Middle East

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Oil prices fell on Monday as investors fretted over the outlook for global economic growth, while weekend talks between Iran and major powers ended on a generally positive note, suggesting an easing of tensions in the Middle East .
News ID: 5597    Publish Date : 2019/07/30

Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply sources, Minister of Economy, Trade and Industry Hiroshige Seko said Tuesday.
News ID: 5440    Publish Date : 2019/07/24

Director General of the Ports and Maritime Organization's office of Hormuzgan province Allah Morad Afifipour said that the British oil tanker, 'Stena Impero', which was seized by the Islamic Revolution Guards Corps (IRGC) in the Persian Gulf was seized because it ignored calls from a fishing boat after an accident in the waterway.
News ID: 5366    Publish Date : 2019/07/21

Iranian experts working for a knowledge-based company managed to produce calcium-based alloys with applications in auto industry.
News ID: 5183    Publish Date : 2019/07/15

Iranian Oil Minister Bijan Namdar Zanganeh, who is in the Austrian capital of Vienna to attend a meeting of the Organization of the Petroleum Exporting Countries (OPEC), is on a mission to preserve the Islamic Republic’s share of the global oil market.
News ID: 4994    Publish Date : 2019/07/02

This was another dull week for Iranian billet export market. In fact, the country’s billet export market went through resilient phase throughout the month.
News ID: 4974    Publish Date : 2019/07/01

With the implementation of new power generation projects, Iran’s total capacity to produce electricity will increase by about 5,000 megawatts (MW) by the end of the current Persian calendar year, (March 2019 – March 2020).
News ID: 4930    Publish Date : 2019/06/29

Oil tanker owners are raising the prices they charge to export Middle East crude as tensions surge in a region that accounts for about a third of all seaborne petroleum shipments.
News ID: 4899    Publish Date : 2019/06/25

An Iranian deputy economy minister highlighted the country’s numerous capacities to attract foreign investments and said more than 1200 foreign firms have invested in the Islamic Republic.
News ID: 4717    Publish Date : 2019/06/01

Oil prices rose again Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
News ID: 4566    Publish Date : 2019/05/18

As per the data released by IMIDRO, major Iranian steelmakers exported around 5.54 MnT of steel during last Iranian year (21 Mar 18-20 Mar’19). Export decreased by around 25% Y-o-Y. Standalone during the twelfth month export was noted to be around 457,585 MT, registered a downfall of 44% Y-o-Y.
News ID: 4414    Publish Date : 2019/05/04

Asia's mining sector continues to hold the greatest rewards globally, with positive business environments, rich mineral deposits, supportive infrastructure and political stability in countries holding the top positions in Fitch Solutions' Asia Mining Risk/Reward Index.
News ID: 4333    Publish Date : 2019/04/12

Iranian rolling stock manufacturer, Wagon Pars Company, built 290 freight and seven passenger wagons in the last Iranian year (March 2018-19) at a cost of 812 billion rials ($6 million), the company’s CEO said.
News ID: 4315    Publish Date : 2019/04/11

Kuwait will back an extension of OPEC-led production cuts beyond June if it's clear supply and demand factors warrant it, Haitham al-Ghais, Kuwait Petroleum Corp's manager for market research and the country's OPEC governor, said Wednesday.
News ID: 4312    Publish Date : 2019/04/11

Iraqi Finance Minister Fuad Mohammed Hussein and Iranian Economy Minister Farhad Dejpasand pledged to spare no efforts to double the current volume of trade between the two countries.
News ID: 4274    Publish Date : 2019/04/09

Governor of the Central Bank of Iran (CBI) Abdol Nasser Hemmati underlined that the US designation of the Islamic Revolution Guards Corps (IRGC) as a "terrorist organization" shows its failure in anti-Iran economic pressures and policies.
News ID: 4273    Publish Date : 2019/04/09

One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.
News ID: 4271    Publish Date : 2019/04/09

Indonesia recently extended anti-dumping duty on flat rolled iron & steel products from seven countries namely India, China,Taiwan, Thailand, Kazakhstan, Russia and Belarus.
News ID: 4164    Publish Date : 2019/03/29

Gas reserves in the Middle East can create opportunities for employment, business and peacemaking, according to Egypt's petroleum minister.
News ID: 3505    Publish Date : 2019/01/31

Tehran and Damascus signed a document to finalize previous agreements between the two countries for establishing a joint bank.
News ID: 3497    Publish Date : 2019/01/30

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