Oil prices edged lower as industry data showed US crude stockpiles rose more than expected and on worries a rebound in Covid-19 cases in top importer China would hurt fuel demand. Brent crude…

Gas supply to power plants and major industries, including steel, cement and petrochemical plants, has set a record in the first half of the fall this year. On average, 236 million cubic meters…

President Ebrahim Raisi underlined Iran and Russia’s will to expand their strategic relations in various sectors, saying the ties are growing and have bright prospects. 

A new electronic checks system will be piloted in three banks before its wide implementation in all banks, the Central Bank of Iran announced. As per the new check law, the digital secure check…

An estimated 3.71 billion retail transactions were processed by the domestic electronic payment network Shaparak in the seventh month of the Iranian calendar year to Oct 22. These were worth 7,…

Data released by the Central Bank of Iran show relatively higher growth in assets that can be readily changed into cash compared to less liquid assets.  Value of money, or M1, stood at 12,…

Gold coin prices dropped in Tehran market on Tuesday as the Central Bank of Iran launched the initial public offer for Bahar Azadi gold coin bonds at the Iran Mercantile Exchange (IME). 

Tehran Stock Exchange main index, TEDPIX, moved higher on Tuesday adding 17,982 points or 1.29% to end at 1,407,734.06. It was the eight session of the TSE’s improvement in fortunes after…

The Producer Price Index for the electricity sector during the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year, increased by 12%…

“Food and beverages”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation, registered an average annualized inflation rate of 60.1% in…

The government earned more than 2,700 trillion rials ($7.5 billion) in tax income during the current Iranian year’s first seven months (March 21-Oct. 22), according to the head of Education,…

Transactions between Iran and African countries stood at 1.65 million tons worth $881.16 million during the first six months of the current fiscal year (March 21-Sept. 22), registering a 47.1%…

The Purchasing Managers' Index for the industrial sector of Iran dropped in the current Iranian year’s seventh month (Sept. 23-Oct. 22), latest data released by the Statistics and Economic…

The construction of the South Pars Gas Field’s last onshore refinery in Asalouyeh, Bushehr Province, is complete. Mohsen Khojastehmehr, managing director of the National Iranian Oil Company,…

Sina Energy Gostar Holding is planning to build a pipeline for the transfer of petroleum products with the help of a Russian company, managing director of the holding said.

Iran has 60 hydroelectric power plants that account for 90% of renewable energy generated across the country. Based on Energy Ministry’s data, Iran’s renewable energy output capacity stands at…

Moscow is ready to mediate in the contacts between Iran and Saudi Arabia, Russian Deputy Foreign Minister Mikhail Bogdanov said on Tuesday, adding that the current problems between the two…

Reviving the 2015 nuclear deal is the best possible mechanism to reduce tensions between Iran and the West, according to a former diplomat.  “The best route—one that could ultimately…

Some 450,000 influenza vaccines have been distributed throughout the country to tackle the seasonal epidemic, head of the Health Ministry’s Center for Infectious Disease Control, Shahnam Arshi,…

The weekly production of commercial and passenger vehicles has reached 14,000 vehicles, according to the Iran Khodro (IKCO) Industrial Group’s deputy director for development and production.…

Despite the Central Bank of Iran warning banks against  interest rates higher than those set by the regulator, banks and credit institutions are oblivious to its entreaties and continue…

The recent hike in currency prices in the domestic market is largely due to inflationary expectations, which in and of itself has more reasons than one.  “US mid-term elections will be…

The Central Bank of Iran has launched the initial public offer for Bahar Azadi Gold Coin Bonds at the Iran Mercantile Exchange (IME). The sovereign gold bonds (SGBs) should help restore…

Tehran stocks jumped higher on Monday for the seventh day in a row. Tehran Stock Exchange main index, TEDPIX, gained 45,076.24 points or 3.35% to end at 1,389,752.61. About 11.47 billion shares…

Iran traded 379,218 tons of non-oil goods worth $409.74 million with Latin American countries during the first seven months of the current fiscal year (March 21-Oct. 22), latest data released by…