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 27 March 2015 - Friday - 7 Jumada al-Thani 1436 | 27/03/2015 (82) 26/03/2015 (75) 25/03/2015 (56) 24/03/2015 (44) 23/03/2015 (39) Total: 86,780 content Facebook Twitter Youtube

Economy

26 March 2015 19:31

Crude oil prices jumped almost six percent on Thursday after Saudi Arabia and its allies started military aggression against Yemen. Brent crude surged $3 to trade at $59.71 a barrel. US oil rose $2 at $52.24 a barrel, presstv reported. While Yemen is not a major oil producer, its location near oil trade lanes gives it a potential chokehold and stokes concerns...

21 March 2015 11:14

Iranian President Hassan Rouhani has vowed to increase sustainable development, job opportunities and non-oil exports in the new Iranian year. Rouhani made the statement in his annual message to the Iranian nation on the occasion of the Persian New Year early on Saturday. He hailed the Iranian nation for standing by the government in the implementation of the resistance economy. Without the support...

19 March 2015 13:09

The Organization for Economic Cooperation and Development (OECD) has warned of fresh global economic woes following a period of mild growth. The falling price of oil and low interest rates have sparked modest global economic growth but pose risks to financial stability, the OECD said Wednesday. Revising its November forecast upward by 0.1 percent, the Paris-based thinktank said it expected aggregate growth...

16 March 2015 22:17

President Hassan Rouhani will inaugurate the biggest phase of South Pars project in the Persian Gulf province of Bushehr on Tuesday. Phase 12 is the biggest in the gigantic gas project which is totally developed by Iranian experts in absence of any foreign assistance. About 7 billion dollars of investment has been spent on the project so far. Economic experts are optimistic about...

14 March 2015 12:51

A senior official at the National Iranian Oil Products Distribution Company (NIOPDC) said his company is ready to export nearly 56 million liters per day of fuel to the international markets. Hossein Aqayan said that replacement of natural gas with liquid fuel in power plants and industries and has paved the way for the exports of 41 million liters of kiln...

13 March 2015 19:29

Iran has not received yet $7.8 billion in revenues from the sale of its crude oil in recent months, Government spokesman Mohammad Baqer Nobakht said on Thursday without explanation. Iran’s oil customers are mainly China, India, Japan, South Korea and Turkey but US and European sanctions are preventing international banks from transferring money to the Islamic Republic. Those clients have cleared some...

11 March 2015 19:40

Pakistan’s National Electric Power Regulatory Authority (NEPRA) has reportedly approved the import of electricity from Iran for three decades. NEPRA approved the import of 1,000 megawatts (MW) of electricity from Iran for 30 years at the rate of 8-11 Pakistani rupees (nearly USD 0.1) per unit, for which Tehran is ready to provide 70 percent financing for the transmission line to...

10 March 2015 13:25

Britain’s wealth gap has dramatically widened in the past decade, with the rich becoming 64 percent more well-off and the poor getting 57 percent poorer, a think tank reveals. The Social Market Foundation released on Tuesday a report which analyzed the changing earnings and saving of thousands of Britons between 2005 and 2012-13. The think tank said the wealth among...

9 March 2015 15:40

The number of Americans aged 16 and older not participating in the labor force hit 92,898,000 in February, tying December’s record, according to data released by the Bureau of Labor Statistics (BLS). Over the longer trend, the labor force participation rate was between 62.9 percent and 62.7 percent from April 2014 through February, and has been hovering around 62.9 percent...

9 March 2015 15:34

Israel is Suffering the “Worst Crisis since its Creation” under Netanyahu’s Leadership : a Former Mossad Director Israel is suffering the “worst crisis since its creation” under Netanyahu’s leadership, a former Mossad director told a crowd of up to 50,000 in Tel Aviv. Delivering his keynote speech, Meir Dagan, the former Mossad director spoke of the government’s lack of vision...

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