ECONOMY Feed Atom

Iranian, Syrian economy ministers discuss implementing reached agreements

2 years ago

16 October 2023

2:07 PM

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi said he has held talks with his Syrian counterpart on the sidelines of the annual meeting of the International Monetary Fund (IMF) in Marrakech, to discuss the implementation of the agreements reached between the two countries during President Ebrahim Raisi’s visit to Damascus.

Iran, Saudi Arabia seek expansion of trade ties

2 years ago

15 October 2023

12:48 PM

Head of Iran Chamber of Guilds Mojtaba Safaei hosted a meeting with Abdullah bin Saud al-Anzi, Saudi Arabia’s new Ambassador to Tehran, on Saturday evening, in which the officials discussed ways of expanding trade relations between the two countries.

Russia proposed oil supplies to Azerbaijan via the Baku-Tikhoretsk pipeline

2 years ago

14 October 2023

1:53 PM

Moscow and Baku are discussing the possibility of Russian oil supplies to Azerbaijan via the Baku-Tikhoretsk oil pipeline in reverse mode, the Russian government announced late on Thursday.

Putin says OPEC+ coordination to continue

2 years ago

11 October 2023

1:48 PM

Russian President Vladimir Putin said on Wednesday that coordination by the OPEC+ group of leading oil producers would continue to ensure predictability on the oil markets.

Iran, Belarus stress expansion of energy ties

2 years ago

11 October 2023

1:34 PM

During a meeting between Iranian Oil Minister Javad Oji and Belarussian Minister of Industry Rogozhnik Alexander Nikolaevich at the place of Iranian Oil Ministry in Tehran on Tuesday evening, the two sides stressed the need to expand relations in the field of energy.

Iran outdoes regional states in oil, gas exploration: NIOC chief

2 years ago

10 October 2023

1:57 PM

Iran has surpassed regional countries in oil and gas exploration since the 13th administration took office two years ago, said the National Iranian Oil Company (NIOC) managing director.

Iran receives $43 mln in damages from US government

2 years ago

8 October 2023

2:26 PM

Iran says it has received $43 million in damages from the United States under Case No. A15 of the Iran-United States Claims Tribunal.

Iranian economy to grow 2 times that of MENA in 2023: WB

2 years ago

7 October 2023

11:48 AM

RoydadNaft – In its latest economic report on the Middle East and North Africa (MENA), the World Bank has predicted a 4.1 percent…

Oil continues to tumble after previous session’s slide

2 years ago

5 October 2023

12:32 PM

RoydadNaft – Oil prices fell by more than $1 on Thursday, extending the previous session’s sharp losses as an uncertain demand outlook overshadowed any boost…

UK Exports to Iran Hits $40 Million in 7 Months

2 years ago

5 October 2023

12:11 PM

RoydadNaft – The United Kingdom exported $40 million worth of non-oil products to Iran in the seven months of 2023, showing a 14-percent growth compared…

Iran to be established a new free zone at border with Iraqi Kurdistan region

2 years ago

4 October 2023

2:17 PM

The Secretary of Iran’s Free Zones High Council announced that the Baneh-Marivan Free Zone located on the border with Iraq’s Kurdistan Region is going to be opened in the coming weeks.

Iran, Belarus to hold 16th Joint Economic Committee meeting next week

2 years ago

1 October 2023

12:24 PM

The 16th Iran-Belarus Joint Economic Committee meeting is scheduled to be held in Tehran on October 9-10, the portal of Iran’s Trade Promotion Organization (TPO) reported.

Canada’s economy stalled in July as previous rate hikes took hold

2 years ago

30 September 2023

1:04 PM

Canada's economy stalled in July and edged up slightly in August, data showed on Friday, highlighting a recent sluggish performance that prompted markets to trim bets for another interest rate hike next month.

Canada’s Top Growing Companies 2023: Saturn Oil & Gas Inc.

2 years ago

29 September 2023

2:02 PM

Saturn Oil & Gas Inc. is taking a unique strategy to growing a Canadian energy company, focused on generating positive shareholder returns through the responsible development of light oil weighted assets in Western Canada.

Russian oil sold to India at 30% above Western price cap, traders say

2 years ago

28 September 2023

12:47 PM

Russia is selling oil to India at nearly $80 per barrel, some $20 above the Western price cap, traders said and Reuters calculations showed, as tight global oil markets help Moscow generate strong appetite for its exports.

Erdogan: Azerbaijan-Nakhchivan corridor can pass through Iran

2 years ago

27 September 2023

12:29 PM

Turkish President Recep Tayyip Erdogan has welcomed Iran’s proposal regarding the so-called Zangezur corridor connecting Azerbaijan to Armenia, saying the corridor can pass through Iran in the event Armenia does not allow it to pass through its territory.

Iran, Qatar discuss strategies to expand financial, banking relations

2 years ago

27 September 2023

12:24 PM

During a meeting between the governors of the central banks of Iran and Qatar, in Doha on Wednesday, the two sides discussed the strategies for developing financial and banking relations between the two countries.

British International Investment eyes $1 bln investment in India clean energy projects

2 years ago

26 September 2023

12:54 PM

The UK government's development finance institution British International Investment (BII) plans to invest about $1 billion in Indian climate-related projects by 2026, a top official said, drawn to the country's expanding renewable energy capacity.

Iran, China Emphasize Strengthening Bilateral Cooperation in Standards Sector

2 years ago

24 September 2023

12:12 PM

Officials from Iran and China stressed the need to enhance bilateral cooperation in the standards sector within the framework of the revision of the document of cooperation aimed at facilitating trade and economic relations.

Oil price spike does not change European Central Bank’s view on inflation, Villeroy says

2 years ago

23 September 2023

1:07 PM

Bank of France head Francois Villeroy de Galhau, a governing council member of the European Central Bank (ECB), said on Saturday that the spike in oil and fuel prices did not change the ECB's objective to bring inflation back towards 2% by 2025.