

A lawmaker denounced US President Donald Trump’s proposed temporary ban on most refugees and a suspension of visas for citizens of seven Muslim nations, including Iran, as evocative of…

Dan Smith, director of the Stockholm International Peace Research Institute, said Europe may "concede" to the US over such issues as climate change and the 2015 nuclear deal between Tehran and…

A high-ranking Pakistani official said his country attaches high importance to its relations with “the brotherly Muslim country of Iran”, with which it has “fruitful cooperation in diverse…

Damascus and Tehran reaffirmed their support for a countrywide cessation of hostilities, which has been holding in Syria for almost a month now.

The Islamic Revolution Guards Corps Aerospace Force plans to hold a large-scale air defense exercise in the near future, commander of the force announced. Addressing a cultural event in Tehran on…