Gas supply to power plants increased by 6% in the first two months of this summer (June 22-Aug. 22) compared with the same period of last year, the head of the National Iranian Gas Company’s…

Oil prices rose slightly on Friday as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will…

Operations to repair and overhaul thermal power plants have started, director general of the Technical Office at the Thermal Power Plants Holding Company said.

Pipe-laying work to divert water from Talvar Dam in Kurdestan Province to regions in Hamedan is complete and the long-awaited plant will be inaugurated soon, managing director of Hamedan…

President Ebrahim Raisi said Iran’s active and effective presence in the activities of the Shanghai Cooperation Organization will certainly make its membership one of the most important…

Tehran Municipality on Wednesday its first real estate offer at the Iran Mercantile Exchange.  It included two apartments, which were bought in less than an hour after the offer was seen…

The Governor of Central Bank of Iran Ali Salehabadi says the CBI has enough foreign currency to pay for imports. “Almost $26 billion was given for imports from the beginning of current fiscal…

Bill Gates says the global hunger crisis is so immense that food aid cannot fully address the problem. What’s also needed, Gates argues, are the kinds of innovations in farming technology that…

The Economy Ministry generated 22.8 trillion rials ($73 million) in the last bond auction Tuesday held by the Central Bank of Iran.  The auctions are held weekly to raise funds for the…

The Central Bank of Iran has launched a pre-test phase of the Crypto-Rial, the central bank digital currency, the governor said Wednesday. 

Tehran Stock Exchange-listed mining companies had more than 2.76 quadrillion rials ($8.72 billion) in sales during the first five months of the current fiscal year (March 21-Aug. 22),…

The independence of central banks, necessary for the realization of a sustainable single-digit inflation, is one of the most basic principles for controlling inflation and creating stability;…

The fine for selling counterfeit car parts will be increased by 16 times and sellers will be blacklisted, a deputy industries minister announced. Mohammad Mehdi Baradaran added that once…

Fraser Institute’s latest annual report has ranked Iran among the 10 lowest-rated countries in terms of economic freedom. The new set of released data, which date back to 2020, show Iran at…

Tax revenues accounted for 2,000 trillion rials ($6.31 billion), or 48.5% of the government’s 4,120 trillion-rial ($13.01 billion) income during the first five months of the current fiscal year…

A total of 23,590 tons of aquatic feed were exported from Iran during the first five months of the current fiscal year (started March 21) to 12 countries, according to Abbas Mokhtari, an…

Reduction of snowfall in Iran has exacerbated the critical condition of dwindling groundwater resources, said the head of the Water Affairs Faculty at Shahid Chamran University in Ahvaz,…

The ongoing development programs at the Persian Gulf Star Refinery in the southern Hormozgan Province has helped increase its gasoline production in the first half of the current fiscal year (…

Oil prices inched lower on Wednesday on concerns of another US Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust…

OPEC is still forecasting robust oil demand growth of 3.1 million bpd for 2022 and a further 2.7 million bpd in 2023, despite concerns of a recession, buoyed by "still-solid" economic…

The main index of Tehran Stock Exchange, TEDPIX, gained 4,155.80 points or 0.30% on Tuesday to end at 1,393,126. About 5.75 billion shares worth 38.33 trillion rials ($132.19 million) changed…

After declining for four consecutive months, the loan-to-deposit ratio (LDR) posted monthly increase in the last calendar month to August 22. LDR stood at 81.1% in the month, up on 80.9% a…

Currency rates made significant gains against the rial on Tuesday triggering fresh demand in the domestic gold market.  The US dollar crossed the resistance level of 310,000 rials to buy…

The Ministry of Industry, Mine and Trade in collaboration with the relevant unions will soon start issuing license for gold trade on the internet. 

The Securities and Exchange Organization (SEO) has imposed new restrictions to discourage giant listed companies from offering large-scale share offers.  SEO has approved a decision based…