Tehran : The US efforts to ban Iran's oil exports will be futile as it is not an easy task to block the country's crude from the global market, an Iranian oil official said on Wednesday. Although some European companies, such as Shell and Total, have stopped buying...
Tehran : Iran announced a list of imported goods to be banned in a move to protect domestic products, media reports said on Sunday. All the banned items have their similar domestic alternatives, Farhad Noori, the Managing Director of Commerce Services of Trade...
New Delhi : A major spurt in food and fuel prices in the country pushed the wholesale price index (WPI) for May to 4.43 percent, to nearly double over the 2.26 percent registered in May last year and higher than the 3.18 percent recorded in April, 2018, Commerce...
Dubai : The United Arab Emirates' (UAE) biggest free zone Dubai Multi Commodities Center (DMCC) welcomed Islamic Bank of Afghanistan as its newest member, DMCC said on on Saturday. The bank, Afghanistan's first Islamic bank, will use service facilities of DMCC in...
Makkah : Members of the Saudi Arabian Scouts Association, serving Umrah pilgrims at the Grand Mosque, have been in joint efforts with staff at the Ministry of Trade and Investment to monitor commodity prices in Makkah. The scouts are ensuring that sellers are adhering...
Ankara : Turkish Foreign Minister Mevlut Cavusoglu said that Ankara was ready to impose retaliatory tariffs on US imports from June 21, after Washington's steel and aluminium tariffs. A total of $266.5 million in additional duties will be charged on 22 items of US...
New Delhi : The US is among G7 countries ranked lowest due to its continued support for fossil fuel exploration and production, as well as backtracking on previous pledges to end support to fossil fuels, new research has found. It said Group of Seven (G7) governments...
Bhopal : A 10-day nationwide protest called by farmer outfits entered its third day on Sunday in Madhya Pradesh, affecting vegetable and milk supply which in turn increased the vegetable prices. There were no reports of violence during the "Gaon Bandh" (rural...
New Delhi : Lower global crude oil cost, along with a strengthened rupee, pulled the prices of key transportation fuel -- petrol and diesel -- down by around nine paise in the four metro cities. On Saturday, Brent crude oil prices slipped to around $76 per barrel from...
Rome : Global tea consumption and production will keep rising over the next decade, driven by robust demand in developing and emerging countries, notably China and India, according to a new report by the United Nations Food and Agriculture Organisation...