Iran’s economy was struggling with a number of super challenges when the government of President Ebrahim Raisi came to office. 

Iran’s trade with Qatar decreased by 14% in terms of weight, but increased by 46% in terms of value in the fiscal 2022-23 (ended March 20) compared with the previous year, statistics released by…

Tehran Stock Exchange's main index, TEDPIX, gained 6,945.07 points or 0.32% on Wednesday to end at 2,173,893.39 and the TSE equal-weighted index climbed 0.98%. About 7.04 billion shares worth…

The value of checks rejected in the calendar month to May 22 shot up 65.2% on the earlier month to reach 513 trillion rials ($1.04 billion) while their volume stood at 600,000 – down 33.2%,…

The Money and Credit Council (MCC), the decision-making body of financial markets, approved a new measure as per which the maximum value of loans for purchasing and constructing housing units is…

The Iranian Steel Producers Association has released new data about apparent steel use. ASU is defined as production plus imports minus exports, sometimes also adjusted for changes in…

Flights between the city of Abadan in the southwestern Iranian province of Khuzestan and Kuwait have been relaunched by Iran Air after a one-year hiatus. According to Hesam Qorban-Ali,…

The capital market is dominated by stock exchanges and its main function is the financing of economic enterprises, especially large companies.

German energy prices are so high that some companies are considering leaving the country altogether, according to Siegfried Russwurm, the head of the German Industry Federation. Asked whether…

Australia's most populous state will be ready for 100% renewable energy within a decade under a $11.20 billion infrastructure investment plan announced by a major grid operator on Wednesday.

The construction of Ibn Sina Petrochemical Company in Andimeshk, Khuzestan Province, which was started recently, could be completed in three years if the required budget is allocated on time,…

Projects to collect associated petroleum gases from oilfields have registered a work in progress rate of 44.22%, the production manager at the National Iranian South Oil Company said.

Widespread disruptions in water supply to at least 10 districts in Tehran, following the devastating flood on Karaj-Chalous road, have been minimized and water pressure is back to…

Chinese electric car company Nio announced on Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The strategic investment ultimately gives the fund…

Hyundai Motor will raise average annual investment in electrification by nearly two-thirds, spending $28 billion in the next decade, and further restructure its struggling China business as part…

A majority of applicants who registered in the national online car ordering portal, Esalecar.ir, will receive their vehicles by the end of the fiscal 2024-25 (March 20, 2025).

Iranian steelmakers have registered a significant rise in exports during the first two months of the current fiscal year (March 21-May 21). 

The Supreme Council for Anti Money Laundering and Counter Financing Terrorism has announced new measures to control and curb suspicious transactions.

Regulations for separating personal and commercial bank accounts will be finalized this week, the Iran National Tax Administration (INTA) said.

As a result of problems grappling the entire Iranian economy, Iran's industrial sector is struggling with an array of difficulties as well as some unique challenges of its own. 

A senior Iranian official said the Islamic Republic supports promotion of security and stability in Iraq, welcoming the expansion of relations between the two neighboring countries.  Kamal…

Iranian Foreign Minister Hossein Amir-Abdollahian has embarked on a regional tour of Persian Gulf Arab countries to pursue the government’s policy of enhancing neighborly relations, paying…

Iranian Navy Commander Rear Admiral Shahram Irani is in Pakistan to discuss ways on improving bilateral cooperation in various military fields. Heading a senior military delegation, Irani…

The Iranian parliament on Tuesday gave a vote of confidence to Mohammad Ali Nikbakht as the new minister of agriculture.  President Ebrahim Raisi’s proposed candidate received 198 votes in…

Iran and Burkina Faso have called for enhancing bilateral trade relations. This was underlined during a meeting of the acting head of Iran's Trade Promotion Organization, Mehdi Zeyghami, with…