OPEC expects the pace of oil demand growth to halve next year, as inflation and conflict grip the global economy. World oil consumption will expand by 1.8 million barrels a day, down from the 3…

The production of liquefied petroleum gas increased by 15% in the last seven months of the previous fiscal (Aug. 23, 2021-March 20) compared with the same period of the year before, managing…

Automotive spare parts topped the list of smuggled goods in the fiscal 2021-22 (ended March 20), according to Spokesman of Headquarters to Combat Smuggling of Goods and Foreign Exchange Hamid…

Iran attracted an estimated $1.425 billion in foreign direct investment in 2021, according to the United Nations Conference on Trade and Development’s latest World Investment Report. The FDI…

The Tap30 company, one of the main ride-hailing companies in Iran, offered 5% of its shares on Tuesday. It offered 1.17 billion shares each at 9,400 rials. The IPO was billed at 11 trillion…

After gains a session earlier trade in Tehran’s share market was lukewarm on Tuesday.   The benchmark of Tehran Stock Exchange, TEDPIX, gained 2,619.6 points or 0.17% to end trade at 1,574…

The Central Insurance company of Iran (CII) has stopped issuing new operation license for online insurance brokers until further notice. According to Way2pay, the CII's department for new…

The rial compensated some of the earlier loss on Tuesday as foreign currencies dipped dragging down prices in the domestic gold market.  The US dollar retreated to 324,000 rials in Tehran’…

French President Emmanuel Macron may find himself without a ruling majority during his second term and deprived of the ability to push through his economic reform agenda after Sunday’s first…

Trade between Iran and African countries stood at 182,276 tons worth $119.94 million in the first month of the current fiscal year (March 21-April 20). Mozambique with 63,451 tons worth $49.33…

Shortweighting has been on the rise ever since the government overhauled its subsidy program, says the head of Iran’s National Standards Organization. “Our random inspection of 365 products…

A business delegation from Kazakhstan is scheduled to visit Iran Chamber of Commerce, Industries, Mines and Agriculture on June 19. The visit will coincide with the visit of Kazakhstan’s…

Pakistani Foreign Minister Bilawal Bhutto Zardari and his Iranian counterpart Hossein Amir-Abdollahian met in Tehran on Tuesday to discuss bilateral relations and regional security.  “It’s…

Iran is set to proceed with negotiations on the revival of the 2015 nuclear deal “with honor” and “out of wisdom” and expects that its legitimate demands receive due attention, a senior…

A knowledge-based company has designed a smart system for the standardization of lighting, which helps reduce power consumption and is economical for both industrial firms and houses.

The Consumer Price Index of “housing and utilities (water, electricity, natural gas and other fuels)” has registered an average annual increase of 26.9% in the month ending May 21, latest data…

Pistachio exports account for 50% of water exported from Iran virtually, a member of Iran Water Industry Federation, a privately-owned organization, said. “Annually, close to 20 billion cubic…

Two new gas units will come on stream at Tehran’s Tarasht Power Plant, the oldest power station in Iran, in the summer, deputy for projects development at the Thermal Power Plants Holding…

The supply of desalinated water to Dargahan rural district on Qeshm Island has increased by 70%, Hormozgan Province, the head of the provincial Water and Wastewater Company said.

The Food and Agriculture Organization of the United Nations has forecast Iran’s wheat production to increase to 13 million tons in 2022 from an estimated 9 million tons in 2021, which will mark…

The insurance industry was unable to meet the targets defined in the Sixth Five-Year Economic Development Plan (2016-2021), despite reasonable growth. According to a report by IBENA, the sector…

The Central Bank of Iran said it is undertaking efforts to improve forex supply in the volatile market by encouraging non-oil export companies to increase their currency sale. 

The manger director of the National Development Fund of Iran (NDFI), Mehdi Qazanfari, said the sovereign wealth fund may be forced to resort to “legal ways” to recover its unpaid debts.  “…

Automotive experts believe car imports will not have a noticeable impact on Iran’s car industry, as the price of foreign cars will be much higher than that of domestic ones.  They believe…

Only around 150,000 tons of the annual domestic demand for refined edible oil are produced locally, while more than 1.5 million tons are supplied via imports, according to the Government Trade…