The Indonesian government needs to double spending on infrastructure to $500 billion in five years, a top official of the world bank said.
WB urges Indonesia to double investment in infrastructure
Italy's industrial sector posted a significant growth in May, according to latest data released by the National Institute of Statistics (ISTAT).
Italy's industrial turnover rises by 1.5% in May
Export-Import Bank of China (EXIM) signed a $1.5-billion deal to finance the electrification of a high-speed rail line between the Iranian cities of Tehran and Mashhad.
China's EXIM inks $1.5b deal for high-speed rail in Iran
A much-awaited gas pipeline to Iran's northern areas, which will come on stream next week, will guarantee a steady supply of natural gas to the regions that experienced harsh winters in the past when neighboring Turkmenistan cut off gas supplies to Iran.
New pipeline to guarantee steady supply of gas to north Iran
Iran's Khazar Exploration and Production Company (KEPCO) announced on Tuesday that it has held talks with foreign energy companies on developing oilfields in the Caspian Sea.
Iran holds talks with foreign firms on developing Caspian Sea oilfields
South Korea on Tuesday raised its growth forecast for 2017 by 0.4-percentage point to three percent as Asia's fourth-largest economy has been basking in brisk exports led by the global economic recovery.
South Korea revises up economic growth forecast for 2017
The rise of the machines is coming. In technology-proficient Singapore, their integration into the economy could help the domestic growth rate to almost double and significantly lift labor productivity, according to a report by consultancy Accenture.
Self-driving buses, robot aides could double Singapore's growth rate
When the finance ministers of the G7 countries proposed the G20 in the late 1990s, a good sense of realism prevailed. They recognized that addressing issues of global finance required the political support from — and involvement of — emerging market economies.
The G20 needs to go back to its roots
The International Monetary Fund (IMF) revised up its growth forecast for the Spanish economy in 2017 and 2018 to 3.1 percent and 2.4 percent, respectively.
IMF revises up growth forecast for Spain's economy
The rolling unit of Abarkuh's Sarmad Iron and Steel Industries Company was inaugurated in the central Iranian province of Yazd on Saturday in a ceremony attended by Industry, Mine and Trade Minister Mohammadreza Nematzadeh.
500,000-ton rolling unit becomes operational in central Iran

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