Turkey's gas importing company Botas has temporarily suspended gas imports from Iran because of a technical problem in a pressure boosting station in Turkish territory.

Hydroelectric power plants across the country generated 10,500 gigawatt hours of electricity during March-October 2021, indicating a 30% decline compared to a year ago, yet hydropower output is…

Japanese Prime Minister Fumio Kishida expressed his resolve on Wednesday to encourage wage hikes as part of his signature policy of creating a "new form of capitalism."

He also…

Tehran stocks bucked a declining trend at the close of trade on Wednesday – a trend that has dominated the share market over the past five sessions.  The fragile recovery was due to the…

Central bank Governor Ali Salehabadi said Tuesday the regulator is in the process of reforming regulations to help ease the people's access to financial services. 

The Central Bank of Iran in collaboration with the Trade Promotion Organization has agreed to further ease procedures for exporters who failed to repatriate their overseas income in the past…

Government bonds again failed to attract buyers at this week’s auction on Tuesday as both in situational investors in the bourse and banks stayed away.  According to Central Bank of Iran…

In a letter to the Agriculture Ministry, the Vegetable Oil Industries Association has warned against “serious crisis” facing the market as a result of a looming shortage. Per capita vegetable…

Tehran Mayor Alireza Zakani submitted Tehran Municipality’s budget bill for the next fiscal year (March 2022-23) to the capital city’s Islamic City Council on Tuesday. TM’s main budget proposal…

Iran’s rail sector transported 14.7 million passengers during the current Iranian year’s first nine months (March 21-Dec. 21, 2021) to register a 110% rise compared with the similar period of…

President Ebrahim Raisi said Tehran is willing to foster strategic ties with Moscow and sees no restrictions to expanding its relations with the Russian Federation.  Speaking in a meeting…

Iran’s Health Ministry on Wednesday logged 4,060 new cases of the coronavirus, up by over 140% compared to the start of the week as the Omicron variant continues to drive infections.  It…

Iran’s exports to Syria earned $160 million in the current fiscal year’s first nine months (March 21-Dec. 21), registering a 90% growth compared with $84 million in last year’s corresponding…

Four new shipments of Covid-19 vaccines arrived in Iran, bringing the total volume of imports to 154.98 million doses, Rouhollah Latifi, spokesman of the Islamic Republic of Iran Customs…

The Majlis Budget Integration Commission has approved the import of 50,000 passenger cars and 10,000 heavy mining and road construction machinery in the next fiscal year (starting March 21, 2022…

More than 83,000 households in Zahedan, Sistan-Baluchestan Province, are connected to the national gas grid now, and projects are underway to increase the figure. So far, 1,380 kilometers of…

Tehran is ready to expand cooperation with Russian firms in the fields of oil and natural gas, as energy contracts are expected to be signed soon. Iran’s Oil Minister Javad Owji made the…

Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in…

Afghanistan’s water officials opened discharge valves at the Kamal Khan Dam on Helmand River and water is expected to flow into three big reservoirs in the Sistan Plain called Chah-Nimeh in…

Tehran’s share market faced a bruising selloff on Tuesday as a wave of panic selling dragged down prices in majority of the tickers. Under unrelenting sell-side pressure, the benchmark of…

Loans by banks and credit institutions increased 59.5% in the first nine months of current fiscal year (March 21-Dec. 21).  Banks lent 20,195 trillion rials ($74 billion) to various…

More than 90% of Iran’s demand for artemia (brine shrimp) are met through imports while Lake Urmia can fully supply this demand, according to the head of Iran Artemia Research Center. “Only…

Trade between Iran and Economic Cooperation Organization’s nine members stood at 23.24 million tons worth $11.75 billion in the current fiscal year’s first nine months (March 21-Dec. 21),…

The Ministry of Industries, Mining and Trade's survey of the current Iranian year’s first eight months (March 21-Nov. 21) indicates the output of 18 products (out of 27 under review) registered…

Some of the heaviest snowfalls in years have caused severe transport disruptions in Iran over the past week, forcing the cancelation of flights and closure of roads. Airliners across the…