The United States will send another 200 troops to Syria to help an alliance of Kurdish and Arab fighters seize the IS bastion of Raqqa, US defense secretary, Ashton Carter, has said.

“I can…

The Iranian mining sector requires close to $50 billion in foreign investment, said the deputy minister of industries, mining and trade. Mehdi Karbasian made the statement on the sidelines of the…

Plans are underway to extend oil and gas development studies in the Sea of Oman for the next five years in search of hydrocarbon deposits in the region, the deputy head of exploration department…

Russian Energy Minister Alexander Novak is scheduled to meet Oil Minister Bijan Namdar Zanganeh in Tehran on Tuesday, Oil Ministry’s news agency Shana said Saturday. Novak will travel to Tehran as…

South Pars Gas Field phases 13, and 22-24 should produce an estimated 113 million cubic meters of natural gas per day (4 billion cubic feet) by the third quarter of 2017, or halfway through the…

Iran is planning to draw significantly more crude oil from its West Karun oil block that it shares with Iraq by implementing advanced recovery methods, Noureddin Shahnazizadeh, the chief executive…

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many…

The US government is slated to sell $375 million worth of crude oil from the country's emergency reserve this winter after Congress passed a temporary spending bill on Friday that contained a…

India is now home to the world's largest solar power plant with the launch of its 648-megawatt facility at Kamuthi in the southern state of Tamil Nadu.

Funded by Adani Green Energy, a part…

Plans are underway to electrify a railroad connecting Tehran to the city of Tabriz in East Azarbaijan Province in northwestern Iran, the new CEO of Islamic Republic of Iran Railways said. “…

Iran is set to enter the export market of metallized products at last, owing to the launch of HBI production at Persian Gulf Saba Steel.

The company aims to start commissioning the DRI unit…

Iranian miners and the government are locked in a peculiar, strained relationship. 

Miners, most of whom belong to the private sector, hold that the government must act simply as a…

Mehrabad International Airport in western Tehran handles 400 flights every day, the head of Mehrabad airport said. Ali Rostami added that the airport is operating at full capacity, IRNA reported.…

First Vice President Es’haq Jahangiri said the services sector is the most important field of economic activity in Iran. Speaking in Iran Chamber of Guilds Forum on Saturday, Jahangiri added that…

Exports to Iraq through Mehran’s border terminal, located in the west of Ilam Province, amounted to about $1.56 billion during the eight months to November 21.

These indicate a 75% increase…

Iran and Italy signed a memorandum of understanding for cooperation over protection of intellectual property rights.

Options are making their final approach toward Iranian securities markets.

Contracts that allow you to buy the right to sell or buy a commodity at a future date have overcome all regulatory…

A 590-strong delegation from Russia arrives in Tehran today to take part in the 13th session of Iran-Russia Economic Commission on December 13, co-chaired by Iran’s Minister of Communications and…

Over 812,000 tons of goods worth $680 million were exported from East Azarbaijan Province during the eight months to November 20, registering a 9% increase in weight and a 2% decline in value…

High-ranking officials and economic players of Iran and the Czech Republic met as part of their joint economic commission in Prague on Friday, during which a memorandum of understanding for…

Aprin dry port and logistic park on the outskirts of Tehran will become operational in three years, the CEO of Islamic Republic of Iran Railways said.

“Development of Aprin logistic park is…

Director-General Roberto Azevedo’s annual overview of developments in the international trading system highlights the “persistent” global economic challenges in 2016 that continue to weigh on…

Unemployment levels in Saudi Arabia rose to 12.1% in the third quarter of 2016, a four-year high, although employment growth remained positive, according to new data from Jadwa Investment.

Union Textiles Minister Smriti Irani today said the country needed “fiscal discipline” to build a strong economy, and citizens’ cooperation would go a long way in this regard, PTI reported.

Cyprus economy marked growth for the sixth consecutive quarter, with the GDP growth rate in real terms during the third quarter of 2016 to reach 2.9% over the corresponding quarter of 2015,…