2013: Lucky or unlucky for the world economy?


The Russian economy managed to live through a tough 2012 and could be among the fastest growing in Europe in 2013. It’s set to rise 3.5% - 4%, with Western Europe remaining a strong threat and a major long term reshape of the economic map looming.

Climate change threatens French wine


From rising shorelines to devastating hurricanes, the visible effects scientists say climate change is wreaking on daily life no longer surprise many people around the world.

Large petchem complex comes on stream in western Iran


Iran inaugurated a large petrochemical complex, with a projected annual output of 300,000 tons of high density polyethylene, in the western province of Kermanshah on Tuesday.

Iran-Turkey trade rises 40%, tops $20.8b


The value of trade between Iran and Turkey surpassed $20.8 billion in the first 11 months of 2012, which was a rise of 40 percent compared to the same period in 2011.

Over $115m worth of goods exported via Aras Free Zone


Iran exported about $115 million worth of goods via its Aras Free Zone (AFZ), northwest of the country, during the first nine months of the current Iranian calendar year, which began on March 20, IRNA quoted the AFZ director Sadeq Najafi as saying.

Gold futures price rises 7% in 2012, posts longest winning streak in decades


The precious metal was an attractive investment as policymakers around the world moved to stimulate their economies.

Sony ends PlayStation 2 production


Sony will stop producing and shipping the PlayStation 2.

Iran has discovered 11 billion tons of minerals in 3 years


Over the past three years, Iran has discovered over 11 billion tons of minerals, ISNA quoted Deputy Industry Minister Vajihollah Jafari as saying on Monday.