Rising food and transport costs, have made life difficult for many Zambians in recent months as the country feels the effects of a drop in demand for copper that has in turn left the economy…

Malta Central Bank report shows that economic activity is performing better than average in the last 16 years, the government said Saturday, Malta News Agency reported. For the fifth consecutive…

The Brazilian government is drafting a decree to allow 100% foreign ownership of local airlines, a transportation ministry spokesperson said, a move that could attract investors to a recession-…

Qatar’s inflation rate fell to 1.8% in December, the lowest mark in 2016, according to latest official figures, Arabian Business reported. Qatar’s Statistics Authority released the December…

According to data released by Spain’s Office of National Statistics, Spanish inflation jumped to a three-year high in December 2016. The annual change in the consumer price index reached 1.6% in…

Lars Heikensten, executive director of the Nobel Foundation, said he expects India’s share of the global economy to increase while commenting on the role of the country in the emerging world order…

Billet sellers from Iran are still able to find a buyer in the Persian Gulf states amid uncompetitive prices from China. At the same time, Iran’s offer levels have been kept relatively stable over…

The railroads of Iran and Azerbaijan will be connected in a month, according to Minister of Communications and Information Technology Mahmoud Vaezi.

The two country’s rail networks will…

The Iranian Parliament has projected a new duty on steel imports, likely to be effective from September this year, according to the ICANA news agency, which is affiliated to the parliament.

The Iranian government is considering whether to impose a 10% export duty on unprocessed iron ore, so as to promote the sale of value-added raw materials and steel products.

The measure…

Tehran Stock Exchange’s main index rose 254.20 points or 0.32% to end Saturday trade at 78,876.2.

More than one million shares valued at $72.3 million changed hands for the day.

Iran…

OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80% would be good…

Mexico's state-run oil company Petroleos Mexicanos has put a kids’ recreation park up for sale as it combs through its assets searching for property it can exchange for needed cash.

Condensate exports from Iran are set to fall 17% to a five-month low this month, a source with knowledge of Iran's preliminary tanker schedule said, as main buyer South Korea cuts purchases by…

The National Iranian Oil Company will reveal a second list of international companies approved to bid in the country’s oil and gas tenders, the deputy head of NIOC said on Saturday.

A tender for domestic and foreign companies will be announced to enhance the efficiency of gas-burning power plants, says Houshang Falahatian, the deputy energy minister for electricity and energy…

The price of Iran's crude oil eased off from its recent rally in the week to January 6, amid uncertainties on whether a planned supply cut by OPEC and non-OPEC countries would be enough to lift…

Essar Oil, a key Indian buyer of Iranian crude, imported 23% less oil from Tehran in December compared with the previous month, ship tracking data made available to Reuters show. The private…

Inflation in Central Europe rebounded in December to multi-year highs, in a turnaround likely to continue this year on rising oil prices, a jump in wages and loose fiscal policies.

Economic growth in the Middle East and North Africa is set to accelerate through 2018 following the bottoming out of oil prices in 2016 with all (Persian) Gulf Cooperation Council Arab countries…

Peru’s economy probably grew “somewhat under” 4% in all of 2016 and it is “highly likely” that November’s year-on-year monthly expansion was above 3%, central bank economist Adrian Armas said.

US President Barack Obama’s administration has launched a new complaint against Chinese aluminum subsidies at the World Trade Organization, accusing Beijing of artificially expanding its global…

Moody’s Corp. agreed to pay almost $864 million to resolve a multiyear US investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond…

Russia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said.

Russia is party to a joint agreement…

Bulgaria’s unemployment rate edged up to 8% in December from 7.9% a month earlier, but improved by 2.0 percentage points from a year ago as the economy grew and businesses created more jobs, the…