Flag carrier Iran Air signed a final contract in Tehran on Sunday to purchase 80 passenger jets from American plane manufacturer Boeing.

The $16.6 billion deal includes 50 of Boeing’s…

Forty-two steel, iron ore, gold and copper mining projects will come on stream by the end of the first quarter of the next fiscal year (starting March 21, 2017), the head of Iranian Mines and…

Changing Iran's monetary unit from rial to toman and the subsequent replacement of all banknotes with the new currency present no cumbersome challenge, the Central Bank of Iran's governor said.

Central Insurance of Iran, the industry’s regulator, has proposed a 40% cut in premium rates for personal auto policies. Abdolnasser Hemmati, president of CII, announced that the regulator has…

The Iranian government will implement plans for the unification of foreign exchange rates when the market regains stability, the government’s spokesman announced late Saturday.

“Forex rates…

Bank Mellat, one of the leading privatized lenders in Iran, will launch a subsidiary and a branch in Malaysia and Georgia respectively in the next two months, announced the bank’s chief executive…

Close to half of all the assets of the Iranian banking system are non-performing and the governor of the Central Bank of Iran says his bank endeavors to recover these assets and return them to the…

German exports rebounded by less than expected in October, dampening hopes that trade will make a significant contribution to a predicted expansion in Europe’s biggest economy in the final quarter…

After a “spiritual retreat” to an Argentine oceanfront resort with his 22-member cabinet last week, Mauricio Macri admitted that he had generated unrealistic expectations of “magical” change when…

Cutting public spending has become inevitable because of the sharp drop in oil prices, Kuwait’s emir on Sunday told a new parliament that was elected partly by voters protesting against austerity…

Brazil’s inflation rate eased much more than expected in November, putting a long-missed official target within reach this year and clearing the path for a more aggressive cycle of interest rate…

Japan’s spending on government policy initiatives for the next fiscal year is likely to expand to a record high of around 74 trillion yen ($646.76 billion) with social security and defense…

There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade, AFP reported. With unemployment at a nine…

The global airline industry is expected to make a net profit in 2017 of $29.8 billion, representing a 4.1% net profit margin and total revenues of $736 billion, said the International Air…

China’s Commerce Ministry said it will put a temporary ban on imports of North Korean coal as part of a UN Security Council resolution meant to deter Pyongyang from pursuing its nuclear weapons…

Quebec’s legislature passed a bill that will pave the way for more oil and gas exploration, providing a boost to drillers such as Junex Inc. while drawing criticism from environmental, aboriginal…

Major foreign oil and gas companies are keen on development rights for Azadegan Oilfield, one of Iran's most-prized oil projects to be tendered in 2017.

Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5% stake in state-owned oil major Rosneft…

Three regions in the deprived Sistan-Baluchestan Province in south Iran have been identified for development of renewable energy projects, a local official said.

Russia will create a monitoring group to control oil output reduction process inside the country, Energy Minister Alexander Novak said.

The move follows a similar measure by the…

The gasoline production unit of the Persian Gulf Star Refinery in the southern Hormozgan Province will go on stream by March 2017, the end of the current  fiscal year, Ebadollah Abdollahi,…

Tenders will be announced Monday for 40 gas stations in 15 provinces following a successful first attempt to privatize 100 gas stations earlier this year.

Tehran Stock Exchange’s main index shed 324.60 points or 0.4% to end Sunday trade at 80,925.9.

More than 489 million shares valued at $38.9 million changed hands for the day.

Jam…

Despite rejections in the past, Iranian officials now confirm the domestic airlines’ intentions to buy Russian-made Sukhoi Superjet 100 passenger planes, about which the Iranian public is…

Iran is home to 113 million tons or 29% of the world’s barite reserves, according to the head of Mineral Explorations Department at Iranian Mines and Mining Industries Development and Renovation…