Tehran Stock Exchange’s main index TEDPIX shed 741 points or 0.9% in the Iranian month of Dey (December 21-January 19) to end at 79,382. The over-the-counter Iran Fara Bourse’s main index, IFX,…

Finland’s Outotec has agreed with National Iranian Copper Industries Company on the delivery of two sulfuric acid plants for the Sarcheshmeh and Khatounabad copper smelters in Iran’s Kerman…

In the budget bill for the upcoming Iranian year (to start March 21, 2017), the government has earmarked 300 trillion rials ($7.5 billion at market exchange rate) for the completion of unfinished…

A year has passed since Iran’s nuclear accord was implemented, but a number of business community representatives are of the belief that there is still a long way to go until things normalize.

The Central Bank of Iran will be in charge of paying the salary of civil servants from the start of the next Iranian year (starting March 21, 2017).

Rahmatollah Akrami, deputy minister of…

The Korea Trade Insurance Corporation announced on January 19 that it succeeded in collecting €97 million for the MAPNA project in Iran. In the power plant construction project, Doosan Heavy…

Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price…

Brazil plans to hold two subsalt oil auctions in 2017, putting new exploration areas up for bidding in November for what should be the most competitive round of the year, Oil Secretary Marcio…

The launch of the Persian Gulf Star Refinery (PGSR) in south Iran will significantly increase the number of cities that receive Euro-4 quality gasoline, a senior official said.

Iran slightly boosted its crude production last month ahead of a supply-cut deal that came into force on Jan. 1, OPEC said in its monthly report this week.

A 230/63-kilovolt power substation went on stream in the southeastern province of Sistan-Baluchistan last week in the framework of plans to boost electricity exports to Pakistan,

According…

The oil output cut deal last year between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries will stabilize the oil industry and the global economy, providing short-,…

China’s economy, the world’s second largest, grew 6.7% year on year in 2016, the slowest pace of growth in 26 years but still within the government’s target range set for the year, official data…

Zimbabwe’s tax agency missed revenue target for 2016 by 4% after collecting $3.4 billion against a target of $3.6 billion due to poor performance of the economy, Xinhua reported. The $3.4 billion…

The global rating agency kept the sovereign foreign currency credit rating at ‘AA’, local currency rating at ‘AA+’, and short-term rating at ‘A-1’, with a stable outlook, saying the nation…

Japan will seek to achieve a balanced economic expansion by setting in motion a virtuous cycle of growth and distribution, Finance Minister Taro Aso said Friday, as he called for swift Diet…

With oil at $40 per barrel, last year Russia had a current account surplus and a small budget deficit, which points to the fact that the country’s economy has adapted well not only to the low oil…

The Philippine central bank is tightening its surveillance of money-remittance firms to ensure they would not be used to launder dirty money and facilitate terrorist financing.

With monetary policy still modestly accommodative, the US central bank should continue to raise interest rates slowly to keep jobs plentiful and inflation low, Federal Reserve Chair Janet Yellen…

UK retail sales fell at the fastest pace in almost five years in December as rising prices saw consumers buy less of everything from household goods to clothing and food, Bloomberg reported. The…

Egypt’s revenues from Suez Canal trade slumped in December to register $414.4 million compared to $429.2 million for the same period in the previous year, according to data from the Suez Canal…

Morocco’s annual consumer price inflation eased to 1.6% in December from 1.9% in November due to a slowing in non-food price rises, the High Planning Authority said on Friday, Reuters reported.…

Taiwan’s Ministry of Economic Affairs approved 3,414 foreign direct investment projects (except from China) with a total value of $11.037 billion in 2016, respectively decreasing 9.90% and…

European Central Bank President Mario Draghi Thursday announced the institution’s monetary policy would remain unchanged and asked for more patience as the economic recovery continues. 

Business confidence in the Middle East Arab countries (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman) remained subdued in Q4 2016, with 51% of firms reporting that they…