Economy
 
‘Islamic solidarity bank promotes economy of Ummah’, cleric

‘Islamic solidarity bank promotes economy of Ummah’, cleric

More than three decades into economic sanctions against the country, senior Iranian prayer leader hailed Islamic solidarity bank as grounds for economic burgeoning of the Muslim countries.

 
Iran, Turkey open 1st  letter of credit in national currencies

Iran, Turkey open 1st letter of credit in national currencies

Iran and Turkey have opened their first letter of credit for business transactions in their national currencies as the two countries move to ditch the US dollar and the euro in bilateral trade.

 
Mosques can play telling role in backing domestic production

Mosques can play telling role in backing domestic production

"Mosques can play telling role in urging people to use domestic products," stressed Seminary religious instructor.

 
Iran, Qatar to promote maritime ties: Qatari official

Iran, Qatar to promote maritime ties: Qatari official

Iran and Qatar have been trying to ease maritime transportation seriously between the two countries.

 
Russia may use national currencies in trade with Iran,Turkey

Russia may use national currencies in trade with Iran,Turkey

"Russia is considering payments in national currencies in trade with Iran and Turkey amid their escalating tensions with the US," Energy Minister Alexander Novak said.

 
Iran, Singapore to strengthen trade ties

Iran, Singapore to strengthen trade ties

The 10-percent growth in Iran and Singapore trade ties during March 21-November 21, 2017 shows that both governments are concentrated on expanding trade and economic relations.

 
Iran, Venezuela discuss bilateral issues

Iran, Venezuela discuss bilateral issues

Visiting Venezuelan Foreign Minister, Iranian Foreign Minister discussed matters of bilateral interests during a meeting in Tehran.

 
Iran, Turkey ink food agreement

Iran, Turkey ink food agreement

President of the Confederation of Iranian Food Industry Associations and Head of the Turkish Central Union of Agricultural Credit Cooperatives inked a food agreement between Iran and Turkey on Sat.

 
Beijing announces readiness to fight back US trade war

Beijing announces readiness to fight back US trade war 'at any cost'

China has announced it is ready to fight back US trade war 'at any cost' in a row with Washington following new $100 billion tariff on Chinese goods by US President Donald Trump.

 
Russia can transfer capital to Iran through European banks

Russia can transfer capital to Iran through European banks

"Russia’s Zarubezhneft Company can transfer its capital to the Islamic Republic of Iran via European banks and there is no problem in this respect," Deputy Petroleum Engineering and Development Company ...

 
Turkey, Iraq to open new border terminal

Turkey, Iraq to open new border terminal

Reciprocal technical visits will soon begin between Turkey and Iraq with a view to opening a new border crossing linking the two countries, according to Turkish Ambassador to Iraq Fatih Yildiz.

 
Oil has risen towards $70

Oil has risen towards $70

Oil has risen towards $70 as a result of a drop in drilling activity in the US and concerns that Washington could reintroduce sanctions against Iran.

 
Egypt’s debt interest reaches EGP 173.2 billion in 6 months

Egypt’s debt interest reaches EGP 173.2 billion in 6 months

The interest expenses due on debt in Egypt increased by 28 per cent annually in the first six months of the current fiscal year 2017-2018.

 
Bahrain makes biggest oil find in its history

Bahrain makes biggest oil find in its history

Bahrain has made the biggest hydrocarbon discovery in its history, with a huge oil and gas field found in the west of the country.

 
China to spend $300 mln on improved irrigation in southern Xinjiang

China to spend $300 mln on improved irrigation in southern Xinjiang

The Chinese government will spend 1.875 billion yuan ($298.92 million) to improve irrigation systems in the heavily ethnic Uighur southern part of the violence-prone far western region of Xinjiang, state ...

 
Iran, Iraq to swap oil

Iran, Iraq to swap oil 'in one to two weeks'

Top Iraqi official announced Baghdad is likely to start sending crude oil from Kirkuk to a refinery in the Iranian Province of Kermanshah 'in one to two weeks'

 
Beijing prepares to make Washington pay for metal tariffs

Beijing prepares to make Washington pay for metal tariffs

China has vowed to retaliate for the metal tariffs decided by the US President Donald Trump against China-made goods.

 
Saudi, US companies sign agreements worth $16 billion

Saudi, US companies sign agreements worth $16 billion

Saudi Arabian and U.S. companies have signed 36 memorandums of understanding worth $16 billion, the official SPA news agency reported .

