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        20 January 2019 - Sunday - 14 Jamada al-Ula 1440 | 20/01/2019 (13) 19/01/2019 (40) 18/01/2019 (27) 17/01/2019 (36) 16/01/2019 (30) Total: 146,996 content        Facebook Twitter Youtube

Economy

17 January 2019 14:59

As an ongoing shutdown of the US government over President Donald Trump’s border wall approaches its fifth week, analysts are warning that the cost of keeping federal agencies closed down will soon surpass the $5.7 billion that Trump has requested for his controversial barrier. The shutdown, which began on December 22, had cost the US economy $3.6 billion by January 11,...

17 January 2019 14:54

  Iranian Foreign Minister Mohammad Javad Zarif announced the country's willingness to ink a deal with Iraq to drop customs tariffs between the two countries. "The Islamic Republic of Iran is prepared to zero tariff rates between the two countries," Zarif said, addressing an economic forum in Iraq's Southern city of Karbala on Wednesday. He added that despite the US sanctions, Iran is...

16 January 2019 16:05

Iran will start bunkering operations at a newly-built ship fueling terminal on the Persian Gulf island of Qeshm by next month, the head of the Islamic Republic of Iran Shipping Lines (IRISL) said Wednesday. The 52,000-tonne capacity terminal will give Iran access to traffic on one of the world’s biggest shipping lanes in the Strait of Hormuz through which 40 percent...

16 January 2019 15:55

US officials are again backpedalling on their pledge to dry up Iran’s oil exports amid warnings of a surge in prices if Washington refuses to extend a waiver issued in November. US special representative for Iran Brian Hook had told an industry conference in Abu Dhabi Saturday that the United States was “not looking to grant any waivers or exemptions to...

14 January 2019 12:57

US President Donald Trump has disregarded Republican Senator Lindsey Graham's advice that he should reopen the government for a limited period of time. Graham, chairman of the Senate Judiciary Committee, offered the advice on Sunday in a bid to restart negotiations with Democrats amid doubts among the GOP over Trump’s possible emergency declaration. "Before he pulls the plug on the legislative option...

11 January 2019 16:24

The risk of an economic recession in the United States has grown to the highest level in seven years, according to a survey by economists. There is now a 25 percent chance of a recession within the next 12 months, the highest level since October 2011 and up from just 13 percent last year, a monthly poll of economists conducted by...

11 January 2019 8:11

  Iran has reached its goal of self-sufficiency in gasoline production. As Press TV's correspondent Ghanbar Naderi reports, the Islamic Republic has inaugurated the third phase of the Persian Gulf Star Refinery in the southern port city of Bandar Abbas.

10 January 2019 19:24

  Iran and Iraq oil ministers emphasized on Thursday that the two countries intend to deepen cooperation between the two neighboring nations, including their energy ties. The Iranian Oil Minister Bijan Zangeneh and his Iraqi counterpart Thamir Ghadhban held a joint press conference following their official talks in Baghdad. Heading a delegation, Zangeneh arrived in Baghdad on Thursday morning. The two ministers earlier today...

8 January 2019 15:08

India has started its commercial activities in Chabahar within the framework of a trilateral deal, also including Afghanistan, aimed at developing the southern Iran port into a regional trade hub. The countries signed the agreement in Tehran in May 2016 to establish a strategic transit and transport route connecting the trio, with Chabahar as the focal point. India then inaugurated a...

8 January 2019 14:33

The UK household debt has reached a new high as the result of the Tory government’s failing economic policies, a new research shows. The total amounts owed by British households rose to a combined £428 billion in the third quarter of 2018, according to the Trades Union Congress (TUC), which represents the majority of trade unions in England and Wales. This means,...

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