The first unit of Bushehr Nuclear Power Plant with a capacity of 1,050 megawatts is operational and the construction of two more units with the same capacity is on the agenda of the Atomic…

The development project of Nargesi Oilfield in southern Iran has been assigned to Dana Energy Company to produce 6,000 barrels of oil per day in about 40 months.  After the project’s…

The National Petrochemical Company's short- and long-term goals to raise output cannot be attained unless value chain completion in the lucrative sector is accelerated with the help of local…

Malaysia’s Prime Minister Ismail Sabri Yaakob said Iran is a crucial trading partner for the Southeast Asian country.  “We’re very glad that bilateral trade relations have dramatically…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei called on the government to deliver on its promises and avoid making unattainable pledges so as not to destroy people’s hard-earned…

French Prime Minister Elisabeth Borne has warned company bosses about the risk of energy rationing this winter and urged them to take steps to reduce their consumption.

Regulations for car imports, approved by the Council of Ministers on August 17, were announced by First Vice-President Mohammad Mokhber on Aug. 25. Although the price of imported cars has a…

The Central Bank of Iran on Monday unveiled an online platform that will be used to keep track of overnight interbank transactions.  The system is known as “Taba”(Persian acronym for…

Tehran stocks ended mixed on Monday as large caps stumbled in choppy trade while a small caps advanced.  The main gauge of Tehran Stock Exchange, TEDPIX, pared some early losses and…

Insurance companies in close collaboration with the regulator are developing innovative insurance packages to build and expand services in the rapidly growing industry, head of the Central…

The Iranian Privatization Organization has added 20 state and government owned companies to the list that the government plans to fully divest.  According to a press release seen on the…

A 125-strong business delegation from Russia made up of representatives of 78 companies are scheduled to visit Tehran from Sept. 19-21 to meet their Iranian counterparts and survey ways of…

“Tobacco”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the Consumer Price Index, registered an annualized inflation of 37.7% in the fifth…

Iran’s exports, excluding crude oil, stood at 44 million tons worth $20.92 billion in the first five months of the current fiscal year (March 21-Aug. 22), registering a 3.5% decline in weight…

Energy prices, foreign exchange rates and the interest rate are economic variables, in which changes influence policymaking but are considered a taboo in Iran’s politics. This was stated by Ali…

The National Iranian South Oil Company is ready to double crude production capacity in the shortest possible time after the US sanctions are removed, the company's director of integrated…

Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural gas prices in Europe,…

The project to export liquefied petroleum gas from Bandar Abbas, Hormozgan Province, has been launched to help prevent the annual waste of 2,000 tons of LPG that was burned in the past. …

The first phase of a desalination plant in Nimruz County, Sistan-Baluchestan Province, was launched on Monday to help supply drinking water to the urban and rural areas of the region from the…

President Ebrahim Raisi underlined Iran’s key demands in talks to revive the 2015 nuclear deal, saying his administration will not give up on the rights of the Iranian nation.

The main index of Tehran Stock Exchange, TEDPIX, shed 5,958.24 points or 0.41% on Sunday to end trade at 1,444,086. Sell-side pressure swept almost all shares as the TSE’s equal-weighted index…

The Central Bank of Iran says it expects growth in the use of its recently-unveiled instant interbank transaction network, known as Pol.  Hamidreza Norouzi, the head of the Pol project,…

The Majlis on Sunday began debating a controversial banking bill amid mounting concern by experts about the potential flaws that could undermine the central bank.

Iran’s review of the US response to the European Union’s proposed text on the revival the 2015 nuclear deal and Tehran’s additional adjustments will continue until no sooner than Friday,…

A US appeals court on Friday upheld the decision of the Federal Communications Commission to approve a SpaceX plan to deploy some Starlink satellites at a lower Earth orbit than planned as part…