Economy

Energy ministers have been laying the groundwork all week for Friday's biannual meeting in Vienna, Austria, where OPEC is expected to ease supply constraints that have been in place since January 2017, CNBC reported.OPEC kingpin Saudi Arabia and non-member Russia have urged major suppliers to ramp up production by about …

The session which opened after an hour-long delay will be one of the most challenging meetings of the oil cartel in recent years due to US President's statements and request from some OPEC member states to increase output.Before the start of the session, Zangeneh and Saudi Arabian Minister of Energy, …

The meeting took place prior to OPEC meeting in Vienna on Friday.In response to US demand to increase oil production, Saudi Arabia and Russia have given green light to raise oil production to offset reduction in Iran and Venezuela oil output in view of the US sanctions.However, Iran, Iraq and …

Iran ranks first in West Asia in terms of science output with the number of its college students rising to 4.8 million from 2.4 million, he said.Iran has made great progress in the fields of biotechnology, renewable energy, nanotechnology and stem cells, the Iranian first vice president said.There are 47 …

Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari and Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajić signed the MoU of the 15th session of the joint economic cooperation commission.The Iranian minister also inked another MoU with Serbian Minister of Construction, Transport and Infrastructure Zorana Z. Mihajlović on …

The country's imports in the afore-mentioned period showed a five percent decline compared to the corresponding period in 2017, Forud Asgari said.Statistics show that 9.984 billion dollars worth of commodities were imported to the country during the March-June period, he said.The head of the Customs Administration said the country's trade …

The EU has been seeking responses since Washington pulled out of the nuclear agreement with Iran (the JCPOA). The Agreement will collapse if Tehran loses the economic benefits of international trade and commerce. If major Western companies pull out – especially from the oil and gas sector – Iran will …

Private sectors play a significant role in developing the two countries' relations, Iraj Masjedi said in a meeting held in Baghdad where a number of senior Iraqi economic officials including Chairman of the National Investment Commission Sami Al Araji and President of the Federation of Iraqi Chambers of Commerce Jaafar …

In a meeting with Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi, Schmid noted that it is anticipated that an appropriate framework for cooperation would be set with direct support and contribution of the EU.She underlined that the EU is duty bound to find an efficient …

The minister, before leaving Tehran for Vienna to attend a meeting of the Organisation of Petroleum Exporting Countries (OPEC) told reporters that US president agrees with higher prices of oil in order to develop shale oil in that country, but attacks OPEC for rising oil prices to distract public opinion …