Captain Behnam Shirzad wears a broad smile as he walks into the hall where Iran Air is about to take delivery from Airbus of its first brand new aircraft in 23 years.

“It is fantastic,” he…

The Ministry of Roads and Urban Development has asked the government and parliament to deny the Islamic Republic of Iran Air Defense Force a share of Iran Airports Company’s revenues.

Iran Fara Bourse has attracted 5 trillion rials (about $125 million) in foreign investments since the Implementation Day, that is the removal of sanctions on January 16, 2016, following Iran’s…

The Ministry of Sports and Youth is banking on the private sector to help complete its under-construction sport infrastructures due to the government’s tight budget.

Sterling slid to three-month lows in Asia on Monday with investors again spooked by concern over Britain’s exit from the EU, while US policy uncertainty lingered ahead of president-elect Donald…

The real GDP growth in the (Persian) Gulf Cooperation Council states in 2017-18 is likely to remain weak by historical standards with an average of 1.6% and ranging from 0.7% for Saudi Arabia to 3…

The International Monetary Fund said Monday that it has cut its growth forecasts for Italy for 2017 and 2018, ANSA reported. It expects Italy’s GDP to rise 0.7% this year, down 0.2 of a percentage…

India’s wholesale price index inflation rose to 3.39% in December from 3.15% in November, the government data showed Monday, KNNIndia reported. Manufactured products inflation rose to 3.67% from 3…

The Bank of Japan will maintain its current monetary easing framework featuring yield curve controls as long as it needs to achieve its 2% inflation target, BoJ Gov. Haruhiko Kuroda said Monday,…

Markets have rallied since November on the expectation that Trump and the Republicans will quickly enact a growth-oriented economic agenda—including tax cuts, regulatory relief, and targeted…

Policymakers must reconsider their priorities and put significant improvements to people's living standards at the heart of their economic policies, according to the findings of the World Economic…

The worst is over for the Brazilian economy, which is likely to start growing in the first quarter of 2017 after two years of recession, Finance Minister Henrique Meirelles said in an interview…

A cargo plane has crashed near Kyrgyzstan’s capital, the press service of the Bishkek airport said on Monday.

The aircraft, on the flight from Istanbul to Bishkek, crashed several…

United States president-elect Donald Trump warned German car companies he would impose a border tax of 35% on vehicles imported to the US market, a plan that drew sharp rebukes from Berlin and hit…

Davy Stockbrokers have Monday predicted that Ireland’s GDP will grow by 3.7% in 2017. This is a minor downward revision from 4.0% previously but still likely to be the strongest growth across…

Britain ranks one of the worst advanced countries for employment opportunities, pay, living standards and social inclusion. That is according to the World Economic Forum, which released a major…

The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country’s finances increase the risk of a sharper slowdown…

Terming the current economic model of the world “deeply flawed”, a new study Monday said sustainable business plans can open up economic opportunities worth at least $12 trillion and generate up…

The European Central Bank will wait until late this year before considering reining in its bond-buying plan, and won’t halt the program until well into 2018 at the earliest, economists say.

Eight men now control as much wealth as the world’s poorest 3.6 billion people, according to a new report from Oxfam International.

The men—Bill Gates, Warren Buffett, Carlos Slim, Jeff…

A year ago, Iran opened to international business after almost a decade of economic isolation, following the lifting of nuclear-related sanctions.

Workplace accidents claim the lives of 1,500 people on a yearly basis, deputy roads and urban development minister, Hamed Mazaherian, said. “About 60% of worker deaths are attributed to accidents…

Between 25% and 30% of Iran’s agricultural machinery have been renewed or renovated since the beginning of Hassan Rouhani’s presidency in August 2013, according to an official with the Ministry of…

Deputy Roads and Urban Development Minister Amir Amini said Iran’s freeways will stretch out to more than 7,000 km by the end of the sixth five-year development plan (2016-21). According to Amini…

A groundbreaking ceremony for Caspian Pharmed, an Azerbaijan-Iran pharmaceutical plant, was held in Pirallahi Industrial Park in Baku on Monday.

Azerbaijani Minister of Economy Shahin…