The European Union on Wednesday edged up its eurozone growth forecast for this year but trimmed it for 2017, warning that the economy faced new challenges due to Brexit and rising inequality.

The Portuguese economy might be on an unstable footing with only one credit rating agency giving it an investment grade, but such instability should lessen in the medium-term, the country’s…

Same story. Different country. Much, much bigger implications. That’s the economic message from Donald Trump’s victory in the year of shocks. By comparison, Brexit was a sideshow.

Trump…

The Norwegian government said it was running a financial deficit for the second consecutive quarter largely because of declining revenues from petroleum.

Mexico’s central bank is likely to raise its key interest rate by at least 75 basis points Wednesday if US Republican candidate Donald Trump wins the US election to become the country’s next…

Tehran's markets got rocked by Donald Trump's election as the 45th president of the United States on Wednesday, as investors fled equities and piled on foreign currencies and gold in their safe…

The last few weeks have seen a flurry of important announcements in Iranian-Indian relations. It is usually the commercial transactions that capture most of the headlines, but the potential for…

The parliament has approved a bill to allocate 1% of oil revenues to rail projects in the sixth five-year economic development plan (2016-21). Tabriz lawmaker, Mohammad Hossein Farhangi, was…

Iran exported more than 23,000 tons of non-oil goods worth $152 million to Germany during the seven months ending October 21, registering a 1.5% decrease in value compared with last year’s…

Economic players in Hong Kong are prepared to cooperate with their Iranian counterparts in a wide range of fields, including tourism, electronic equipment, insurance and finance. Hong Kong’s…

The number of SME exporters that expect to continue growing their overseas sales has fallen following the EU referendum, according to the latest Business in Britain report from Lloyds Bank.

India’s sudden withdrawal of 500 and 1,000 rupee notes from circulation, in a bid to flush out money hidden from the tax man, caused chaos on Wednesday as gas stations and other retailers refused…

Emirates airline has reported a 75% drop in net profit in the first half of the 2016-17 financial year–attributed to economic uncertainty and subdued travel demand, Arabian Business reported. The…

A measure of Australia’s consumer sentiment slipped in November after three straight months of gains ahead of the US election and as households became less confident of the property market and…

Manufacturing conditions across Southeast Asia took a dive in October, with the Nikkei ASEAN Manufacturing Purchasing Managers’ Index hitting an 11-month low of 49.2, down from 50.5 the previous…

Business confidence in South Africa recovered in October after slumping to its lowest in three decades in the previous month, boosted by a jump in export volumes and a firmer currency, a survey…

The International Monetary Fund recommended Tuesday that Jordan eliminate the general sales tax zero rate and maintain exemptions for only a limited set of goods.

OPEC’s secretary-general warned of prolonged instability in the oil market if the producer group and other major crude suppliers fail to act jointly to limit output and curb a global glut.

With Donald Trump winning the US presidential election, OPEC may have to battle a sourer outlook for the global economy and weaker demand for crude.

It also faces the prospect of increased…

Britain remains committed to switching from coal-fired power plants to clean energy, a minister told parliament on Tuesday when asked whether the government was considering backtracking on a plan…

The election of Donald Trump as president of the United States will not have an impact on the investments of French oil and gas company Total in Iran, the firm's head of gas, renewables and power…

A day after a multibillion-dollar energy agreement with Total S.A. and CNPC, the first major post-sanctions deal with a western major, Oil Minister Bijan Namdar Zanganeh tried to muster confidence…

China is looking for opportunities to increase participation in Iran’s oil and gas development projects, the Middle East director at China’s National Petroleum Corporation said.

The International Court of Arbitration has ruled that Iran supplied gas to Turkey at a higher price compared to other producers in the region and must cut its exported gas price by approximately…

Electric carmaker Tesla Motors Inc said on November 8 it would buy German firm Grohmann Engineering to improve its automated manufacturing systems. The deal, whose financial terms were not…