Foreign exchange rates hit a new record in Tehran’s unofficial market on Saturday.  The US dollar crossed the historic level of 320,000 rials and jumped to 327,500 rials, registering 1.5%…

The production of light vehicles by Iran Khodro Company (IKCO) and SAIPA Automotive Group has increased by 236% from the beginning of the current fiscal year (March 21), until June 8, compared…

Iran traded 5,585 tons of non-oil goods worth $12.75 million with Latin American countries in the first month of the current fiscal year (March 21-April 20), the latest data released by the…

The average Consumer Price Index of “furniture, home appliances and their maintenance” in the 12-month period ending May 21, which marks the last day of the second Iranian month, increased by 40…

Major aluminum producers in Iran have registered a 4% rise in output. According to the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization,…

The removal of subsidies and the distribution of part of its freed-up resources among a small group of people is a hackneyed story that is retold under a new name each time. 

The lump-sum tax rate of 1.1 million small- and medium-sized enterprises has been set at zero, the head of the Iranian National Tax Administration, Davoud Manzour, tweeted on Friday. 

Daily water consumption in Tehran has exceeded 3.6 million cubic meters, which is unprecedented for this time of the year, the deputy head of Operations Department at Tehran Province Water and…

About 70% of drilling rigs in Iran are produced domestically, the National Iranian Oil Company's deputy director for exploration affairs said.  “This is while until 30 years ago, 90% of…

With the synchronization of 11 gas and steam units with the national grid in thermal power stations across the country, the capacity of Iran's thermal power plants has reached 71,000 megawatts,…

Hungarian Foreign Minister Peter Szijjarto has ruled out the prospect of a Russian gas ban in the European Union’s next package of sanctions, calling it “impossible”.

Signing a 20-year cooperation plan between Tehran and Caracas presents a bright outlook for the future of the two countries’ relations, according to the visiting Venezuelan president.

Vice President and head of the Department of Environment Ali Salajegheh pointed out on Friday that the scourge of heavy sandstorms striking Iran this spring was affecting the entire region and a…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said resistance is the only way for nations to counter American pressure campaigns.  He made the remarks in a meeting with…

No 2174

The Ministry of Industries, Mining and Trade's review of last fiscal year (ended March 20, 2022) shows the output of six mineral products (out of 12 under review) registered growth compared with…

Latest data released by the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture show the Purchasing Managers’ Index for Iran’s industries has…

Tehran’s share market was bearish in the past trading week ending Wednesday amid outflow of capital and renewed hesitation of retail investors.  The benchmark of Tehran Stock Exchange,…

The US dollar crossed the record high of 320,000 rials on Thursday in Tehran’s open market and closed at 322,500.  The price was 1.2% or 4,000 rials higher from the earlier session on…

The Economy Ministry sold 27.5 trillion rials ($85.9 million) bonds in the third weekly auction held Tuesday by the Central Bank of Iran.  The auctions are held on weekly to raise funds…

Hotels and restaurants have logged the highest inflation in a new report released by the Statistical Center of Iran.

Electricity supply restrictions imposed on steel plants should be lifted, Rasoul Khalifeh-Soltani, the head of Iran Steel Producers Association, said.

Iran’s trade with its leading commercial partner, China, reached $5.03 billion in the first four months of 2022, registering a 16% growth compared with the year before. Latest data released by…

The employment rate was 37.2% (23.45 million) in the fiscal 2021-22, down 0.1% compared with the previous Iranian year. According to the Statistical Center of Iran, employment rates for men and…

A knowledge-based company has developed a platform for organizing virtual fairs that significantly reduce exhibition costs. The platform allows exhibitors to present their latest products and…