Economy

  • WTI, Brent Prices Curbed by Higher OPEC Supply

    Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. Brent…

  • Iran plans to contain associated gas from oilfields

    Iranian companies will build infrastructure to contain and collect associated gas from oilfields in its southern Khuzestan Province, an official at National Iranian Oil Company (NIOC) said. The NIOC will sign two contracts worth $1.2…

  • Azerbaijan, Iran seeking to create economic development HQ

    Tehran and Baku plan to establish the Iran-Azerbaijan Economic Development Headquarters, said secretary general of Transportation and Logistics Federation of Iran. Mohammad Eyqarloo told Trend News Agency, “The proposal to set up the Iran-Azerbaijan Economic…

  • SAIPA madaresharghi

    SAIPA Setting Sights on Venezuela, Algeria Auto Markets

    As part of a push to expand SAIPA’s presence overseas, Iranian ambassadors to Venezuela and Algeria visited the automaker’s production facilities and R&D center over the weekend. “SAIPA can spearhead change in Iran’s automotive industries,”…

  • Oil madaresharghi

    Saudi Oil Output Dips Despite Promises to Pump More

    Saudi Arabia, which recently pledged oil-supply increases to tame rallying crude prices, cut production last month, according to OPEC delegates familiar with the matter. The biggest member of the Organization of Petroleum Exporting Countries pumped…

  • Lebanon Economic madaresharghi

    Lebanon Economic Situation Delicate

    World Bank Vice President for the Middle East and North Africa Ferid Belhaj said Monday that Lebanon’s economic situation was “delicate”, but dismissed the notion that there was reason to fear it. Belhaj’s comments came…

  • Azerbaijan madaresharghi

    Iran Invites Azerbaijan to Join New Railroad

    Iran’s Minister of Roads and Urban Development Abbas Akhoundi has invited Azerbaijan to join a new railroad that links the border town of Parsabad in Iran’s Ardabil Province to Mugan Plain in northwestern Iran and…

  • Power madaresharghi

    Iraq : Saudi Arabia to Supply Cheap Power

    Saudi Arabia has agreed to build a solar power plant and sell the electricity to Iraq at a steep discount compared to supplies the war-torn country previously bought from the kingdom’s regional arch-rival Iran. The…