Central Bank of Iran needs more authority to start merging banks, said Ali Divandari, head of the Monetary and Banking Institute.

The managing director of the International Monetary Fund Christine Lagarde said Russia has done a good job maintaining macroeconomic stability given declining crude prices.

Real gross domestic product of the member countries of the Organization for Economic Cooperation and Development area picked up markedly in the third quarter, data showed Monday, RTTnews reported…

A measure of national economic activity improved in October but its less-volatile, three-month average weakened, according to the Chicago Federal Reserve on Monday—one sign that below-potential…

Africa’s biggest economy Nigeria is stuck in a painful recession with no end in sight, according to the latest official data released on Monday.

Japan saw its second consecutive trade surplus in October, official data showed on Monday, though it came in below expectations as a strong yen dented exports.

HSBC is no longer one of the two most important banks in the global financial system, and has been replaced by American lender Citi, according to the latest data from the Financial Stability Board…

It is barley planting season and the Agriculture Ministry is planning to increase the area under cultivation of the crop by 50,000 hectares to 1.75 million hectares this year, says Kaveh Khaksar,…

The presentation was as professional as that of a western company.

In its promotional movie clip, the state-owned Islamic Republic of Iran Shipping Lines was shown to be a modern, fully-…

Iran witnessed an 18% hike in the number of passengers using air transport during the seven months to October 21, said deputy minister of roads and urban development, Ali Abedzadeh. There has been…

Iran cannot afford to pay in cash for the order it placed with Airbus, says deputy minister of roads and urban development Asghar Fakhrieh-Kashan.

“We have not held any negotiations over…

A maiden shipment has arrived in Iran from Germany via a multimodal transit route connecting Iran to Europe via the Black Sea, secretary of International Transport Association of Iran,…

Iran exported 876,000 tons of non-oil goods worth $333.5 million to the Republic of Azerbaijan during the seven months ending October 21, which indicates a 112% rise in value compared with last…

Chapman Taylor, a company of British architects, master planners and interior designers, has struck a number of deals in Iran to work on massive shopping center projects.

The practice…

The rumblings of discontent started before Malaysian Prime Minister Najib Razak had even set foot back on home soil.

Spain’s economy minister has urged European governments to look beyond a rising clamor for fiscal stimulus and focus instead on boosting trade and fixing ailing banks to spur more growth.

After years of turbo-driven central bank stimulus, most Europeans still want to leave their spare cash in savings accounts, even if those accounts pay zero interest.

That’s the finding of a…

United Nations Secretary-General Ban Ki-moon called on Africa Industrialization Day economic growth that will enable all people on the continent to realize their potential, PrensaLatina reported…

Despite various economic indicators showing signs of improvement in Taiwan, confidence in the local economy has fallen according to a survey released by Cathay Financial Holding Co. on Monday.…

Leaders of 21 Asia-Pacific nations ended their annual summit late Sunday with a call to resist protectionism amid signs of increased free-trade skepticism, highlighted by the victory of Donald…

Asian shares were on the defensive on Monday, undermined by fears that the strength in the US dollar and rising US bond yields since Donald Trump’s election to president could accelerate fund…

Iraq will offer three new proposals at a meeting in Vienna this coming week to discuss implementing an OPEC accord to cut output, Iraq’s Oil Minister Jabbar al-Luaibi said late Sunday, in the…

Russian President Vladimir Putin said he sees no obstacles to an OPEC agreement this month after oil exporters made major progress in overcoming differences as he reaffirmed Russia is willing to…

The growth of solar and wind power in the United States could slow under US President-elect Donald Trump, the chief executive of German utility E.ON said, but added he expected any change to be…

A senior energy executive said on Monday that Iran needs to open up its energy sector to foreign companies to drive growth in its key oil and gas projects, particularly the more demanding offshore…