Tesla Inc Chief Executive Officer Elon Musk said the US electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics.

A domestic knowledge-based company has manufactured the rotational molding machine used in the production of plastic bottle caps needed by different industries. The second-generation rotational…

Iran traded 15.8 million tons of goods worth $9.86 billion in the 11th month of the current fiscal year (Jan. 21-Feb. 19), registering a 5% and 52% year-on-year growth in weight and value…

Water from four dams in West Azarbaijan Province has been released to shore up Lake Urmia, the provincial Regional Water Company’s deputy of protection and operation said.

To complete the propane value chain, Pars Petrochemical Company in Pars Special Economic Energy Zone in southern Bushehr Province, has planned to develop the downstream industry by building…

The Research Institute of Petroleum Industry has completed a pilot scheme to convert mazut to higher value-added products, including petroleum coke that’s used in steel production, the head of…

Ukrainian Foreign Minister Dmytro Kuleba in a phone call with his Iranian counterpart on Monday expressed admiration for Tehran’s opposition to war and requested its political support to end the…

Russia’s top diplomat dismissed claims that Moscow was blocking efforts to revive the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action. “The Americans try every day to accuse…

The decision to tax bank deposits of legal entities may force investment funds in the capital market to change track in their asset portfolios, Mohsen Khodabakhsh, the vice chairman of board of…

Major indices of Tehran’s share market closed near the flatline on Monday amid noticeable decline in trade by retail investors.   Swinging between positive and negative zones, the…

The latest monthly report of Iran's e-payment network, published by Shaparak Company, shows Saman Electronic Payment (SEP) company topped the list of payment service providers in the month to…

The Credit Commission of the Central Bank of Iran has agreed to raise the cap on Qarzol-Hassanah (interest-free microcredit) loans up to fourfold.  According to a press release posted on…

The Central Bank of Iran reported 40% rise in term deposits on an annualized basis by the end of the 10th calendar month to Jan. 20.  Total term deposits reached 36,280.8 trillion rials ($…

The Iranian economy is a form of state capitalism and the private sector has been marginalized, or it only plays a ceremonial role, says Gholamreza Kiamehr, an economic analyst, in an article…

A total of 15.5 million tons worth $6.47 billion of raw materials for production of animal feed were imported to Iran during the first 11 months of the current Iranian year (March 21, 2021-Feb…

Trade between Iran and African countries stood at 2.03 million tons worth $967.8 million during the first 10 months of the current Iranian year (March 21, 2021-Jan. 20). Ghana with 518,825 tons…

Arj Home Appliances Company has reopened after five years after 2 trillion rials ($7.6 million) were invested to get it back on its feet mainly by Social Security Investment Company, according…

The average goods and services Consumer Price Index of “furniture and home appliances” in the 12-month period ending Feb. 19, which marks the end of the 11th month of the current Iranian year,…

The Central Bank of Iran says the economy grew by 4.1% in the first three quarters of the current fiscal year (March 21-Dec. 21, 2021) compared with the preceding year’s corresponding period.…

Oil prices fell on Sunday at the start of the session, extending last week's decline, as a US official said Russia was showing signs it might be willing to have substantive negotiations over…

Private power producers who built plants with loans from the National Development Fund of Iran (the sovereign wealth fund), are unable to repay their debts, managing director of Iran’s Thermal…

The second phase of a major pipeline project to supply water from Karoun River to rural districts in Ahvaz, Khuzestan Province, has progressed by 53%, the director of National Water and…

Iran Khodro Diesel’s electric bus named E-Atros was unveiled on March 13. Operating on batteries and without the use of Overhead Catenary System, this fully electric vehicle is based on the…

The short break in talks to revive the 2015 nuclear deal is not tantamount to a dead end, an Iranian senior diplomat said, adding that consultations between negotiating parties are ongoing at…

The death toll from the Covid-19 pandemic in Iran has exceeded 139,000, the Health Ministry said. Figures released by the ministry on Monday show that the coronavirus has taken the lives of 114…