Russian banks to create 'emergency plans' through stress testing

01/15/2013

Russian key lenders are to get advice from the Russian Central Bank (CBR) on how to create ‘emergency plans’ in case of a banking crisis. CBR wants to make sure lenders will have enough reserves and planning to tackle a crisis without State aid.

Iran’s non-oil exports predicted to hit $59.5b in next fiscal year

01/15/2013

Iran’s non-oil exports in the next Iranian calendar year, which starts on March 21, 2013, is predicted to hit $59.5 billion, Trade Promotion Organization of Iran Director Hamid Safdel stated.

China will offer deeper support to agriculture

01/13/2013

CHINA will give farmers better protection over the land they till, raise their incomes and improve public services for them to help narrow the gap between urban and rural areas.

China's oil imports from Iran reach 427000 barrels a day in Nov.

01/13/2013

TEHRAN (ISNA)-China's oil imports from Iran reached 427 thousand and 720 barrels a day in November 2012, ISNA reported. China's oil imports from Iran experienced a 6.3 percent drop compared to October and fell to 1 million and 760 thousand tons (about 427 thousand and 720 barrels) a day.

Iran to raise oil and gas refining capacity

01/13/2013

Iran is ready to inaugurate an oil refining facility in the west of the country, which is projected to add 125,000 barrels to the country’s oil refining capacity and 60 million cubic feet to its gas refining capacity per day.

Iran, Iraq, Syria ink MOU to boost transit co-op

01/13/2013

Iran, Iraq, and Syria have signed a memorandum of understanding to expand cooperation through boosting transit of goods through joint borders, the Fars News Agency quoted Iranian Deputy Roads and Urban Development Minister Shahryar Afandizadeh as saying.

BRICking investment

01/09/2013

The Russia-China investment fund pioneered by the two neighboring BRIC countries in 2012 is expected to become a trend with emerging economies uniting their efforts when the conventional powerhouses in the West seem to be fading away in the crisis.

Crazy money: Rich Russians shrewd super spending in the crisis

01/09/2013

In crisis they say, the rich get richer, and in 2012 Russia’s rich increased spending on the most bewildering of things. Delivering a live penguin to Monaco or finding a $500,000 present were among the unusual challenges for concierge services.