Iran to hold 38% share of petchem output in Mideast by 2015


Iran will account for 38 percent of petrochemical production in the Middle East by the year 2015, the National Iranian Petrochemical Company (NIPC) planning manager said on Sunday.

Slovenia to adopt austerity plan in bid to avoid bailout


Slovenia, one of the EU's most recent members, is struggling to avoid becoming the fifth eurozone country after Cyprus to ask for financial aid. The challenge for the Alpine country, once a model of socialism, is to prevent an international bailout.

South Pars gas field to attract $30b this year


Some $30 billion will be invested in Iran’s South Pars gas field in the current Iranian calendar year, the National Iranian Oil Company managing director (NIOC) stated.

India, Iran trade poised to cross $25b in 4 years


Bilateral trade between India and Iran is poised to cross $25 billion within four years, according to Hassan Nourian, Consul General of Iran.

Europe's other potentially toxic food: salmon


Horsemeat could seem downright appetizing to European consumers compared to what might be in their fish.

Kenya's new 'Lunatic Express' to remake town as region's trade hub


NAIROBI, Kenya — Just over a century ago, Nairobi was nothing more than a cluster of huts and a railway depot — a remote way station on a plateau between the Indian Ocean port of Mombasa and landlocked Uganda.

Chinese consumers mobile shop more frequently than peers


Here is another record for China: Over the next 12 months one in four Chinese consumers are going to use their smartphones or tablets to shop online, double the global average, says the latest PricewaterhouseCoopers (PWC) survey.

Iran, Kazakhstan, Turkmenistan to connect railway networks


Iran, Turkmenistan, and Kazakhstan will inaugurate a joint rail project in the coming days which will connect railway networks of the three countries, Iranian Railways Company Managing Director Abdol-Ali Saheb-Mohammadi announced on Tuesday.