Daesh (an acronym of the self-styled Islamic State terrorist group) has turned into an ideology that is even more menacing than the terrorist group’s heinous acts, the media adviser to the Islamic…

Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei underscored the necessity of creating a buoyant economy driven by domestic production to help boost the Islamic Republic's clout.

Lebanon's newly-elected Prime Minister Saad al-Hariri called for closer political and economic cooperation with Iran, which he described as "a big and powerful country in the region that possesses…

A senior official welcomed Turkey's decision to pull out its forces from Iraq and respect the Arab country's territorial integrity as a positive move.

The passive role of the UN Security Council in the Syria conflict is a major obstacle to the settlement of the nearly six-year-long crisis, a lawmaker said, while a tentative Russia-Turkey…

Iran's Foreign Ministry dismissed the recent allegations leveled by Saudi Deputy Crown Prince Mohammed bin Salman against Tehran, saying Riyadh's support for terrorists is the source of chaos in…

The US Energy Department says the electricity system "faces imminent danger" from cyber-attacks, which are growing more frequent and sophisticated, but grid operators say they are already on top…

Crude prices could plunge as low as $10 per barrel within a decade as a result of five energy “tsunamis,” Thierry Lepercq, innovation chief for French energy company Engie said.

Lepercq…

Russia's Gazprom said on Saturday its daily supplies of natural gas to countries outside of the former Soviet Union have reached a record high due to cold weather in Europe.

Gazprom pumped…

Iran is seeking investment to build 25 petrochemical projects, an official at the state-run National Petrochemical Company was quoted on Saturday as saying.

The NPC is proposing joint or…

Iran is expected to sign deals with two Japanese companies to enhance oil refineries in Tehran and in the southern city of Bandar Abbas, Abbas Kazemi, the chief executive of National Iranian Oil…

Iran has ramped up oil exports to European customers to 710,000 barrels per day as the country is closing in on the levels it sold to European buyers before international sanctions were imposed.…

Iranian crude oil continues its run into the bull-market territory on the back of a global pact to cut supplies that kicked in on January 1.

Its light crude traded at $53.31 in the week…

Ali Kardor, the managing director of National Iranian Oil Company, appointed Saeed Khoshrou on Sunday as NIOC's new director for international affairs. Saeed Khoshrou, who previously served as the…

German Social Democratic leader Sigmar Gabriel said Chancellor Angela Merkel’s austerity policies threaten European cohesion as he laid out options for an SPD-led government coalition that could…

Big banks kick off fourth-quarter earnings season in the coming week, but investors are more interested in their outlooks as the industry faces the prospect of a faster pace of interest rate…

Britain’s three quoted major supermarkets are expected to report this week that they enjoyed solid Christmas trading, though investor concern about a potential squeeze on consumer spending in 2017…

Economists aren’t shying away from joining Donald Trump’s administration and would be willing to pitch in if asked, according to former economic policy makers now in academia.

A protest against Mexico’s 20% gasoline price hike turned violent Saturday after a lone protester drove his truck into a line of police guarding a fuel distribution terminal in Baja California.…

China is confident to have reached an economic growth of 6.7% in 2016, within a targeted range set earlier in the year, Vice Finance Minister Zhu Guangyao said on Sunday.

Months after it laid off 340 employees, controversy-ridden Theranos announced Friday it will cut down its workforce by 41%t, firing around 155 more employees. The blood-testing company now has 220…

More than three quarters of Irish workers expect to get a pay rise in 2017. That is according to a new survey of staff working in over 7,000 firms across the country, breakingnews.ie reports. The…

After a poor 12 months of low returns on oil and petrochemical services, the number of foreign workers leaving Oman continues to increase, according to new statistics.  According to a 2016…

South African National Congress Youth League spokesperson Mlondi Mkhize says they expect President Jacob Zuma to address how the youth will benefit in government through the statement of African…

Portugal’s rate of unemployment totaled 10.5% in November, according to a provisional estimate from the country’s National Statistics Institute (INE), which also lowered the figure for October to…