Brazilian President Michel Temer said the government has no plans to increase fuel taxes, a day after state-run oil company Petrobras announced a drop in fuel prices, CNBC reported. Friday’s price…

Marine industries have applied for one trillion rials ($31.6 million) in loans from banks since the beginning of the fiscal year in March, said the head of the Fund for Development of Marine…

Vice-governor of the Central Bank of Iran says the banking overhaul plan has been devised, among other things, to curb the effects of a war between the banks and credit institutions on interest…

The Central Bank of Iran has issued new guidelines clarifying domestic banks’ interaction with their foreign peers and businesses. The guidelines, published in the form of a directive Sunday,…

Tehran Stock Exchange’s main index lost 317.30 points or 0.41% to end Sunday trade at 77,569.1.

More than 1.1 billion shares valued at $75 million changed hands for the day.

Vehicle…

Iran’s railroad transportation capacity needs to increase fourfold to 88 million tons in about nine years to help fulfill the steelmaking target set in the 20-Year Vision Plan (2005-25), said an…

A large segment of Iran’s workforce is jobless.

A new study shows long-term unemployment at alarming levels, especially among college graduates and women. Although Iran’s economy is…

In a bid to minimize the export of unprocessed iron ore, all producers of the industrial material are mandated to prioritize meeting the domestic demand by offering their products in Iran…

Iranian steel buyers struggled to fix prices last week despite the stagnant market, which usually favors them in determining prices rather than sellers.

The above statement was made by…

Iran has no plans to take on Russia in Europe’s natural gas market, managing director of National Iranian Gas Company said on Sunday.

“We cannot compete with Russia in the European (gas)…

Expensive subsidies for fossil fuels and the negative attitude of authorities and stakeholders have resulted in Iran lagging behind global trends in the fast-emerging renewable sector.

Solar panels have been installed in Tehran's Pardisan Park for green electricity production, said Masoumeh Ebtekar, head of the Department of Environment.

She made the statement on her…

Norway's Statoil said on Sunday it had stopped production at its Statfjord A platform in the North Sea due to a fire, and started to evacuate personnel.

Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn.

Iran has no stockpiles of crude oil at sea and floating gas condensates are rapidly dwindling as exports pick up in wake of the lifting of international economic sanctions, says a senior official…

The National Iranian Tanker Company’s board of directors appointed Sirous Kianersi as the company’s new managing director on Saturday. According to IRNA, Kianersi will replace Ali Akbar Safaei,…

Italian Prime Minister Matteo Renzi’s cabinet passed a budget law that includes a corporate tax cut and measures to boost investments in an effort to revive political support and economic…

Albert Edwards, Societe Generale’s notoriously bearish strategist has a rare bit of positive news for the citizens of Britain, and it is about the pound.

European countries must not rely only on policies of the central bank to foster growth, but also must do their part, French President Francois Hollande said late Saturday, Bloomberg reported. “The…

Greece and its creditors start a fresh round of talks this week on reforming its labor market, a tricky task for a leftist government sliding in opinion polls but needed if the recession-hit state…

APEC as a group “can help instill global growth amid concerns of lower trade volumes and weakening productivity,” said Peru’s Minister of Economy and Finance Alfredo Thorne, as he inaugurated the…

Singapore’s export-driven economy shrank the most in four years in the third quarter, officials said, as manufacturing sharply contracted on weaker global demand.

Governor of the Central Bank of Iran Valiollah Seif has put economic growth for the first quarter of the current Iranian year (started March 20) at 5.4%.

About 33,000 tons of seafood worth $95 million were exported five months into the current Iranian year (started March 20), registering a 52% and 38% rise in weight and value respectively compared…

Close to 170,000 tons of apples worth $57.5 million were exported during the first half of the current Iranian year (started March 20), registering a 300% and 220% rise in weight and value…