Tehran’s share market again saw nervous investors trying to sell and exit the market in the last trading week that ended on Wednesday.   Net capital outflow by retail investors reached 22.…

The Central Bank of Iran has implemented new rules to help reduce the number of bounced checks.  Based on the new rules, if a check is rejected due to insufficient funds, the amount will…

The National Development Fund of Iran, the sovereign wealth fund, reiterated that it is expanding its investment activity, outlining key investment options and listing areas the fund must shun.…

Banks gave 669.4 trillion rials ($2.2 billion) in loans to the knowledge-based economy in the last fiscal year ending March 20.  According to numbers released by the Central Bank of Iran,…

Iranian steel mills produced a total of 9.1 million tons of crude steel in the first four months of 2022, registering an 8.9% decline compared with the corresponding period of 2021.  A new…

At times, axioms of economics are not properly understood in Iran and the causality principle is misinterpreted.  For instance, a rise in rent rates, which is the result of increasing…

Lahore, the capital of Pakistan’s Punjab Province, hosted an event dubbed “Pak-Iran Business Expo 2022, Barter Exchange Initiative” from May 24 to 26.

The average Consumer Price Index of “health and medical treatment” in the 12 months to May 21, which marks the end of the second month of the current Iranian year, increased by 36.6% compared…

Oil prices hovered around a two-month high on Friday, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of a European Union ban on Russian oil and…

The construction of Gachsaran Petrochemical Company in Kohgilouyeh-Boyerahmad Province has registered 91.5% progress, the managing director of the plant said. Mostafa Heydarian said the plant…

Knowledge-based firms are helping Qeshm Star Bunkering Company to produce very low sulfur fuel oil (VLSFO), managing director of the firm said.  “The fuel conforms to the International…

The fourth 162-megawatt gas unit of Iran LNG Combined-Cycle Power Plant in Kangan County, Bushehr Province, has come on stream, with the fifth unit to become operational in a month.

SpaceX launched several dozen payloads on its fifth dedicated rideshare mission on May 25, illustrating the continued demand for such missions even as dedicated small launch vehicles emerge.

An Iranian knowledge-based company has developed a software that helps organizations and businesses publish their content in the mass media. The software known as Official News (Akhbar Rasmi in…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei offered condolences on the loss of lives in a building collapse in the southwestern province of Khuzestan, calling it an “…

Iran’s top diplomat said US President Joe Biden has to end his predecessor’s “maximum pressure” strategy against Tehran and guarantee it economic relief from sanctions if he wants to restore the…

Tehran’s share market closed the week Wednesday higher thanks to noticeable demand for stocks of small companies.  Reflecting the performance of small caps, the equal-weighted index of…

The Central Bank of Iran has cancelled its decision announced last week to impose restrictions on third-party credit rating platforms, allowing them to resume services as the representative of…

The value of bank checks rejected in the calendar month to April 20 declined 37.6% from the earlier month to reach 207 trillion rials ($690 million). Bad checks in terms of numbers stood at 471…

The government generated 32 trillion rials ($106 million) in the first weekly bond auction in the present fiscal year that started in March.  Auctions are held by the Central Bank of Iran…

Tehran is hosting the Ninth International Exhibition of Rail Transportation, Equipment and Related Industries. The four-day event, held at Tehran’s International Fairground, will conclude on…

Prices of non-alcoholic malt beverages have increased by 20-25% and the Non-Alcoholic Malt Beverages Producers Association is no longer in charge of pricing, as the Consumers and Producers…

A total of 46,952 tons of red meat were produced in Iran’s official slaughterhouses during the month ending April 20 to register a 13% decrease compared to the previous month and a 4% rise year-…

Iran and the Eurasian Economic Union are expected to sign a free trade agreement in the eighth Iranian month Azar (Nov. 22-Dec. 21). The statement was made by Alireza Peymanpak, the head of…

The Money and Credit Council, a top financial decision-making body with the Central Bank of Iran, has given the green light to increase security deposit loans to 1,000 million rials ($3,333) in…