The low density polyethylene unit of Bandar Imam Petrochemical Company in Khuzestan Province registered a production record in the last Iranian year (ended March 20, 2022). The LDPE unit of the…

Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged Covid-19 lockdowns in Shanghai and potential US rate hikes would hurt global…

Development plans at the Isfahan Oil Refining Company in central Isfahan Province are making headway to help the firm boost the production of crude oil derivatives compliant with Euro-5 emission…

The National Iranian Oil Company’s gasoline exports revenues decreased by 75% in 2021 compared to a year ago. The state-owned firm earned close to $3 billion in revenues by selling the fuel to…

Parties engaged in talks to revive the 2015 nuclear deal are set to arrange a meeting in person to break the over one-month pause in the negotiations, an Iranian top diplomat said.

Iraqi Foreign Minister Fuad Hussein said the latest round of talks between Iran and Saudi Arabia with the aim of restoring strained relations between the two regional heavyweights was held in a…

The European Union has agreed on new digital regulations that will force tech giants like Google and Meta to police illegal content on their platforms more aggressively, or else risk potential…

The International Monetary Fund expects the unemployment rate in Iran to exceed 10% in 2022 and the following year. In its latest World Economic Outlook report titled “War Sets Back Global…

New data released by the Iranian Steel Producers Association show the output of semi-finished products stood at 27.9 million tons in the fiscal 2021-22 (ended March 20), 8% less compared to the…

The volume of Khorasan Razavi’s foreign trade (exports and imports) increased by 17% in the fiscal 2021-22 compared with the year before, according to Mohammad Ali Amir-Fakharian, a local…

Banks and credit institutions gave 29,681.6 trillion rials ($107 billion) in loans and credit in the last fiscal year that ended in March.  Recent data released by the Central Bank of Iran…

The Consumer Price Index of “clothes and shoes” in the 12-month period ending April 20, which marks the end of the first month of the fiscal 2022-23, increased by 50% compared with last year’s…

According to the Trade Promotion Organization of Iran, non-oil exports and imports in the fiscal 2021-22 were almost equal while the weight of exported products was three times that of imports,…

The insurance industry will unveil new innovative products and services in spheres related to information technology, healthcare and Islamic insurance. Head of the Central Insurance company of…

A SpaceX Falcon 9 rocket lifted off for a record-tying 12th time on April 21 and aced its 12th landing as well. The two-stage Falcon 9 was launched Thursday at 1:51 p.m. EDT (1751 GMT) from…

The latest regulatory report on the status of information and communications technology in Iran, based on the statistics of the last month of the previous fiscal year (ended March 20, 2022),…

Poor rainfall and growing population in recent decades have led to the reduction of Iran's groundwater reserves, such that the level of groundwater in alluvial aquifers has decreased by an…

Over 90% of the mechanical parts of Imam Khomeini Shazand Oil Refinery in Arak County, Markazi Province, have been indigenized, helping save $54 million since 2006, which would be needed to…

Although expansion of the privately-owned compressed natural gas industry can help curb gasoline consumption by 40 million liters per day, government negligence is pushing the CNG retail sector…

At a time when the Iranian nuclear talks are about to reach an agreement, Iran and world powers have adjourned their talks, mostly over whether the United States will remove Iran’s Islamic…

Overnight mortalities related to the highly contagious coronavirus declined sharply to 13 on Sunday, the lowest toll in over two years as high vaccination coverage protected the population of 85…

The Central Insurance company of Iran and the National Traffic Police have signed an agreement on developing a comprehensive platform for online car accident reporting. 

Bank Melli Iran, the biggest lender, has released an inventory of 25 properties it owns to be divested in the fiscal year ending March 2023.  The main state lender, long under pressure…

New monetary data show growth in the monetary base is driven more by bank debts to the Central Bank of Iran and less by CBI’s foreign debts.  The total debt of banks to the CBI was 1,859.7…

The Central Bank of Iran allocated $11 billion for importing goods in one month since the beginning of the current fiscal year (March 21), a CBI official said.

“Four billion dollars…