As long as oil revenues are squandered on current expenditures and officials have no plans to invest them in scientific and petrochemical sectors, the abundance of oil and gas resource becomes a…

With the share market languishing in the red amid the non-stop capital outflow by retail investors, new listed companies issuing IPOs no longer see welcome signs from investors.   Investor…

Insurance companies in Iran paid 16.7 trillion rials ($63 million) in Covid-related medical bills since the outbreak of the coronavirus pandemic in February 2020. The Central Insurance company…

Municipalities of seven major cities issued 89.3 trillion rials ($330 million) in bonds in the first nine months of present fiscal year to Dec. 21. Compared to same time last year, the bond…

Iran’s oilseed production currently stands at 430,000 tons per year while annual imports amount to 2.23 million tons, according to secretary of Iran Vegetable Oil Guild Association.

After two weeks of talks, the IMF said it has advanced efforts to secure an aid program to help Lebanon overcome its "unprecedented and complex" economic crisis, but more work is needed.

Iran’s exports of technical and engineering services stood at $1.8 billion during the current fiscal year’s first nine months (March 21-Dec. 21, 2021), $1.1 billion more than in last year’s…

The Producer Price Inflation for the services sector reached an all-time high in the autumn of the current fiscal year.  The average Producer Price Inflation for the services sector in the…

Two major auto manufacturers are negotiating with banks to boost liquidity for increasing their production by 260,000 units in the fourth quarter of the current fiscal year (December 22, 2021-…

The most effective solution for industries to generate their own electricity and not be at the mercy of the state-run Power Generation, Distribution and Transmission Company (Tavanir) is by…

Ibn Sina Port Petrochemical Plant in Mahshahr, Khuzestan Province, which was launched last week, will help complete the butane value chain and prevent butane crude sales, the National…

The Petrochemical Research and Technology Company has succeeded in indigenizing two polyolefin catalysts used in the production of polypropylene and high-density polyethylene.

A senior Russian diplomat said “intensive work” is underway between nuclear negotiators in Vienna on ways to secure the revival of the 2015 nuclear agreement.

Tajikistan’s President Emomali Rahmon congratulated the Iranian nation on the 43rd anniversary of the Islamic Revolution, expressing his country’s willingness to expand relations with Iran in…

A senior security official underscored Tehran’s imperishable position and policies after an American diplomat highlighted the availability of US options with regard to Iran.  In a post on…

Health Ministry’s latest update to Iran’s map of Covid-19 cases raised the number of cities on red alert by 105% from last week’s 120 to 247 amid the relentless spread of the Omicron variant of…

EU chief Ursula von der Leyen on Thursday unveiled plans to muster investment of more than 150 billion euros for Africa, proclaiming Europe to be the continent's biggest and "most reliable"…

After a short-lived rally a week before, Tehran’s stock market lost luster in the week ending Wednesday amid sharp increase in capital outflow by nervous retail investors.  The main index…

Data released by Shaparak, the company in charge of Iran's domestic payment network, show more than 123.1 million bank cards were used at least once in the ninth month to December of the current…

The Majlis Research Center has warned that a toxic mix of incorrect fiscal and monetary policies could add fuel to the inflation fire in the next fiscal year that begins in March.  In a…

The supply of foreign currency for import needs improved substantially in the past five months, head of the Central Bank of Iran public relations office said.  In a note on his social…

Potato production in Iran has experienced a 30% decline in the current fiscal year that started on March 21, 2021.  The decline in yield will cause problems in supplying the crop to the…

Long lines of trucks behind the Astara customs terminal, a border crossing between Iran and Azerbaijan Republic, have formed in recent days, most of which are carrying transit and export goods…

The Statistical Center of Iran provides two figures for the youth unemployment rate: the proportion of the population between 15 and 24 years and those between 18 and 35 years.   

The National Iranian Tax Administration earned 2,510 trillion rials ($9.47 billion) in tax income during the first 10 months of the current fiscal year, according to its deputy head. “The…