Oil futures gained on Monday, with Brent rising above $120 a barrel after Saudi Arabia raised prices for its crude sales in July, signaling tight supply even after OPEC+ producers agreed to…

Karoun Petrochemical Company and the Boss Pool Company from Bosnia-Herzegovina have signed an agreement to collaborate in the field of petrochemicals.

Plans to change working hours in state-run offices during the hot season to avoid power outages have been implemented in southern provinces and northern parts will also join the scheme soon, the…

The government is entering into dialogue with regional nations following an unusual number of intense sandstorms that have engulfed the Middle East this spring, head of the Department of…

Western countries who are pushing for a resolution against Iran at the International Atomic Energy Agency will be responsible for all possible consequences, Iran’s top diplomat said. 

The daily and weekly domestic production records were broken by SAIPA Automotive Group in the third fiscal month (started May 22), according to the latest statistics reported by the company.…

Tesla Chief Executive Elon Musk told top managers he had a "super bad feeling" about the economy and that the electric carmaker needed to cut staff by about 10%, according to an internal email…

The Majlis Research Center, the research wing of the parliament, has assessed the impact of the government ban on cryptomining and closure of unauthorized mining centers, saying that the policy…

The loan-to-deposit ratio (LDR) of banks and credit institutions increased for five consecutive months, indicating the penchant for higher lending. LDR was 83.2% by end of the last fiscal year…

Investment funds in the domestic capital market held assets worth 6,078 trillion rials ($19.6 billion) by end of the first Iranian calendar month to April 20.  The assets were managed by…

The High Council of Economic Coordination gave the Central Bank of Iran additional authority to restore calm to the chaotic currency market.  The council is the ad hoc decision-making body…

The average goods and services Consumer Price Index of “clothing and shoes” in the 12 months ending May 21, which marks the end of the second month of the current Iranian year, increased by 49.7…

Non-oil exports from the northern Golestan Province reached a total of 64,460 tons worth $37.4 million in the current Iranian year’s first two months (March 21-May 21), showing a 31% and 71%…

Trade between Iran and the Economic Cooperation Organization’s 11 member states reached 1.06 million tons worth $1.01 billion in the current fiscal year’s first month (March 21-April 20), data…

The Statistical Center of Iran has put labor force participation rate — the proportion of the population of ages 15 and above that is economically active either employed or looking for a job —…

A domestic knowledge-based company has designed a system for speedy corporate dividend distribution without human error. “This system connects the company and its shareholders, allowing the…

Natural gas supply to power plants has risen by 160% since March compared to January when it dropped under 100 million cubic meters per day, the head of the National Iranian Gas Company’s…

Tehran and Baku have signed a memorandum of understanding to increase the volume of gas swap from Turkmenistan to the Republic of Azerbaijan via Iran. Iranian Oil Minister Javad Owji signed the…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said enemies are trying to pit Iranian people against the Islamic establishment, but their efforts are futile. 

The European Union top diplomat said the 2015 nuclear deal can still be revived with an “extra effort” although the possibility is shrinking.  “As coordinator, I stand ready any time to…

More than 41,000 automated teller machines across the country are now connected to the Central Bank of Iran's Sayyad system that allows account holders to register checks and assess the…

During a choppy trade on Wednesday, the benchmark of Tehran Stock Exchange, TEDPIX, pared early hour gains and ended slightly below the flatline.  The market cap-weighted TEDPIX lost 731…

The National Development Fund of Iran has received the go-ahead to broaden its investment scope, the sovereign wealth fund’s board of directors announced. In a meeting attended by President…

After a one-day hiatus, foreign exchange rates soared on Wednesday at Tehran’s free market, which also pushed up prices in the bullion market.   The US dollar advanced to as high as 317,…

The government generated 30.1 trillion rials ($97 million) in the second round of weekly bond auction held by the Central Bank of Iran on Tuesday.  The auctions are held by CBI on behalf…