Saudi Arabia’s war on Yemen has brought the country’s improvised economy to its knees, forcing the people to use alternative and older technologies, says a fresh report.The report was conducted over a period of several weeks by Middle East Eye (MEE), a UK-based news organization which aims to shed more light on the economies of the Middle East.As Saudi Arabia and its allies continue to destroy millions of dollar worth of vital
Iran s crude oil exports to South Korea doubled in March 2015, compared to the same month last year, preliminary customs data released by the East Asian country showed on Wednesday.Seoul imported 570,338 tons of crude oil from Tehran last month, or 134,857 barrels per day (bpd), compared with 274,808 tons a year ago, according to the data.However, Asia s fourth-largest economy brought 1.4 million tons or 114,115 bpd of crude from the
The multinational oil and gas giant, Royal Dutch Shell plc is reportedly seeking to return to Iran once sanctions against the country over its nuclear program are lifted.Iranian media reports said Wednesday that the Anglo–Dutch energy company was mulling over investment opportunities in Iran again.Reports said Shell, headquartered in the Netherlands and incorporated in the UK, was already in debt to Iran to the tune of USD2.3 billion over
Growing optimisms over the success of Iran nuclear talks currently underway in Lausanne, Switzerland, have already boosted sentiments in the Iranian financial markets.Robust positive signs have specifically emerged in the Tehran Stock Market where the main index (TEPIX) has now reached 65,099 points. This came on the second of TSE trading in the new Iranian calendar year that started on 21 March 2015.
Analysts are speculating that
TEHRAN (FNA)- Secretary of Iran s Second International Auto Exhibition Sasan Qorbani announced that the number of international foreign companies that will take part in the exhibition has considerably increased.
"A sum of 55 foreign automakers and part-makers will take part in the exhibition," Qorbani said on Sunday.
He noted that the number of foreign guests participating in the event has also increased to 190, and said, "All
The British prime minister says his country will refuse to pay a £1.7-billion bill demanded as budget contribution by the European Union (EU), calling the Union’s behavior “appalling.”
"We are not suddenly going to take out our checkbook and write a check for two billion euros (USD 2.5 billion); it is not happening," said David Cameron in a news conference on the sidelines of an EU summit over the member states’ climate
Speculation has risen that Japan may have entered recession, as the economy of the world’s third economic heavy-weight shrank in the third quarter of 2012.
Workers in the Greek capital, Athens, have gone on a two-day strike to protest the government’s proposed tough austerity measures.
Exports of Iran s steel products increased by $57mln during the first seven months of the current Iranian year (March 20 - October 21, 2012).
Seyed Mostafa Azizian, General Director of Pharmaceuticals, Medical Treatment and Laboratories Department at Iran Veterinary Organization, said on Sunday that Iran is 95 percent self-sufficient in production of veterinary medicine.
Italian police forces have clashed with protesters who demand an end to harsh austerity measures introduced by the government of Prime Minister Mario Monti.
Several thousand Spaniards have taken to the streets in the capital Madrid to express their disapproval of government public sector cuts and tax hikes while offering financial support to ailing banks.
Deputy Energy Minister Mohammad Behzad announced here on Saturday that Iran s electricity exports have hit five billion dollars since the beginning of the current Iranian calendar year (March 20, 2012).
An Iranian lawmaker says halting the Islamic Republic’s crude oil exports by imposing sanctions on the country s oil sector will greatly increase oil prices in international markets.
Official data show that Spanish unemployment rate has exceeded 25 percent in the third quarter of 2012 as the country continues to grapple with economic woes.
A senior Iranian official underlined Tehran s intention to further reduce its dependence on oil revenues, and said the country is exporting its non-oil products to over 149 world states now.
Iranian Oil Minister Rostam Qasemi says Tehran will halt oil exports if more sanctions are imposed on the country.
A senior Iranian energy official says the country’s private sector will soon export several new oil consignments to international markets despite the illegal US-led sanctions against the country.
Protesters from the Occupy Los Angeles group have staged a demonstration in the Southern California city to demand an end to police brutality.
Provisional figures released by Greece’s national statistics authority have shown the country’s deficit and public debt for 2011 are worse than estimated.
By all indications, the US ruling class of Wall Street financiers is determined to follow Greece, Spain, Portugal, and Great Britain down the road to drastic austerity...
Thousands of Spanish students and teachers have taken to the streets in the capital city Madrid to protest against spending cuts in the European state.
The Iranian Foreign Ministry spokesman has warned that the new EU sanctions against the Islamic Republic will destabilize the already-worsening European economy further.
Greek protesters, including lawyers, notaries, and doctors across the debt-stricken country, have launched two-day-long protest against harsh austerity cuts imposed by the government.
The CEO of enablingMNT (www.enablingmnt.com), Henne van Heeren, from the Netherlands underlined that the Iran Nano 2012 festival and exhibition, held in Tehran early October, showed the ineffectiveness of the international and unilateral sanctions against Iran.
A vast majority of Israelis have expressed serious concern about the collapse of their failing economy, a survey shows.
Global oil prices have soared in the Asian markets after the European Union (EU) imposed a new round of sanctions against Iran over its nuclear energy program.
Gholamreza Togeh, head of Iran Blood Transfusion Organization, says based on the World Health Organization (WHO) announcement, Iran is among the world’s five top states in terms of high quality and safe blood products.
British Business Secretary Vince Cable says the collapse of the European single currency has the potential to plunge the continent into war.
Foreign Minister Ali-Akbar Salehi said on Monday that the western sanctions will not have lasting effect on Iranian economy.
The southern province of Bushehr has witnessed a 100- percent increase in its exports of minerals and construction materials in the first half of the current Iranian calendar year, started on March 20, 2012, compared to the preceding year, it was announced here on Saturday.
Deputy energy minister said Sunday that Iran is ready to export 6,000 megawatt electricity to India and Pakistan.
Damage from the British government’s massive austerity cuts to the country’s economy by 2015 will be £76 billion more than previously estimated, the International Monetary Fund (IMF) figures show.
Recent figures show the buying power of German elderly people has dropped as Europe s largest economy seeks to lower national pension contributions in a pension reform plan.
Amid the European Union provisional approval of new embargoes against Iran over its nuclear energy program, the Swedish government is trying to prevent the bloc from imposing further sanctions fearing loss of lucrative deals.
Pro-Palestine activists in South Africa have intensified their campaign to prevent the sale of goods produced by the Israeli regime.