The average annualized inflation in the ninth month of the current Iranian year (Nov. 22-Dec. 21) stood at 45%, the Statistical Center of Iran announced in a new report released on Thursday.

Russia and Iran are building a new transcontinental trade route stretching from the eastern edge of Europe to the Indian Ocean, a 3,000–kilometer (1,860–mile) passage that’s beyond the reach of…

One hundred tanker trucks manufactured by a domestic company (Arya Diesel Motor) have joined the transportation fleet of the National Iranian Oil Products Distribution Company, the head of…

Arya Sasol Polymer Company has produced over 987,000 tons of products during the first six months of the current Iranian year (March-September), registering a new production record in the…

Unlike other countries where the energy intensity rate (total energy consumption per unit of GDP) has witnessed a downtrend in the last decade, statistics show a massive uptrend in Iran in the…

The Director General of the International Atomic Energy Agency may visit Tehran in January for discussions on Iran’s nuclear program and cooperation with the agency, according to two European…

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A total of 428 domestically-made/overhauled train wagons worth 16.18 trillion rials ($40 million) joined Iran’s rail fleet on Dec. 20, during a ceremony attended by Minister of Roads and Urban…

An estimated 7 million gold coin bonds, the equivalent of 70,000 Bahar Azadi gold coins were sold in the capital market up until December 20 and are seen as pushing gold coin prices higher in…

The Central Bank of Iran has floated the possibility of raising  interest rates any decision must be first be approved by the Money and Credit Council MCC) before announcement. Economist…

Data released by the Iranian Steel Producers Association show Iranian steelmakers registered a 14% rise in the production of both semi-finished and finished steel products. According to the…

Two laws on scrapping age and scrapping age limit are being used by different organizations with contradictory results. The two laws were devised to get rid of worn-out cars, but they are not…

Iran has exported more than 195,300 tons of goods worth $115.4 million to Nigeria during the first eight months of the current Iranian year (March 21-Nov. 21), according to the spokesperson of…

Iran and Tajikistan traded 146,531 tons of goods worth $140.49 million during the first eight months of the current Iranian year (March 21-Nov. 21), registering a 151% and 190% year-on-year rise…

Iran needs 550 passenger airplanes to be able to adequately meet market demand, the head of Civil Aviation Organization of Iran (CAO), Mohammad Mohammadi-Bakhsh, said in a recent meeting of…

Russian cargo dispatched regularly by railroads will be transported through Azerbaijan to Iran’s Astara city in Gilan Province in the north of the country, Iranian Ambassador to Russia Kazem…

Oil prices were little changed on Wednesday, as a larger-than-expected draw in US crude stocks offset worries about rising Covid-19 cases in top oil importer China. Brent crude futures rose 8…

Power plants with a total capacity of 2,900 megawatts are under construction by the mining industry, which will become operational by the end of the next Iranian year (March 2024), a deputy…

The development of Azar Oilfield in Ilam Province is underway and the project will be handed over to the West Oil and Gas Production Company in the near future, the managing director of the…

The development of renewable energy can immensely curtail annual natural gas consumption in thermal power plants, Iran Renewable Energy Association’s (IrREA) secretary-general said.

Foreign Minister Hossein Amir-Abdollahian underscored Iran’s commitment to improving stability and security in West Asia, saying regional security can only be provided by the countries within…

US sanctions are contributing to environmental harm in Iran and preventing all people in Iran, including migrants and Afghan refugees, from fully enjoying their rights to health and life and…

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Russia’s second largest bank, VTB, has launched a new service allowing both individuals and businesses to transfer money to and from Iran, the lender said, RT reported.

The Central Bank of Iran says it is concentrating on developing efficient supervisory tools. “The plan for promoting electronic banking and remote service started three decades ago at the…