In line with plans to develop Iran’s oil and gas fields, high-ranking officials of Poland’s state-run gas company PGNiG are expected to meet the National Iranian South Oil Company in February to…

US crude stocks rose last week, along with gasoline inventories and distillate inventories, data from industry group the American Petroleum Institute showed on Tuesday. Crude inventories rose by 1…

Iran can boost oil revenues from its oilfields by billions of dollars using enhanced recovery methods, Gholamreza Manouchehri, the deputy for engineering and development at the National Iranian…

The UAE announced plans to invest $163 billion in projects to generate half of the nation’s power needs from renewables.

The oil producing state is hoping to get close to this by 2050 and…

Iran, a country flush with oil and gas deposits, supplies less than 1% of its total electricity demand from renewable sources.

“The share of renewables in Iran’s energy basket is 240…

Tehran Stock Exchange’s main index gained 12.50 points or 0.02% to end Wednesday trade at 78,622.

About 783 million shares valued at $29.7 million changed hands for the day.

Bafgh…

Annual premiums for 2017-delivery refined lead in Asia have softened compared with the year before as a result of an uptick in Iranian exports of the metal.

Premiums for 99.97% purity lead…

The government of US president-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any reinstatement of sanctions will, if at all, pose minimal…

Maersk Line has expanded its footprint in Iran by adding a second port of call less than three months after it resumed services to the country following the lifting of sanctions imposed…

Despite challenging market conditions, Iran’s billet and longs producer Khorasan Steel Complex managed to significantly increase sales volumes over the first nine months of the current Iranian…

The British pound fell to fresh lows on Wednesday, sparking a flurry of activity at the country’s exchange houses as UK expatriates rushed to send cash home, Arabian Business reported. The British…

Romania’s economy is set to grow by 3.7% in 2017, by 3.4% in 2018 and by 3.2% in 2019, estimates the World Bank in the report regarding the World Economy Perspectives, Business Review reported.…

Business confidence in South Africa was steady in December from the prior month, with export and import volumes and the value of building plans improving, a survey showed on Wednesday, Reuters…

Chinese outbound foreign direct investment soared to a record high in 2016 to reach nearly $200 billion, a report said Wednesday.

The European Union continues to be the favorite destination…

The European currency may cease to exist in 10 years without significant economic reforms, mainly by France and Germany, according to French presidential candidate and former economy minister…

Populism and increasingly divided societies top the list of global risks compiled in a report ahead of the World Economic Forum’s 2017 gathering in Davos, Switzerland, from January 17-20, as an…

According to the Business and Consumer Surveys conducted by the Economics Research Center of the University of Cyprus, the Services Confidence Indicator rose due to firms’ more positive…

US president-elect Donald Trump’s tax cuts and spending plans could deliver a shot in the arm to the US economy, lifting growth around the world, although uncertainty about his trade policies adds…

Leading economic data released last week indicate that European economies were accelerating as 2016 drew to a close. The political uncertainties facing the region, including elections in France,…

Banks with large London operations say they will step up lobbying European officials because they are running out of arguments to convince the British government the industry needs single-market…

Brazil’s central bank will likely step up its pace of interest rate cuts on Wednesday as policymakers scramble to rescue the country’s once-vibrant economy from the worst recession on record as it…

Immigration has a generally positive economic impact on receiving countries but the benefits depend on how well the migrants are integrated, the International Monetary Fund’s First Deputy Managing…

International rating agency Moody’s Investors Service has maintained a positive outlook on India and said that beyond the short-term negative impact on growth, demonetization has the potential to…

Russia’s economy will return to modest growth in 2017 despite Western anti-Russian sanctions, with the GDP rising 1%, the Moody’s ratings agency said Wednesday, Sputnik reported. “Moody’s projects…

Around 450-500 runaway girls are taken care of annually at centers akin to a “family home” run by the State Welfare Organization (SWO), among whom 60-70% usually return to their homes or that of…