After a disappointing slowdown this year, Hungarian GDP growth is expected to pick up in 2017 to 4.1% y/y, the updated growth and fiscal forecast of the country’s economy ministry showed on…

Although acknowledging that forecasts for the country’s GDP growth next year continue to decline, Brazil’s Finance Minister Henrique Meirelles says that the government expects Brazil will register…

International Monetary Fund’s chief economist suggested the world economy prepare for shift in US policy and warned of possible rising protectionism following exchange rate fluctuations resulting…

Italian banks need at least €52 billion ($54 billion) to clean up their balance sheets, much more than the rescue package proposed Monday by the government.

The European Central Bank’s aggressive money-printing has failed to boost growth in the eurozone substantially, Latvia’s Ilmars Rimsevics said on Wednesday, the third ECB rate setter to express…

Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the "vast majority" of US-owned northern waters.

Obama designated areas in the Arctic and Atlantic…

India's oil imports from Iran fell 19% in November from a record high the previous month after regional rivals Saudi Arabia and Iraq raised sales to the world's third-biggest oil consumer,…

Plans call for not only developing the existing oil pipeline grid but also laying new pipelines to boost the export of oil byproducts, the managing director of the National Iranian Oil Refining…

Reports emerged last week that Iran is taking steps to build its first-ever power plant that would burn coal for electricity generation. The news has invited mixed reactions; environmental groups…

South Pars Gas Complex has shipped its first gas condensate cargo to Europe, managing director of the company said on Wednesday.

Masoud Hassani added that for the first time after the…

Saudi Arabia is considering increasing retail gasoline and diesel prices in 2017 for the second year in a row, as the world’s top crude exporter pursues a plan to cut its dependence on oil…

The Education Ministry’s second conference on Development of Educational Justice held Monday at Tehran’s Alzahra University focused on preschool as the foundation of sustainable educational…

Women across the world, whether in Iran or the developed world, struggle to make inroads on the political scene and top management posts in their respective governments, said Vice President for…

A virulent strain of airborne bird flu extended its shadow across northeast Asia as Japan launched a new chicken cull on a southern island, days after gassing hundreds of thousands of birds some 2…

The Health Ministry is holding a campaign to promote healthy diets for healthy lifestyles among Iranians who are at high risk of developing non-communicable diseases (NCDs).

The campaign…

Avian influenza has spread to another province in the country after being reported in six provinces last week.

The highly pathogenic H5N8 strain has been detected in Alborz, Qom, Markazi,…

Twelve Iranian universities of medical sciences have been listed in the latest ranking of Essential Science Indicators (2016 universities ranking) which were finalized in November, and published…

Drug abuse is the primary cause of 80% of sexual assaults, 62% of street brawls, 50% of divorces, 50% of spouse abuse cases, 42% of murders, and 34% of child abuse in the country, said Mohammad…

Negin Khodro has announced the price for the new Renault Koleos large SUV in the local market at 2 billion rials ($50,000), according to Asre Khodro. The updated Koleos model, which replaces the…

A court in Shanghai ordered two Chinese firms and the founder of one of them to pay BMW 3 million yuan ($432,000) for registering trademarks similar to that of the top German automaker, the…

It is almost three decades since the last Buick Skylark rolled out of Pars Khodro  factory in Iran, but that hasn’t dampened the mood for American-derived vehicles in the years since.

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Geely’s Volvo cars said it had raised 5 billion Swedish crowns ($532 million) in a step toward a listing of the company.

A group of Swedish institutional investors had bought newly-issued…

The seventh Kerman Auto Show will be held from December 27-30 in the southeastern province with the same name.

The four-day event will be held at Kerman International Fairground, carnet.ir…

Children’s resilience to tragedy is highlighted in UNICEF’s Photograph of the Year for 2016.

UNICEF awarded the first prize of the UNICEF Photo of the Year 2016 contest to Iranian…

A solo sculpture exhibition by veteran artist Mansour Tabibzadeh is underway at Ace gallery in Tehran.

Titled ‘Maximal’, the exhibit showcases 15 large sculptures made of different types of…