A senior Iranian oil official announced that the development of a major oilfield in the southwestern province of Khuzestan will be put to tender for the first time based on a new model of oil contracts, known as Iran Petroleum Contract (IPC), within the next four weeks.
Iran to launch first new-style oil tender in weeks
Tehran and Baghdad are in talks to conclude deals on developing two joint oilfields, announced a senior Iranian official.
Iran, Iraq mull two oil deals
Iran lifted its ban on imports of basmati rice from India, a report said.
Iran lifts Indian rice import ban
French carmaker PSA Group said global vehicle deliveries rose by 5.8 percent last year, propelled by strong sales of its Peugeot brand in Iran and the continuation of the European auto market's recovery.
Iran helps PSA raise sales in 2016
China has opened a line of credit, worth $1.3 billion, to finance the development of Abadan Oil Refinery in the southern province of Khuzestan, announced the chief executive of National Iranian Oil Refining and Distribution Company.
China extends $1.3b for renovating Abadan refinery
Iran Air formally took delivery of an Airbus A321 on Wednesday — the first in a batch of 100 jets ordered by the flag-carrier under a landmark fleet-renewal deal with the airframer.
Iran Air receives first Airbus jet
French carmaker PSA Group said global vehicle deliveries rose by 5.8 percent last year, propelled by strong sales of its Peugeot brand in Iran and the continuation of the European auto market's recovery.
Iran helps PSA raise sales in 2016
The World Bank on Tuesday pared back its global growth estimate for 2017, but uncertainty about the economic policies of incoming US president Donald Trump is clouding the outlook.
WB: Uncertainty over Trump policy clouds global outlook
China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said.
Banks forced to cover tracks of China's forex regulator
Income inequality in Britain narrowed in the 2015-16 financial year as poorer families got help from low inflation and retirees gained from generous pensions, but many people of working age lost out, official data showed on Tuesday.
ONS: UK inequality narrows but many working age Britons lose out

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