British economy shrank in the second quarter of the year, official data has revealed as the country edges closer to recession.

Iran’s finance minister says oil exports revenues are collected after 90 days from delivery dates.

Iran’s Khandouzi was due to attend the IMF/World Bank Spring Meetings in Washington next week.

British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances.

Iran’s finance minister says detailed talks on Iran-China partnership deal has kicked off.

Iran’s finance minister vows he will seek to increase tax-to-GDP ratio by a half over the next four years.

Iran’s finance minister says share of e-commerce in GDP more than doubled over the past two years.

Iran’s finance minister says a new economic deal with China is effective without parliament approval.

Pakistan’s prime minister has sacked the country’s finance minister over his failure to control inflation, setting about a major reshuffle in his cabinet as the government is struggling to revive the economy.

The United Arab Emirates finance minister and the deputy ruler of the emirate of Dubai, Sheikh Hamdan bin Rashid Al Maktoum, dies at the age of 75.