 
OPEC, Russia discuss 10-20 year oil cooperation, says Saudi Crown Prince

OPEC, Russia discuss 10-20 year oil cooperation, says Saudi Crown Prince

The Organization of the Petroleum Exporting Countries (OPEC) is seeking a long-term cooperation agreement with Russia and other non-OPEC producers on oil output controls, the Saudi Crown Prince, Mohamed ...

 
UAE celebrates completion of its first nuclear reactor

UAE celebrates completion of its first nuclear reactor

The United Arab Emirates (UAE) announced yesterday the completion of the construction of its first-ever nuclear power reactor, official news agency WAM has reported.

 
China launches first oil futures contract to compete with US WTI and UK

China launches first oil futures contract to compete with US WTI and UK's Brent

China's first ever crude-futures contract has been launched, as the country seeks to have a greater say over pricing and challenge benchmarks in Europe and the U.S., Bloomberg reported Monday

 
Iran coastguard seizes 250,000 litres of

Iran coastguard seizes 250,000 litres of 'smuggled fuel' from Emirati boat

Iranian authorities claim to have seized at Emirati boat carrying 250,000 litres of smuggled fuel, al-Araby al-Jadeed reported .

 
Turkish firm to build new Khartoum international airport

Turkish firm to build new Khartoum international airport

Sudan’s Ministry of Finance has signed a deal with the Turkish company, Summa, to build the new Khartoum international airport at an estimated cost of $1.15 billion.

 
Investment in first indigenous car amounts to $3 billion: Minister Özlü

Investment in first indigenous car amounts to $3 billion: Minister Özlü

The launch of Turkey’s first indigenous car, which will amount to a total investment of $3 billion, may take place at the International Motor Show (IAA) in Frankfurt in September 2019, according to a ...

 
Wall Street down to worst week over US-China trade war fears

Wall Street down to worst week over US-China trade war fears

Wall Street skids to worst week since January as investors shied away from risk over possible trade war between China and US.

 
Trump seeks tariffs on $50B in Chinese imports

Trump seeks tariffs on $50B in Chinese imports

President Donald Trump has taken the first step in imposing tariffs on nearly $50 billion worth of Chinese imports.

 
China pledges retaliation as Trump prepares to announce new tariffs

China pledges retaliation as Trump prepares to announce new tariffs

In a new warning to Washington, Beijing pledges tit-for-tat measures should the US choose to slap trade sanctions against China over what it calls “the theft” of American intellectual property.

 
World Water Day: Migration growing due to lack of key necessity of life

World Water Day: Migration growing due to lack of key necessity of life

The World Bank has published its climate change report ahead of today's World Water Day. According to the report 143 million people will be forced to leave their homelands due to drought, floods, rising ...

 
China’s Silk Road fires up Iran’s rail revolution

China’s Silk Road fires up Iran’s rail revolution

Iran’s rail industry gets a fresh boost from China’s dedication of $845 million to build a train line connecting Tehran to the western cities of Hamadan and Sanandaj.

 
China aims to create over 13M jobs in 2018

China aims to create over 13M jobs in 2018

China targets to create over 13 million jobs in 2018, Chinese Premier Li Keqiang said on Tuesday.

 
 
Article
From Compromise to Partnership: The Impact of the Trump Administration’s Policy towards Russia on Iran

There are serious doubts over the exact route of the US domestic and foreign policies under Donald Trump due to his controversial positions on various issues. In the meantime, one of the important issues that attracted the attention of observers and analysts even before the election of Trump and during ...

 
Report
News Media
Gas for peace or war in eastern Mediterranean?

Maritime boundaries and Exclusive Economic Zones (EEZ) in the eastern Mediterranean have become subjects of dispute since hydrocarbon resources began to be discovered in 2009, particularly between states embroiled in long-standing political problems in the region.

Pakistan losing lucrative export market in Afghanistan

The increasingly cold, stalled and often tense ties between Kabul and Islamabad have practically wiped out Pakistan’s traditional market share, allowing new players such as Turkey, China and India to replace it in landlocked Afghanistan, traders said.

The toppling of Saudi Arabia as the world

Oil production in the United States is set to outstrip both Saudi Arabian and Russian output levels in 2018, according to a recent International Energy Agency assessment.

Public jittery as Turkish lira slides rapidly over political, economic issues

he spectre of economic hardship - if not outright crisis - is looming large yet again as the Turkish lira continues its rapid slide against the US dollar and euro, with some people already displaying signs of panic by talking of withdrawing their savings from banks as politicians revert to rhetoric ...

millions on their backs, few Euros in their hands

Morocco’s ‘cargo women’ carry goods worth millions of Euros on their backs.

 
 
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