Iran, seeking to triple petrochemicals production capacity within a decade, presented about 60 projects to potential investors at an event with international companies, including BASF SE, the world's largest chemical company by market capitalisation.

Iran's Islamic Republic of Iran Shipping Lines (IRISL) has announced plans to order new 18,000 TEU (Triple-E type) container vessels from Chinese yards, according to Iran's Press TV.

A battle for leadership is erupting in a variety of industries across Africa, with Africa-focused companies and multinationals vying for market share and each group counting on its unique strengths to gain an advantage, according to a report by The Boston Consulting Group (BCG), Dueling with Lions: Playing the New Game of Business Success in Africa.

With U.S.-led sanctions expected to be lifted soon as part of July's nuclear deal, Iran has unveiled a $120bn fleet expansion campaign.

A.T. Kearney's 2015 African Retail Development Index (ARDI) reconfirms the potential of many nations throughout Africa.