An estimated 14 million cubic meters of natural gas per day will be extracted from Phase 11 of the South Pars Gas Field in the Persian Gulf by the end of the current Iranian year (March 2022-23…

Subsea pipe-laying operations are underway to connect the Persian Gulf’s largest island, Qeshm, to the national gas grid, managing director of Iran Gas Engineering and Development Company said…

Oil producer group OPEC+ on Thursday agreed to rubber-stamp another small production increase for June, amid persistent concerns over weaker Chinese demand and shortly after the world’s largest…

Iran has planned to increase crude oil production capacity to 5.7 million barrels per day in the next eight years, managing director of the National Iranian Oil Company said.

The daily death toll from the Covid-19 pandemic in Iran increased to 12 on Friday after it dropped to a single-digit number for the first time in more than two years.

Population growth and rural migration in urban areas, along with the rise in rents and home prices, have driven many people to the suburban areas of cities and consequently contributed to the…

In the Iranian economy, political and ideological issues have become the prime concerns of economic decision-makers, which is a repeat of the Soviet Union experience and can take the economy…

SAIPA Automotive Group has started the sale of Shahin from April 19, without holding a car lottery, in response to high public demand. Accordingly, the delivery time of this car is a maximum of…

Iran and Russia have signed a memorandum of understanding on expanding transportation cooperation between the two sides in the rail sector in Moscow on Friday.  The comprehensive rail…

Iran recorded a positive trade balance of $875 million during the month ending April 20, data released by the Islamic Republic of Iran’s Customs Administration show.

The average goods and services Consumer Price Index of “furniture, home appliances and their maintenance” in the 12-month period ending April 20, which marks the last day of the first fiscal…

The total amount of water stored in the six large dams of Isfahan Province has reached 428 million cubic meters, director of operation and maintenance of water facilities at Isfahan Regional…

The main reason behind outbound diesel smuggling is the substantial gap between the fuel price in Iran and that of its neighboring nations, director of the National Iranian Oil Refining and…

Desalination projects worth $160 million are underway across the southern Bushehr Province with a total capacity of 160,000 cubic meters per day, of which 40% will soon go on stream, the head of…

The Health Ministry in its latest update released on Friday said that the number of cities on red Covid-19 alert had dropped from two to zero over the past week as the spread of the virus slowed…

The average goods and services Consumer Price Index of “health and treatment” in the 12-month period ending April 20, which marks the last day of the first fiscal month, increased by 37.4%…

A total of 115,557 tons worth $696.04 million of pistachio were exported from Iran to 75 countries in the fiscal 2021-22 (ended March 20), registering a 33% decline in both weight and value…

A new round of negotiations between Iran and the Eurasian Economic Union regarding their preferential trade agreement was held in Moscow on April 27-28.  According to the adviser on…

Only a month into the new Iranian year, the consequences of the government’s economic plans are becoming evident for manufacturers and industrial enterprises with the rise in prices of goods and…

Millions rallied across Iran on the International Quds Day to show solidarity with the oppressed people of Palestine and condemn the Israeli regime’s occupation of Palestinian territories. The…

The sales of Pardis Technology Park’s products hit 155 trillion rials ($553.57 million) in the fiscal 2021-22 (ended March 20), according to the head of the tech park.  Mehdi Saffarinia…

Tehran stocks ended trading week mixed with large caps lagging behind amid upbeat mode in small-sized companies.  The equal-weighted index of Tehran Stock Exchange ended in positive…

Export firms sold $1.1 billion of their overseas income at the secondary foreign exchange platform (known locally as Nima) from the beginning of the fiscal year (March 21) until Thursday (April…

The Central Insurance company of Iran (CII), the regulatory body of the industry, has added four names to the blacklist of unauthorized applications selling insurance policies.  CII's…

The number of monthly home sales in Tehran have reached an 11-month low amid ever-rising prices, the Central Bank of Iran announced.