The interbank rate stood near 20% for months before making a steady but subtle rise above 21% on Saturday.  It hit 21.14% to reach the highest in the past year and a half, according to…

The Economy Ministry says it reimbursed 496.31 trillion rials ($1.6 billion) bonds (principal and interest) since the beginning of current fiscal year until July 11.  Of this 370 trillion…

More than 150,000 tons of sugar have so far been imported into Iran since the beginning of the current Iranian year on March 21, secretary of Sugar Refinery Factories Association said earlier in…

Iran and Turkey traded $2.35 billion worth of goods during January-May 2022 to register a 42.88% year-on-year rise, latest data by the Turkish Statistical Institute show. Iran’s exports stood…

The Purchasing Managers' Index for the industrial sector of Iran has dropped in the third month of the current fiscal year (May 22-June 21) after a spike in the second month, which in turn…

The rise in government borrowing through the sale of bonds does not have a worrying effect on inflation and the nominal interest rate in a stable economy with an inflation rate of 2% and zero…

Iran’s full membership of the Shanghai Cooperation Organization, a transcontinental political, economic, and security alliance, is expected to be finalized by next year, according to reports…

The third phase of a major water supply plan, dubbed Ghadir Water Supply Project, which is underway in Khuzestan Province, has gained momentum and progressed by 83% in less than nine months, the…

The death of qanats (aqueducts) in Khorasan Razavi Province’s counties has accelerated due to the drilling of deep wells, both legal and illegal, the head of Gonabad Qasabeh Qanat World Heritage…

The parliament has ratified an article that obliges the Energy Ministry to provide electricity subscribers with smart meters. According to the decision taken on Monday, high-consuming…

Health Minister Bahram Einollahi on Saturday announced that Iran had entered the seventh wave of the Covid-19 pandemic and encouraged the public to administer booster shots as soon as possible.…

Current conditions in Russia have prepared the ground for the presence of Iranian auto parts makers in that country.  Its upcoming Automobility exhibition offers a golden opportunity for…

The taxation system is shifting its focus on high-income enterprises, says the head of Iranian National Tax Administration. “We have received four million tax declarations from enterprises this…

Struggling with recession and liquidity crunch, Tehran’s share market registered four straight weekly losses last week.  The bearish trend was spurred by huge sell-off in small-sized…

The Central Insurance company of Iran, the industry’s regulator, has required insurers to get approval before selling insurance policies worth higher than the set caps in several categories.

Iran Energy Exchange is collaborating with the National Iranian Oil Company on plans to launch commodity-linked certificate of deposits backed by oil and energy carriers.  Ali Naqavi, the…

Government borrowing from the Central Bank of Iran in the form of discretionary funding has declined sharply, the Economy Ministry said.  Based on ministry data, the government took 16.3…

Billionaire Bill Gates has pledged again to give his wealth away, adding that he will eventually "drop off" the world's rich list.

It came as the Microsoft co-founder announced he…

The ban on import of mining vehicles and machinery without domestic production has been lifted, a deputy minister of industries, mining and trade has announced. “More than 15,000 mining…

Iran’s development has not been proportionate to the development of higher education, resulting in youth disappointment and a decline in university students, Hossein Haqgou, an economic analyst…

The services sector employed 51.2% of the Iranian employed population (12.08 million) in the first quarter of the current Iranian year (March 21-June 21), 2.4% higher than the corresponding…

The Iranian nation will not tolerate any insecurity and crisis in the region and any mistake by the United States and its allies will face Iran’s firm response, making them regret, President…

Oil prices rose in early Asian trading on Friday amid uncertainty around how aggressive the US Federal Reserve will be in hiking interest rates to combat rampant inflation. Brent crude futures…

Polymer exports earned $3.3 billion in the last fiscal year (ended March 20, 2022), accounting for 7% of Iran’s non-oil export revenues, Barmak Qanbarpour, a member of the board of directors of…

According to a report by the National Petrochemical Company, petrochemical complexes across the country average 85% of their production capacity, while Nouri Petrochemical Company’s output in…