Bank Melli Iran has issued 3,100 forex payment orders valued at $1 billion during the eight-month period ending November 20 for trading with other countries, said the bank’s chief executive. “BMI…

President Hassan Rouhani’s government does not want foreign exchange rates to surge against the rial, as it would not be in its favor, the administration’s spokesman said.

“The official…

A phone talk last month between Russia's President Vladimir Putin and his Iranian counterpart Hassan Rouhani, just before an OPEC meeting, played a part in helping to reach a deal on cutting oil…

Oil prices rose on Tuesday, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other exporters.

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Global oil demand will rise more strongly than expected in 2016 and 2017, although it is too soon to assess the impact of a joint cut in supply by the world's largest producers, the International…

Russia's Gazprom Neft PJSC signed a memorandum of understanding with the National Iranian Oil Company on Tuesday to study two oilfields in the western regions near the border with Iraq.

Contracts worth $25 billion to develop two major oilfields in Khuzestan Province shared by Iraq may be signed within the coming months, Noureddin Shahnazizadeh, chief executive of Iran's Petroleum…

State energy company Pertamina may sign a deal to import Iranian liquefied petroleum gas (LPG) in 2017 when Indonesia's president visits the country this week, company officials said on Tuesday.…

About $8.8 million worth of mushrooms were exported in the last Iranian year (March 2015-16), indicating a 57% increase compared with a year before.

The Persian daily Forsat-e-Emrouz cited…

The cosmetics and personal hygiene products manufacturing sector accounts for 14% of the employment in Iran’s industries, according to Mehdi Sadeqi Niyaraki, an official with the Ministry of…

Turkish Minister of Transport, Maritime and Communications Ahmet Arsalan met with Iran’s Minister of Roads and Urban Development Abbas Akohundi in Tehran on Tuesday to discuss ways of broadening…

The Islamic Republic of Iran Customs Administration earned 140 trillion rials (close to $3.6 billion at market exchange rates) in revenues in the last Iranian year (March 2015-16), registering a…

About 85% of the $16.6 billion Boeing order will be financed through foreign sources and the rest will be paid in cash by Iran Air.

Farhad Parvaresh, the Iranian flag carrier's chief…

Iran’s export of crude steel and steel products will reach 6 million tons by the end of the current Iranian year (March 20, 2017) to  resister a 50% rise compared to last year, the managing…

Iran and Russia signed nine memoranda of understanding in the fields of economy, transportation, trade promotion, banking and gas during the 13th session of Iran-Russia Economic Commission held in…

MTN Group Ltd., the South African wireless carrier that has been trying to repatriate $1 billion from Iran, has managed to extract several hundred million dollars from the country with the help of…

Turkey’s 2015 GDP per capita has increased from $9,130 to 11,014 after the Turkish Statistics Institute revised how it calculated the figure, Anadolu Agency reported. Around 80 million Turks got a…

UK inflation rebounded to a two-year high last month, driven by a hike in the price of clothes and fuel. The Office for National Statistics said the Consumer Price Index measure of inflation hit a…

The Middle East and North Africa region will next year record its weakest economic growth since the global financial crisis in 2009, according to a report, Arabian Business reported.

Global banking regulators have softened proposed new capital rules in a bid to ease European concerns that piling on requirements would cause banks to crimp their lending, three sources familiar…

The debt-laden country has been set ambitious economic targets by the European Commission and countries such as Germany, which are not “credible” and will hamper growth, according to the…

Brussels is set to tighten rules on when foreign workers can claim unemployment benefit, amid fears that European Union law is open to abuse.

As little as 9% of Bulgarians think that corruption levels have fallen over the past four years, the European Bank for Reconstruction and Development said on Tuesday, SeeNews reported.

Eurozone inflation may exceed ECB projections on oil price surge, the bank’s governing council member Ardo Hansson said, Investing.com reported. “There is certainty more upside than we would have…

The spokesman of Majlis National Security and Foreign Policy Commission said the liberation of Aleppo heralds the end of pain of all Syrian people who suffered at the hands of foreign-backed…