• Three-month crude steel production tops 4.5m tons
    Iran produced 4.579 million tons of crude steel in the first three months of the current year, indicating a growth of 12.75 percent compared with the figure for the same period of 2016, which was 4.061 million tons.
  • Iran's four-year oil revenues hit $157b
    Iran's oil revenues during the tenure of President Hassan Rouhani from March 2013 to March 2017 reached $157 billion, announced the head of Management and Planning Organization of Iran.
  • Chabahar Port operations progressing fast: India
    Development operations in the strategic Chabahar Port in Iran for which India will invest $500 million is progressing fast and the country has already formed a global port company there, said India's union minister for road transport, highways and Shipping.
  • German Linde ready for direct investment in Iran’s petchem: Official
    German company Linde is ready for direct investment in Iran's petrochemical industry, announced Iran's deputy oil minister for international and commercial affairs.
  • Iran exports minerals worth $7b
    Iran exported minerals weighing 57.64 million tons and worth over $7 billion in the year to March 20.
  • China targets 35m vehicle sales by 2025
    China is targeting 35 million vehicle sales by 2025 and wants new energy vehicles (NEVs) to make up at least one-fifth of that total, the industry ministry said on Tuesday.
  • Italy hikes taxes to rein in budget deficit
    The Italian government said it was raising taxes on tobacco and cracking down on evasion of value added tax to help it reduce this year's budget deficit, as demanded by the European Union.
  • Inflation puts the brakes on Britain's economic activity
    Britain’s economy cooled considerably in the first three months of the year as higher inflation put a squeeze on disposable incomes, official figures are expected to show this week.
  • South Korean first quarter GDP growth to bounce sharply
    South Korea's economic growth likely accelerated at a sharper pace in the first three months of the year than the previous quarter as exports and capital investment tracked a recovery in the global economy.
  • Cyprus eventually produces fiscal surplus
    Bailed-out Cyprus generated a fiscal surplus of €64.4 million ($70 million), or 0.4 percent of its gross domestic product, last year after posting fiscal deficits in the previous eight years, the Statistical Service of Cyprus said.
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