Iran exported $248 million worth of goods to South Africa during the first seven months of the current Iranian year (March 21-Oct. 22), according to the deputy head of Iran-South Africa…

Iran’s economy is not doing well and its prospects are not promising either. Year-on-year inflation rate has increased from 34.7% to 48.1% and the rial’s exchange rate against the US dollar has…

About 3 million smart meters are expected to be installed across Iran for high-consuming subscribers in agricultural, industrial and household sectors by next fall, the head of Iran Power…

Iraq has settled all payments related to purchases from the National Iranian Gas Company, the Iranian oil minister said.  “Last year, we received about €1 billion [$1.05 billion] and this…

The construction operation of Karoun Nuclear Power Plant in Shadegan County in Khuzestan Province has started, the head of the Atomic Energy Organization of Iran said on Saturday. “The 300-…

Several prospective companies have withdrawn from the race to import cars because of unspecified tariffs and mechanism for selling the cars via IME. 

International Monetary Fund Managing Director Kristalina Georgieva flagged rising inflationary pressures and China's economic slowdown as risks to Asia's economic outlook, calling on…

What is the reason behind the decline in Iran’s exports to Iraq, Afghanistan and other neighboring countries? Why did Pakistan decide to part ways with Iran in energy trade? What is Iran’s…

The production sector has suffered the biggest loss from government-imposed pricing policy and increased liquidity over the years, the chamber of commerce says.

Central Bank of Iran data show relatively higher growth in assets that can be readily cashed compared to less liquid assets.  Value of money, or M1, stood at 12,742 trillion rials ($35.89…

Trade at the Iran Mercantile Exchange (IME) reached 5,886.2 trillion rials ($16.5 billion) in the first eight months of the calendar year to November 22. Overall trade was 48% higher on the…

Iran’s trade with member states of the Organization of Islamic Cooperation, excluding crude oil exports, reached 46.64 million tons worth $30 billion during the first seven months of the current…

A total of 192,138 tons of goods worth $74.59 million were exported from Iran’s Semnan Province during the first eight months of the current Iranian year (March 21-Nov. 21), registering a 3%…

Legalities for the creation of a free trade zone between Iran and the Eurasian Economic Union are expected to be finalized within a month, Iranian Deputy Industries Minister Alireza Peymanpak,…

A total of 116,000 tons of fresh tea leaves were produced in Iran’s three northern provinces this year, out of which 26,000 tons of processed tea were produced, according to the head of Iran Tea…

More than 1.38 million tons of goods worth $545.31 million were exported from Khosravi Border Terminal in Kermanshah Province’s Qasr-e Shirin County during the first eight months of the current…

More than 1.41 million tons of steel rebar were exported from Iran during the first seven months of the current fiscal year (March 21-Oct. 22) to register an 8% rise compared with the…

“Food and beverages”, one of the  12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation rate of 61.8% in the eighth month of…

How will the Iranian economy and the livelihoods of Iranians fare in the coming years? Not a favorable one, given the current governing approaches and the dismal economic indicators. Note that…

Iran and Turkmenistan have agreed to boost power exchange by laying a new transmission line and renewing power trade agreement in 2023.

OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact of a pending ban on Russia’s crude…

To help improve the quality of drinking water in Kurdestan Province, President Ebrahim Raisi inaugurated a project to pump water from Azad Dam to Sanandaj water treatment plant on Thursday, the…

Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, seeks to increase annual output to 2 million tons of products this year (March 2022-23), managing director of the company said…

President Ebrahim Raisi said the enemy made a “miscalculation” by instigating the recent riots over the death of a young woman of Kurdish descent in Iran, but the Iranian nation thwarted their…

A knowledge-based company has developed a crusher and offers services to ease electrical waste management in an environmentally-friendly way.