New data released on Purchasing Managers’ Index for Iran’s overall economy show business expectations have turned positive after four consecutive months of downturn in the benchmark index.

Close to $1 billion have been invested in the Petrochemical Special Economic Zone (Petzone) in Mahshahr, Khuzestan Province, on developing the infrastructure, which will boost petrochemical…

The Iranian Central Oil Fields Company, a subsidiary of the National Iranian Oil Company, is carrying out projects worth $350 million to increase natural gas production in Homa, Varavi and…

To help stabilize power supply in Ahvaz, the capital of Khuzestan Province, a 230/33-kilovolt power substation and a 132/33-kilovolt mobile substation were synchronized with the national power…

Iran and the International Atomic Energy Agency agreed on a roadmap to resolve all outstanding safeguards issues about the country’s nuclear program by late June, potentially clearing the way…

The supply of foreign currency at the secondary foreign exchange, known as Nima, has increased by 66% in the past 11 months ending Feb. 19 compared with the corresponding period of last year.…

The price of US dollar and other major foreign currencies declined in Tehran’s market on Friday, after posting stability in the past week.  The dollar lost more than 1.14% against the rial…

New rules governing check transactions have been apparently efficient in reducing bad checks, a lawmaker said, citing data released by the Central Bank of Iran. 

The Central Bank of Iran’s injection of funds in the interbank market under open market operation (OMO) has reached unprecedented levels this week.  Under CBI’s expansionary policy to…

A total of 4.29 million tons of goods worth $1.5 billion have been exported from Sistan-Baluchestan Province in southeast Iran since the beginning of the current fiscal year (March 21, 2021),…

The Producer Price Index in the four-quarter period ending Dec. 21, which marks the end of the third quarter of the current Iranian year, grew by 60.9% compared with the corresponding period of…

Iran’s bell pepper exports to Russia will resume as of March 5, Agriculture Ministry has announced. 

The volume of transit via Iranian railroad has hit the highest over the past century. A total of 1.73 million tons of foreign goods were transited from Iran via railroad during the current…

The average goods and services Consumer Price Index of “hotels and restaurants” in the 12-month period ending Feb. 19 increased by 61.2% compared with the corresponding period of the year before…

A review of the latest statistics in the field of information technology shows that the penetration rate of fixed and mobile broadband in Iran has reached 122%. With the development of…

Although electricity and natural gas export to Iraq are on track, it is not clear whether Iran will be able to boost exports to the Arab neighbor soon, the head of the Iranian Oil, Gas and…

Water consumption in Tehran has surpassed 40,000 liters per second or 3 billion liters per day, up 11% compared to the hot summer days when consumption peaks at 2.7 billion liters. The National…

Oil prices rebounded on Friday as fears of Western sanctions disrupted Russian oil exports, outweighing the possibility of more Iranian supplies, while reports of a nuclear plant fire in Ukraine…

Persian Gulf Bidboland Refining Company has signed eight contracts worth about $520 million on Thursday with Iranian companies to collect the associated petroleum gas in East Karoun fields,…

Head of the International Atomic Energy Agency Rafael Grossi was set to visit Tehran on Saturday to meet Iranian officials as talks on the revival of the 2015 nuclear deal in Vienna, Austria,…

Following seven consecutive days of over 200 Covid-related mortalities, the Health Ministry registered a relative decline in daily deaths on Thursday. The overnight toll fell to 172 and on…

US Senate Majority Leader Charles Schumer, who famously broke with then president Barack Obama over striking a nuclear deal with Iran, says he now supports the discussions the Biden…

Following widespread public complaints about the poor quality of domestically-produced cars and the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei’s expression of dissatisfaction in…

The benchmark of Tehran Stock Exchange, TEDPIX, showed   positive signs on Wednesday only to fall back into negative territory in the closing hours.  

Why do commodity prices fail to stabilize despite the depreciation in foreign exchange rates? This is a question Hadi Haqshenas endeavors to clarify in a write-up for the Persian daily Etemad.…