Direct flights between Rasht in northern Iran’s Gilan Province and Russia’s Astrakhan will start on May 6, according to the manager of Gilan Airport.

A tiny fraction of Iran’s population, about eight percent, can be considered as wealthy. The large majority is either poor or middle-income. The rich are experiencing exponential growth in…

No airline has so far submitted flight schedule to Qatar for the World Cup 2022, Maqsoud Asadi-Samani, secretary of the Association of Iranian Airlines said.  “The only local airline which…

The average goods and services Consumer Price Index in the 12 months to April 20 increased by 39.2% from the corresponding period the year before, latest data released by the Statistical Center…

High and rising Inflation has become a structural problem in Iran. Why, economists ask, has it become unmanageable despite the regular dose of hope and assurances of apologists for the…

The National Water and Wastewater Engineering Company of Iran (Abfa) is willing to annually supply 50 million cubic meters of treated wastewater to Tehran Municipality for parks and green spaces…

The first well as a part of the development program of Forouzan offshore oilfield in the Persian Gulf has become operational, director of the field development project at the Iranian Offshore…

The construction of Iran’s first geothermal power plant in Meshkinshahr, Ardabil Province, has gained momentum as obstacles hampering the project, including financial disputes between the Energy…

The United States must quit its excessive demands and hesitancy and follow a path of realism and solutions to remove obstacles in the way of reviving of the 2015 nuclear deal, known as the Joint…

Lebanon is close to reaching an agreement with the World Bank (WB) in which the international agency would give the crisis-hit country a $150 million loan for food security and to stabilize…

The government’s new decision to impose duties on the export of agrifood products has agitated exporters.  The new fiscal year’s budget bill (2022-23) stipulates a 0.5% duty on the export…

The average Consumer Price Index of “education” in the 12-month period ending March 20, which marks the last day of the fiscal 2021-22, increased by 25% compared with the corresponding period of…

In a notification to banks and credit institutions, the Central Bank of Iran announced guidelines for loans to  parents to encourage childbirth Couples who have a child from the last…

Countries such as Russia and Iran may eventually use cryptocurrency mining to evade sanctions, the International Monetary Fund warned in a report.  There’s a risk that sanctioned nations…

The Securities and Exchange Organization said it seek to improve trade in the two government-controlled exchange-traded funds. The government-affiliated ETFs were listed in capital market in…

Misguided policies rooted in command economy and unscientific ideological approaches are to blame for the economic cul-de-sac in which Iran remains stuck for years; the Iranian government needs…

A total of 2.13 million tons of goods worth $720 million were exported from South Khorasan Province, located in eastern Iran, in the fiscal 2021-22 (ended March 20), registering a 40% and 14%…

The International Monetary Fund is expecting Iran’s economy to grow by 3% in 2022. In a new World Economic Outlook report titled “War Sets Back Global Recovery”, IMF say the country’s economy…

Counterfeit and substandard smuggled car components, which continue to blight the domestic market, have serious ramifications for the safety of users and the country’s economy. 

The transformer of the first 162-megawatt gas unit of Mahtab Kavir Power Plant in Zarand County, Kerman Province, has become operational and the unit will be connected to the national…

Access to abundant oil and gas reserves is a unique advantage for the development of Iran’s petrochemical industry and Russian companies are welcome to use this opportunity and participate in…

Drilling operations to boost Jofeir and Sepehr oilfields’ production capacity in Khuzestan Province are being carried out by the private sector, deputy managing director of Pasargad Energy…

Overnight fatalities from the coronavirus hit a three-month low of just below 20 on Wednesday as 19 provinces across the country reported zero deaths.  Data collected by the Health…

President Ebrahim Raisi stressed the need to use the existing opportunities and the potential of the private sector to boost trade ties with regional countries.  Speaking at a Cabinet…

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