Iran’s annual petchem exports projected to hit $14b


Iran has exported over $10 billion worth of petrochemical products since the beginning of the current Iranian calendar year (March 20, 2012), and the figure is projected to hit $14 billion by the end of the year.

‘Burgernomics’ show Russian rouble still highly undervalued


The Economist has released its so-called Big Mac index where Russian rouble finds itself in the top ten of the world’s undervalued currencies.

Iran boosts export muscle with new oil tankers


Iran has taken delivery of several new tankers from Chinese shipyards, giving it greater flexibility in maintaining oil exports in the face of Western sanctions.

Interest rates in Russia to stay high as Central Bank fights inflation


The Central Bank of Russia is between rock and a hard place, as high inflation is leaving no room to ease monetary policy. Both politicians and businessmen say interest rates should be lower to spur economic growth.

Visa sued by Australian competition regulator for abuse of market power


Credit card giant ‘Visa’ has been sued by Australia's competition watchdog for misusing market power to boost profits. It allegedly barred customers and retailers from using currency conversion systems of their choice when doing business.

Iran’s annual seafood exports to hit $300m: officia


Iran will export as much as $300 million worth of fishery products by the end of the current Iranian calendar year (March 20), IRNA quoted State Fishery Organization head Gholamreza Razeqi as saying.

Iran’s electricity exports increase 32%


The Islamic Republic’s electricity exports to neighboring countries have increased by about 32 percent since the beginning of the current Iranian calendar year (March 20, 2012).

Crude oil consumption climbs 4.9%


CHINA'S crude oil consumption rose 4.9 percent to 476.13 million tons last year, the country's top planning agency said today.