The economic impact on Germany of Russia's invasion of Ukraine will last years, influential economist Marcel Fratzscher of the German Institute for Economic Research told Reuters, adding that it…

No 2232

Tehran stocks rebounded on Tuesday to buck a five-day losing streak as small caps were well received by retail investors.   The equal-weighted index of Tehran Stock Exchange gained close…

The Central Bank of Iran on Tuesday unveiled a new platform ‘MahCheck’ that allows withdrawal of money from defaulters' accounts in other banks.

A report by the Monetary and Banking Research Institute (MBRI) shows that industrial input improved in the fourth calendar month ending July 22.  The industrial production index (IPI) rose…

An estimated 10.3 million tons of goods changed hands in the spot market of Iran Mercantile Exchange (IME) in the last calendar month to August 22. Compared to the month before, deals increased…

A Russian delegation of railroad officials met with the head of the Construction and Development of Transportation Infrastructure Company of Iran, Kheirollah Khademi, in Tehran on Monday to…

Iran’s exports to Afghanistan during the 11 months since the Taliban took power in the neighboring country reached 959,783 tons worth $1.48 billion, registering a 52% and 31% year-on-year…

A domestic knowledge-based company has produced equipment for small power plants at a price lower than foreign counterparts. “After the imposition of sanctions, we faced problems in supplying…

The average annualized inflation in the fifth month of the current Iranian year (July 23-Aug. 22) was at 41.5%, the Statistical Center of Iran announced in its latest report released on Tuesday…

Applying measures to control and reduce transaction costs is vital for the development of Iran’s economy, says Nasser Zakeri, an economist, in an article for the Persian daily Shargh.  A…

Iranian experts and engineers have indigenized a wellhead equipment with a working pressure rating of 15,000 pounds per square inch, which was unveiled at Shamsabad Industrial Town in Tehran on…

Transferring natural gas to power plants, industries and households on Kish Island in the Persian Gulf off the southern coast of Iran will help save 7,000 tons of liquefied petroleum gas and 500…

A senior Iranian diplomat voiced concern over the lack of progress in the implementation of the 1995 nuclear Non-Proliferation Treaty resolution and the 2010 action plan on the Middle East,…

Sell-side pressure again hit Tehran stocks Monday, for the fifth consecutive session, amid persistent outflow of capital by retail investors.  The main index of Tehran Stock Exchange,…

The Economy Ministry says creation of money by banks was cut by a third in the first four months of current fiscal year (March 20-July 22).  In a press statement seen on its website, the…

Per capita seafood consumption in Iran stands at 7 kilograms per year, which is way below the global average of 26 kilograms, according to the head of Agriculture and Food Commission of Iran…

Main exports from Khuzestan Province, excluding crude oil, hit 5.5 million tons worth $2.7 billion in the first five months of the current fiscal year (March 21-Aug. 22), registering a 16% and…

Iranian steelmakers registered growth in production during the first four months of the current fiscal year (March 21-July 22) compared with last year’s corresponding period. According to the…

Forex and gold prices posted significant growth in Tehran Monday, after continuous declines for two weeks.  The US dollar gained 1.55% during the day in Tehran's open market and was traded…

SAIPA plans to unveil two engines in the current fiscal year (started March 21) in cooperation with Mega Motor Company, according to the CEO of SAIPA Group.

Iran’s exports to Iraq during the first four months of the current Iranian year (March 21-July 22) registered a 15% decline compared with the similar period of last year.  The secretary-…

After a two-year break due to the Covid-19 pandemic, the 29th Iran Handmade Carpet Exhibition opened at Tehran’s International Permanent Fairground on Aug. 22. Around 400 producers of handmade…

To harness unconventional water resources for industrial use in the drought-stricken province of Khorasan Razavi, an agreement has been signed on Monday between the National Water and Wastewater…

The olefin unit of Kangan Petro Refining Company in Bushehr Province, which comprises the second phase of the company’s development project, has registered 81% progress and is expected to come…