Iran’s commercial exchanges with its leading trade partner, China, reached $6.5 billion during the first five months of 2023, registering a 0.7% rise compared with the corresponding period of…

European Union countries failed on Monday to agree on planned new rules for the bloc's power market, having clashed over a proposal to extend subsidies for coal plants under the reform, and a…

Qatar is set to secure its second large gas supply deal with a Chinese state-controlled company in less than a year, sources familiar with the deal told Reuters on Tuesday.

Trillions of dollars are wasted on subsidies for agriculture, fishing and fossil fuels that could be used to help address climate change instead of harming people and the planet, a World Bank…

The water transfer project from Kouchari Dam in Isfahan Province to Saveh County in Markazi Province will resume from June 21 after a one-year hiatus, the representative of Saveh and Zarandieh…

Gas supply to power plants since the beginning of the current Iranian year (March 21) has increased by 15% compared with the same period of last year, deputy oil minister for planning and…

To help expand the output of value-added products at Isfahan Oil Refining Company in the central Isfahan Province, the facility is carrying out projects to double its gasoline production…

SpaceX launched a new Indonesian communications satellite into orbit from Florida on June 18 and capped the flight with a flawless rocket landing at sea. 

Intel will spend more than €30 billion ($33 billion) to develop two chip-making plants in Magdeburg as part of its expansion push in Europe, a deal German Chancellor Olaf Scholz hailed on Monday…

A knowledge-based company has produced industrial lubricants cheaper than foreign counterparts for different industries. Kimia Farayand Naqsh-e Jahan Company is focused on acquiring technical…

Turkey is looking to increase its exports to $265 billion by the end of 2023 "despite the negative global economic outlook," President Recep Tayyip Erdogan has said.

Erdogan's remarks…

Iran’s economy grew by 4% in the last fiscal year that ended on March 20, 2023, the Central Bank of Iran said in a new report. The growth rate was down by 0.4% compared to the previous year…

Kourosh Parvizian, the CEO of Parsian Bank and head of Private Banks and Credit Institutions Council has called for a fair and meaningful reform in the fee system for banking services.

Uzbekistan’s Transport Minister Ilkhom Mahkamov met with the Iran’s Roads and Urban Development Minister Mehrdad Bazrpash on June 18. At the meeting, the parties discussed the strengthening of…

Iranian steelmakers produced a total of 6.31 million tons of semi-finished products during the first two months of the current fiscal year (March 21-May 21), 7.4% more than in the previous year’…

A total of 98.4 million tons of oil and non-oil products were loaded and unloaded at the ports of the southern Hormozgan Province in the last fiscal year (ended March 20), registering an 8% rise…

Iranian Foreign Minister Hossein Amir-Abdollahian said developing relations with African countries enjoys a special place in Iran’s foreign policy. The top diplomat made the remarks during a…

The World Health Organization has delivered the first three MRI machines as a part of a project that is funded by the government of Japan aimed at strengthening the diagnostic capacity of the…

The acceptance of Iran as a full member of the Shanghai Cooperation Organization will be one of the highlights of the upcoming SCO summit in New Delhi, Bakhtiyer Khakimov, Russia’s presidential…

President Ebrahim Raisi said the Israeli regime’s efforts for normalization with certain Arab and Muslim countries will not produce a result since the first and strongest opponents of this…

Russia expects that an agreement for establishing a free trade zone between Iran and the Eurasian Economic Union will be signed before the end of the year, Russia’s Deputy Prime Minister Alexey…

Hossein Selahvarzi has been elected the new head of Iran Chamber of Commerce, Industries, Mines and Agriculture. He will be at the helm of the chamber for the next four years, replacing…

SalamAir has announced biweekly direct flights from Sohar Airport to Shiraz Airport in Iran starting from July 5, 2023. Oman's SalamAir, the fastest growing airline in the Sultanate, has…

The news of the closure and reopening of Darugar, a vintage company in hygienic and cosmetic industry, once again brought prestigious Iranian brands and their sad fate into stark relief. …

Global oil prices fell more than 1% on Monday, backsliding last week's gains, as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil…