German manufacturing growth reached its highest in almost three years in December, driven by rising demand from Asia and the United States, a survey showed on Monday, suggesting the sector will…

Pakistan’s annual inflation rate eased to 3.70% in December from 3.81% in November, the Bureau of Statistics said on Monday, Reuters reported. On a month-on-month basis, prices decreased by 0.68%…

Tanzania’s economy grew 6.2% in the third quarter of 2016, compared with 6.3% in the same period the previous year, Finance and Planning Minister Philip Mpango said on Monday, Reuters reported.…

South Korean banks cut almost 3,000 jobs last year, many through lay-offs, data showed Monday, with the job-reduction trend expected to continue this year amid an economic slowdown and growing…

One of the leading German economists has suggested that Italy might leave the euro. The point being made by Clemens Fuest, of the Institute for Economic Research, is that the constraints of the…

Switzerland's reputation as a secretive tax haven looks set to end following the introduction of rules over sharing bank account data.

The International Convention on the Automatic Exchange…

Oman says it will need to borrow money from local and international markets as it announced its budget for 2017 with a projected deficit of around $7.7 billion, AFP reported.

A senior diplomat said the recent UN Security Council resolution in support of the nationwide ceasefire in Syria can greatly help step up the anti-terror drive and political efforts to take the…

Iran's defense chief on Monday inaugurated a production line for small caliber ammunition. In the launching ceremony, Defense Minister Lieutenant General Hossein Dehqan said it will double the…

Ali Akbar Velayati, a foreign policy advisor to the Leader of Islamic Revolution, underlined the importance of talks between the Syrian government and its allies before the start of the planned…

Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said not only Iran's scientific progress should not be slowed or stopped, but its contribution to global scientific advances should also…

President Hassan Rouhani said terrorism is on the verge of suffering an ultimate defeat in the Middle East, stressing the complementary role of diplomacy and resistance in defeating terrorists.…

Iran’s Foreign Ministry spokesman rejected as “worthless” and “false” a recent Reuters report claiming that Tehran, Moscow and Ankara eye “dicing Syria into zones of influence.” Bahram Qasemi made…

An Iranian parliamentarian denounced the reported assault on two Iranian refugees on Manus Island by police and immigration officials on New Year's Eve and called for a firm response by the…

Tehran and other metropolitan regions in Iran get bogged down in heavy traffic jams every day. Commuting has become a nightmare, at times taking hours to drive a short distance.

Rail transport took center-stage in Monday’s parliamentary session.

MPs approved a bill to allocate 1% of oil revenues to the rail sector as part of the sixth five-year development plan (…

The operations of cement factories have been disrupted by continuous gas outages every winter, according to the head of Cement Employers Association. “This has been going on for the past two years…

Russian oil production in December stood unchanged at 11.21 million barrels per day, flat month on month and at its highest in almost 30 years, energy ministry data showed on Monday.

Russia…

There is a wide variety of opinions on whether or not OPEC will deliver on its promised cuts of 1.2 million barrels per day, and a lot hangs in the balance.

An explosion occurred at a gas pipeline near Azerbaijan's capital Baku early on Monday, the country's emergencies ministry said, the second such incident in a week. The explosion hit the Baku-…

The government is obliged to curb the flaring of natural gas to 10% or lower by 2021, according to a law passed by the Majlis on Sunday.

The measure was part of a slew of ratifications by…

Export of petrochemicals will exceed 20 million tons by the end the current fiscal (March 2017), Farnaz Alavi, a member of the board of the state-run National Petrochemical Company, said Monday.…

Strategic stockpiles of diesel and mazut to be used as alternative fuels to run thermal power plants in northern provinces has increased considerably compared to last year, managing director of…

Costa Rica Ended 2016 on a particularly green note. The Central American nation ran entirely on renewable energy for more than 250 days last year, the country's power operator announced…

The self-styled Islamic State terrorist group has claimed the attack on the upscale Istanbul nightclub that left 39 people dead.

The statement emerged amid a massive manhunt by Turkish…