Interbank rates declined further last week after recently bucking a four-month rising trend, indicating the regulator’s intervention to control rates was effective.  The rate dropped below…

Banks issued 75 trillion rials ($240 million) in ‘Productive Credit Certificates’, known by its Persian acronym Gam, in one month, head of the Central Bank of Iran public relations office said.…

The average annual producer price index for industrial-scale livestock farms stood at 67.3% in the first quarter of the current fiscal year (March 21-June 21), new data released by the…

“Housing and utilities (water, electricity, natural gas and other fuels)” registered 27.7% in annualized inflation in the fourth month of the current Iranian year (June 22-July 22), according to…

Iran’s foreign trade, excluding crude oil exports, stood at 10.99 million tons worth $8.94 billion during the fourth month of the current fiscal year (June 22-July 22), registering an 8% fall in…

The first power plant constructed with the investment of industries has been connected to the national power grid, a deputy managing director of Iran Power Generation, Distribution and…

Oil prices bounced higher from multi-month lows on Monday, as investors' appetite improved following data on US jobs and Chinese exports that eased recession concerns. Brent crude futures had…

Gachsaran Petrochemical Plant in Kohgilouyeh-Boyerahmad Province is in its final stages of construction by Iranian experts and engineers, with help from knowledge-based companies, managing…

More than 500 knowledge-based firms are active in oil, gas and petrochemical sectors, of which 50 are capable of competing with foreign brands and their goods and technical services are sold in…

Iran’s top diplomat called on the United Nations’ nuclear watchdog to distance itself from “sidetracking and non-constructive political issues” and settle the outstanding safeguards issues…

Tehran’s share market improved at the close of trading week on Wednesday, building on slight gains in the previous session.  The benchmark of Tehran Stock Exchange, the market cap-weighted…

The US dollar and other currencies posted decline in Tehran’s free market on Wednesday, apparently under the influence of reports about the resumption of the Iran nuclear talks. The greenback…

The National Development Fund of Iran, the sovereign wealth fund, is to deposit an extra 10 trillion rials ($32 million) with the Capital Market Stabilization of Fund (CMSF).   “Based on…

Banks and credit institutions gave 160 trillion rials ($516 million) in collateral-free loans after the government announced a new lending program in January.   According to a press…

The bond sale boomed this week thanks to contribution of banks and credit institutions but lack of interest from investors in the capital market.  In the 11th auction on Tuesday, 32…

A total of 1.55 million tons of goods have been handled at Chabahar Port during the first four months of the current Iranian year (March 21-July 22), according to a local official. “The figure…

A total of 9.72 million tons of goods worth $5.16 billion were exported from Bushehr Province’s customs terminals during the first four months of the current Iranian year (March 21-July 22),…

Iran and Turkey traded $2.86 billion worth of goods during the first half of 2022 to register a 40% year-on-year rise, the latest data released by the Turkish Statistical Institute show. Iran’s…

Contradictory statistics on youth employment have been published by official sources recently. 

Former German chancellor Gerhard Schroeder has offered “the simplest solution” to Europe’s current energy crisis – to switch on the Nord Stream 2 gas pipeline.

Nord Stream 2 "is ready…

The Consumer Price Index of “food and beverages” stood at 780.2 in the fourth month of the current Iranian year (June 22-July 22) to register a staggering 87% year-on-year rise, the highest…

Following a resurgence of Covid-19, Iran Chamber of Guilds has issued a directive requiring its members across the country to use masks, observe health protocols and receive booster doses of…

Venezuela’s Transportation Minister Ramón Velásquez said his country will buy 10,000 completely knocked down (CKD) and completely built up (CBU) vehicles from SAIPA Automotive Group.

Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting of OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer…

The National Iranian Oil Company’s gasoline export revenues reached $32 million between March 21 and April 20. According to the Islamic Republic of Iran Customs Administration's Statistics…