Latest Business News

Iran Discovered New Gas Field in The Southern Province of Khuzestan

Iran Discovered New Gas Field in The Southern Province of Khuzestan

Base on reports, Iran has found a new gas field in the southern province of Khuzestan which is estimated to contain reserves as much as the South Pars gas field. The South Pars gas ...
Hussain Ibrahim Saleh al-Shahristani, The Iraqi Deputy Prime Minister for Energy

Iraq to Triple Oil Production in The Next Six Years

Hussain Ibrahim Saleh al-Shahristani, The Iraqi Deputy Prime Minister for Energy, anticipated that the oil production of this country will be triple in the next six years in cooperation ...
Germany Needs 200 Thousand Immigrants Per Year to Support The Economy

Germany Needs 200 Thousand Immigrants Per Year to Support The Economy

Base on the recent monthly report by Deutsche Bundesbank (German central bank) published on Monday, Germany needs about extra 200 thousand immigrants a year to compensate for the demographic ...
Iraq Exports 71 Million Barrels of Crude Oil in Last Month

Iraq Exports 71 Million Barrels of Crude Oil in Last Month

Iraqi official said on Saturday that Iraq’s oil exports amounted to 71.8 million barrels last month and achieved revenues of $8.4 billion. “The exported quantities of crude ...
Saudi Arabia to Ban The Import of Camels From Egypt Because of The Foot And Mouth Disease

Saudi Arabia to Ban The Import of Camels From Egypt Because of The Foot And Mouth Disease

The Ministry of Agriculture in Saudi Arabia announced on Sunday that the ministry decided to impose a temporary ban on the import of camels from Arab Republic of Egypt because of foot ...
Saudi Arabia Produces 10 Million Barrels of Crude Oil

Al-Naimi: Saudi Arabia Produces 10 Million Barrels of Crude Oil

The Minister of Petroleum and Mineral Resources, Ali Al-Naimi, announced that Saudi Arabia currently produces around ten million barrels of crude oil per day in April. That would be ...
Iran to Ban Imports From 100 European Firms

Iran to Ban Imports From 100 European Firms

Iran reportedly plans to ban imports from European companies as part of its countersanctions against the European Union (EU). Al-Alam News Network, announced on Wednesday that Iran ...
Iran Stops Oil Exports to Germany

Iran Stops Oil Exports to Germany

In response to the oil embargo that the European Union imposed on Iran on January 23, Iran oil ministry decided to stop the oil exports to Germany. On January 29, the Iranian oil minister ...
Iran's Pasargad Bank Offers Virtual Card For The First Time

Iran’s Pasargad Bank Offers Virtual Card For The First Time

For the first time in Iran, Pasargad bank offered and innovated Virtual Card services for its clients. According to public relation of the bank, Khosro Rafie, the head of PR department ...
Aramco Cut The Price of Oil Shipments For Buyers in Asia And Europe

Aramco Cut The Price of Oil Shipments For Buyers in Asia And Europe

Aramco reduced the price of oil crude shipments for the month of May to buyers in Asia and Europe. The company announced on Wednesday that it reduced the prices of Arabian Light crude ...