Desalination plants with a total capacity of 120,000 cubic meters per day are under construction across the southern Bushehr Province, the managing director of Bushehr Water and Wastewater…

Crude oil production from OPEC and its Russia-led allies rebounded modestly in May from a steep drop in April, but remains well short of its collective quotas, highlighting the group's…

The diesel treatment unit of Isfahan Oil Refining Company in Isfahan Province will become operational within the next two months, the managing director of the company said. “Costing $600…

Bandar Imam Petrochemical Company in Mahshahr, Khuzestan Province, has raised its output in the first 80 days of the current Iranian year (March 21-June 8). BIPC produced more than 777,000 tons…

President Ebrahim Raisi said Iran will not back off a single step from its positions after the United Nations nuclear watchdog’s Board of Governors passed a resolution on Wednesday criticizing…

US Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation to remain high and the Biden administration would likely increase the 4.7% inflation forecast for this…

The central bank’s digital currency project, known as crypto-rial, will not replace the banking system and is being designed to add smart features to the currency.

The Industry Ministry says selling cars at the Iran Mercantile Exchange is incompatible with current rules to regulate the auto market.  Manouchehr Manteqi, deputy minister for…

The Central Bank of Iran Tuesday enforced more segments of the new check rules broadening the scope of cashier’s checks. 

A marine tourist line between Bushehr, a medium-sized port, and Hamad Port in Qatar is expected to be inaugurated during the World Cup, helping about 3,000 Iranian fans visiting Doha to cheer up…

The unemployment rate of those between 18 and 35 years stood at 16.5% in the fiscal 2021-22. The Statistical Center of Iran added that the rate registers a 0.2% decline compared to the year…

New data released on the Purchasing Managers' Index for Iran’s overall economy show the benchmark has hit a record high.

At least 21 people died and more than 87 were injured in the early hours of Wednesday after a passenger train plowed into a stationary excavator in eastern Iran. Five out of the train’s ten…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei described the pilgrimage of hajj as a symbol of unity among Muslim nations, calling for all-out efforts to prevent any conflict…

Iran has turned off two surveillance cameras of the International Atomic Energy Agency whose operation were beyond the country’s obligations under the Comprehensive Safeguards Agreement,…

A new report released by World Bank expects Iran’s economy to grow 3.7% in 2022.

Iran Khodro Powertrain Company (IPCO) has completed the design of the first three-cylinder engine that will begin mass production by the end of the current Iranian year (March 20, 2023).…

Tehran is hosting the 19th International Exhibition on Kitchen, Bath, Sauna and Pool Industries and Equipment. The event opened at Tehran’s International Fairground on Tuesday and is scheduled…

Iran's trade (excluding crude oil exports) with Caspian Sea littoral states stood at 558,656 million tons worth $220.65 million in the first month of the current fiscal year (March 21-April 20…

The number of monthly home sales in Tehran has reached a 21-month high, the Central Bank of Iran’s new report on the capital’s real-estate market shows.

Interacting with neighbors within the framework of bilateral agreements and building technical and diplomatic cooperation are Iran's declared policy regarding trans-border rivers and shared…

The ninth refinery of the South Pars Gas Complex is almost self-sufficient in the manufacture of equipment and parts used in the refinery, the deputy director of the complex said.

Oil prices drifted higher on Wednesday, anticipating a report of low US oil stocks, while expectations of solid demand in the upcoming driving season also lent support. Brent crude futures for…

Power consumption in Iran was near 60 gigawatts on June 6, which is unprecedented for this time of the year, spokesman of the electricity sector said. “The figure reached 59,892 megawatts on…

The Tap30 company, a ride-hailing app in Iran, will make its stock market debut soon and would be the first startup to do so.  A press conference was held Tuesday in the run-up to IPO by…