Bank Melli Iran, the state-owned giant lender, has issued 3,100 payment orders in foreign currencies worth over $1 billion, said the bank’s CEO. BMI has recorded a 270% growth in the total number…

Many illegal bureaux de change have been identified and a number of them have been fined heavily, said the director general for banking regulations, licensing and anti-money laundering at the…

Russian oil producer Gazprom Neft said on Tuesday it planned to increase oil production by 4.5-5% next year, less than it had intended before Russia joined a deal to cut global production with…

Completion of the South Pars Gas Field project is estimated to cost upwards of $90 billion as Iran aims to raise natural gas production from the giant field to more than 700 million cubic meters…

 Iran needs an efficient and judicious pattern in energy consumption as the country has committed to meeting international climate obligations under a legally-binding agreement signed last…

Iran exported 15.2 million tons of petrochemicals and polymers, worth $6.5 billion, in the first nine months of the current fiscal year that roughly coincides with March-December.

The lion'…

Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on…

Toshiba Corp said it may have to book several billion dollars in losses related to a US nuclear power acquisition, a shock warning that sent its stock tumbling 12% and rekindled concerns about its…

Overall conditions in Nigeria remain challenging with little sign that the economy will exit recession over the coming months, that is according to London-based World Economics, Channelstv…

According to a report from the University of Michigan, the US consumer sentiment index has improved in December 2016, Market Realist reported. It stood at 98.2 in December 2016 as compared to 93.8…

Troubled Italian bank Monte dei Paschi di Siena says it will need more rescue money than previously expected, as a government rescue looms, AP reported. The bank said in a statement issued late…

The Brazilian government has not pressured state-run banks to free up credit and reduce their spread, but interest rates are likely to fall as the central bank’s benchmark Selic rate continues to…

The concentration of wealth among the eurozone’s richest has increased since the bloc’s debt crisis began, with poor families suffering the biggest drop in asset values, a survey released by the…

The global diamond industry is facing disruption that could stretch through the first few months of next year, as a result of Indian Prime Minister Narendra Modi’s radical move to abolish most of…

US equities are trading near a record, the dollar is around a multi-year high and crude oil has climbed to a 17-month peak as traders have powered past shocks from the Brexit vote in the UK to…

About 20 tons of agricultural products were exported to Russia from Jiroft County in the southeastern Kerman Province, an official with Kerman Customs Bureau said.

“This is the first…

For many women in Khorasan Razavi Province, the onset of fall only means one thing: saffron harvest time.

With over 9,700 hectares under saffron cultivation, some 80% of Iran’s saffron are…

Iran’s Communications and Information Technology Minister Mahmoud Vaezi, who is on a visit to Azerbaijan, has called on entrepreneurs from his country and the neighboring Azerbaijan to make joint…

Some 40% of the workforce in the public sector are either in excess or incompetent, according to presidential advisor, Mohammad Ali Najafi.

“This lowers productivity. The nepotistic hiring…

Iran exported 9.3 million tons of non-oil goods worth $3.4 billion to Turkey during the eight months to November 20, registering a threefold hike in value compared with last year’s corresponding…

Despite tax relief for retailers and large state entities, the manufacturing sector, which is struggling with a prolonged recession, has been levied tax hikes on several occasions in the past few…

Air defense forces practiced high-precision targeting of mock enemy aircraft on the second day of a major joint wargame by the Army and the Islamic Revolution Guards Corps.

A lawmaker said e-voting machines for the city council elections will be unveiled next week.

Qasem Mirzaei-Nekou made the statement in an interview with ICANA on Tuesday. E-polling helps…

A lawmaker said Cairo's widening rift with Saudi Arabia has pushed Egypt toward Syria and its allies, namely Iran and Russia, indicating a major change in the region's political equations.

A deputy foreign minister highlighted the merits of the 2015 nuclear deal with major powers, saying it has helped revive key sectors of the domestic economy.

"After the implementation of…