The number of people looking for jobs has risen by 20% over the seven months of the current fiscal year (started March 20), an official with the Ministry of Cooperatives, Labor and Social…

The world's largest shipbuilding company Hyundai Heavy Industries Co., looks set to clinch a deal with Iran to supply 10 ships.

Close to $118 million worth of non-oil products were exported from Golestan Province in northern Iran during the seven months to October 21, 2016, according to the head of the province’s…

The Ministry of Agriculture has banned the import of walnut because of bumper production of the crop in excess of domestic demand, an official with the ministry said. Ramezan Rouyintan added that…

India’s UCO Bank Ltd will open its Tehran office by the yearend, Iran’s Foreign Minister Mohammad Javad Zarif said, citing a top official with the Central Bank of India as saying. 

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Supporters of globalization need to develop a new way to promote open markets that relies on smaller trade deals and helps people who are feeling left out, International Monetary Fund Managing…

For the first time in decades, Ethiopia’s economy has recorded its slowest growth. According to the BBC, economic growth in the country slowed to 8% in the 2015/2016 fiscal year. Ethiopia’s…

Hotels operating in the UAE continued to see declines in occupancy and room rates during October, according to the latest data from industry consultants STR, Arabian Business reported. It said the…

President Nicolas Maduro said Venezuela would issue higher denomination bills “very soon” as soaring inflation and a crumbling currency leave the crisis-stricken country’s largest note worth just…

Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses, farmers and families suffering, saying it was necessary to keep inflation in check and…

The European Central Bank has done everything in its power to fuel inflation and boost economic growth, but has had limited success. Now, risks and side effects are becoming more evident.

The US jobs report on Friday made one thing clear: president-elect Donald Trump will inherit the same two-track US economy that bedeviled his predecessor.

Malaysia’s economy now stands at RM1.3 trillion and has the potential to grow to a RM2 trillion ($448.88 billion) economy. Prime Minister and Umno president Najib Razak said this potential is…

Despite a green light from Brussels, Germany’s road toll plan continues to be criticized as discriminatory to foreign drivers. Now Dutch, Austrian, Belgian and Danish opposition may prove…

Greece expects to reach an initial agreement with its official creditors at a meeting of eurozone finance ministers on Monday on the fiscal targets and reforms it needs to adopt to conclude its…

Singapore’s manufacturing economy continued on its uptrend, with the latest Purchasing Managers’ Index in expansion mode over the last three straight months. According to data from the Singapore…

The Northern Ireland economy will grow by just 1% in both 2017 and 2018, economists forecast. The Ulster University economists expect business investment will be delayed or cancelled as a result…

Beijing’s pledges to pursue trade liberalization in the face of a potentially more protectionist US under Donald Trump meant it was time for China to “walk the talk” on the issue, former WTO…

Economic pundits and crystal-ball gazers at the New York-based Conference Board, a global, independent business and research association, recently released their latest “Global Economic Outlook…

Mohamed Yassin’s minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away.

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A boom in electric vehicles made by the likes of Tesla Motors Inc. could erode as much as 10% of global gasoline demand by 2035, according to the oil industry consultant Wood Mackenzie Ltd.

Russia's largest private oil company Lukoil expects that oil prices will be around $60 per barrel in 2017, Lukoil vice president Leonid Fedun said.

"Over the next year the price of $60 per…

OPEC will meet non-OPEC countries to iron out the details of a global oil limiting pact on December 10 in Vienna, two sources told Reuters on Saturday. Two OPEC sources earlier said the meeting…

Iran's natural gas production from the giant South Pars Gas Field will reach 515 million cubic meters per day by the end of this month as total production is planned to exceed 540 mcm/d by the end…

OPEC’s agreement to cut production for the first time in eight years has the potential to balance the oil market, as long as everyone sticks to it, former Saudi Arabia oil minister Ali al-Naimi…