Economy

Iran discovers 13 oil fields in 1 year

Iran has discovered 13 new oil and gas fields with in-place reserves of 14 billion barrels of oil and 45 trillion cubic feet of natural gas within the past 12 months.

Isfahan opens 4th largest pharmaceutical factory

The fourth largest pharmaceutical factory in Isfahan was inaugurated on Saturday with Minister of Health, Treatment and Medical Education, Marziyeh Vahid Dastjerdi in att...

China to invest $1bn in Iran

Iran and China are to finalize a deal in the coming days on the latter's corporate investment in Iranian petrochemical projects.

UK car production drops in July

Car production in the UK has declined in July, dropping almost 9 percent on the same month last year, new figures have revealed.

Canadian economic growth has eased

Canadian economic growth has seen a slowdown in July after the country's housing market slowed, a leading economic index reveals.

Asian stocks show mixed signals

Asian markets have been showing mixed signs amid worries of a weak global economic recovery while Wall Street has closed lower over pessimism about the US economy.

Russian wheat export ban executed

A ban on exports of wheat and other grains has come into force in Russia, after a severe drought and a spate of wildfires devastated crops in the country.

Iranian Automaker to Export 31,000 Cars to Iraq

A report by the IKCO public relations said on Sunday that the company has planned to expand its overseas sales in the Middle-Eastern countries, including Iraq.

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