Treasury Secretary Janet Yellen gave her most direct admission yet that she made an incorrect call last year in predicting that elevated inflation wouldn’t pose a continuing problem.

The Institute of Standards and Industrial Research of Iran has notified automakers that they need to implement nine suspended standards within the next three months. In view of the obstacles…

A Kazakh trade delegation is expected to visit the Iranian capital, Tehran, in late June, concurrent with the upcoming visit of Kazakhstan’s President Kassym-Jomart Tokayev to Iran, according to…

Iran’s trade, excluding crude oil exports, during the first two months of the current fiscal year (March 21-May 21) stood at 22,196 tons worth $16.63 billion, according to the latest statistics…

Economics is a stranger in Iran.  As a science, it is a source of dispute between those who don’t see economics as a field of science and analyze economic problems through an ideological…

About $4.5 billion worth of textile products were smuggled into Iran in the last fiscal year (March 2021-22), according to Abbas Sarshar, a board member of Iran’s Textile Industry Union. “The…

The average goods and services Consumer Price Index of “leisure and culture” in the 12 months to May 21 increased by 35.3% compared with the corresponding period of the year before, latest data…

Price is perhaps the key economic variable that indicates the scarcity of resources. Any manipulation, under any name and excuse, of this variable gives a false signal to economic players on the…

Iran has achieved self-sufficiency in the production of transformer oil and talks are underway to sell the product in international markets. Behzad Zahiri, managing director of Iran Transfo…

The Oil Ministry’s proposal to spike natural gas tariffs in the household sector is expected to be ratified by the Cabinet, based on which the vital commodity’ price will rise by 40%, the oil…

The executive operation of constructing the largest Iranian factory to manufacture solar cells has started in Mahan County, Kerman Province, the representative of Kerman and Ravar in the…

The OPEC+ coalition will likely hold firm to its oil production plans this week, even as the European Union moves to sanction group member Russia, delegates said. Global oil supply…

The pursuit of a mutual return to compliance with the 2015 Iran nuclear deal will continue to be the United States’ policy goal, as long as it is in its national interest to do so, a senior US…

The government on Tuesday submitted a bill to parliament regarding Iran's contribution to the sixth round of Islamic Development Bank's (IDB) capital increase. 

Logging daily gains since last week the US dollar crossed the critical 310,000-rial level on Monday in the open market and closed at 311,000 rials, rising more than 3%.  America’s currency…

The 29th Monetary and Banking Conference in Tehran ended Tuesday after debating the trends in inflation and adopting strategies to curb it. 

The share of Iran Fisheries Organization in Agriculture Ministry’s subsidized inputs was not more than 1-2% per month yet it was a great help to fish feed producers and also gave the bargaining…

Iran is among the top remittance recipients in the Middle East and North Africa region. According to the World Bank’s new Migration and Development Brief, with $1.3 billion, Iran was the eighth…

A knowledge-based company has designed a smart water meter with very high accuracy and additional features to replace mechanical meters. “The ultrasonic smart water meter has higher accuracy…

Tehran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to host a series of forums for introducing the capacities of the franchise industry in expanding private sector…

The average Producer Price Index for the “agronomy, horticulture and traditional husbandry” sector in the four-quarter period to March 20, which marks the end of the fourth quarter of the…

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 3.4% in the second Iranian month (April 21-May 21), down 0.2 percentage points from the…

Iran traded 3.61 million tons of goods worth $1.9 billion with six Persian Gulf littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, in the first month of the current…

The first 183-megawatt gas unit of Aryan Power Plant in Zanjan Province was linked with the national power grid on Tuesday, the energy minister said. “Costing $300 million, close to 2.1 million…

The production of 1 ton of steel in Iran requires 800 kilowatt hours of electricity, which is 62% higher than the global average. Based on data from academic studies, the average power…