Equipment in most gas stations across the nation is in dire need of rehabilitation and renewal, the head of Iran Gas Station Owners Union said.

Oil prices edged up on Monday, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude…

An estimated 280 billion kilowatt-hours of power were produced during March-December 2021, up 5% or 14 billion kWh compared to the same period of a year ago.

Bushehr Water and Wastewater Company is constructing several desalination plants across the southern province with a total capacity of 100,000 cubic meters per day, which are expected to…

Agrifood exports from Iran are on the decline, as imports rise significantly. Latest data released by the Agriculture Ministry show Iran exported 6.26 million tons of agricultural and food…

Economic players have to consider a large margin of error if they are to use official statistics, a member of Tehran Chamber of Commerce, Industries, Mines and Agriculture said. 

Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said it is the private sector that bears the brunt of higher taxes forecast in the government budgets. …

The Governor of Central Bank of Iran Ali Salehabadi says the economy is in recovery mode as major indicators such as export revenue, forex rates and inflation are improving. 

As per rules banks must earmark 20% of their loans to the housing sector; however "they show little if any interest in doing so despite the 18% return," a board member of the Iranian Builders'…

The unemployment rate for university graduates stood at 13.8% in the third quarter of the current Iranian year (Sept. 23-Dec. 21), posting a 0.5% decrease year-on-year.  According to the…

A total of 6.58 million tons of sugarbeet were harvested across the country from the beginning of the current Iranian year on March 21 until the end of the crop year on Dec. 21 to register a 25…

Iran’s exports to African countries reached $912 million in the first nine months of the current fiscal year (March 21-Dec. 21), registering a 199% year-on-year growth ($600 million) in terms of…

Domestic knowledge-based companies and startups active in the technology ecosystem have developed 17 innovative products to improve road traffic and reduce air pollution. This was in response…

Iran held 500 billion cubic meters of strategic underground water reserves or fossil water, of which 100 bcm were consumed between 2010 and 2021, a water expert said.

The project to connect Qeshm Island in the Persian Gulf to the national gas grid has registered 40% progress, the project manager said.

Despite a painful start weeks ago, international talks to save the Iran nuclear deal have entered the New Year with positive signals emerging, including the EU saying that a deal remained…

Iran’s Health Ministry on Sunday registered the first three deaths from the Omicron variant of the coronavirus nearly one month after the first case was identified in the capital Tehran.…

A top policymaker at the European Central Bank (ECB) has warned in an interview with Germany's Suddeutsche Zeitung that raising interest rates too soon could harm the economy.

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After three lukewarm sessions, Tehran stocks opened on Saturday under mounting selloff pressure.  The benchmark of Tehran Stock Exchange, TEDPIX, lost 11,633.46 points or 0.87% to retreat…

Iranian banks have formed a consortium to fund domestic oil and gas projects estimated at $4 billion, the Economy Minister Ehsan Khandouzi said.

The interbank interest rate declined for the second straight week after reaching the one-year high of 21.11% on Dec. 30.   Stepping back from the recent highs, the interbank rate declined…

A US appeals court put the federal government's prosecution of Turkish state-owned lender Halkbank for allegedly helping Iran evade American sanctions on hold while the bank appeals to the US…

Tehran’s currency market opened lower Saturday as fears of further decline sparkled a new bout of selling.  After big losses in the recent past, the US dollar relatively stabilized last…

Iran traded 75.17 million tons of goods worth $36.81 billion with its 15 neighbors during the current Iranian year’s first nine months (March 21-Dec. 21, 2021), registering an 18% and 42% rise…

A total of 13,419 tons of sprat were harvested from the northern Caspian Sea during the current Iranian year’s first nine months (March 21-Dec. 21), registering an 8% rise compared with the…