The average goods and services Consumer Price Index of “communications" in the 12-month period ending Dec. 21 increased by 10.7% to register the lowest annualized inflation among 12 groups of…

In the last eight years, no good quality vehicles have been produced, the head of the Institute of Standards and Industrial Research of Iran announced. Mehdi Eslampanah added that nine…

Iran’s economy is gradually recovering, following a lost decade (2011–2020) of negligible economic growth, reads a new Iran Economic Monitor report by World Bank: “Adapting to the New Normal: A…

A total of $3.5 billion worth of commodities were exported from Kermanshah Province’s border crossings during the current Iranian year’s first nine months (March 21-Dec. 21), showing a 9% rise…

Drilling wells, both legal and illegal, in Markazi Province’s counties have accelerated the death of qanats (aqueducts) in the region, the head of the Soil and Water Office at the provincial…

The National Iranian Oil Refining and Distribution Company and Bank Mellat have signed a memorandum of understanding for the construction of a pipeline to supply petroleum products to the…

The construction of Ghadir Energy Combined Cycle Power Plant started in Lamerd Country, Fars Province. With a generation capacity of 913 megawatts, the gas-fired power station is estimated to…

An informed source said areas of difference in negotiations to revive the 2015 nuclear deal have narrowed and delegations are discussing the sequence and methods of implementing a possible…

Iran received 700,000 AstraZeneca vaccine shots from Japan over Friday and Saturday as part of the country’s pledge to increase donations in response to the emergence of the Omicron variant of…

Relations between Iran and Saudi Arabia are regaining life and the embassies of the two regional powerhouses are preparing to reopen, according to a member of the Majlis National Security and…

US electric car manufacturer Tesla has begun testing a payment option for the digital currency Dogecoin a month after the company’s CEO, Elon Musk, hinted in a tweet that it would be doing so.…

New data from the Central Bank of Iran show banks and credit institutions performed better in recovering non-performing loans in first half of current fiscal year ending Sep.22.  The ratio…

Banks must concentrate on the credit rating of customers when studying loan requests, the Central Bank of Iran’s head of information department said.  “Lenders are obliged to make thorough…

Tehran’s stock market was bearish in the last trading week that ended on Wednesday as decline in the currency market impacted sentiment of shareholders of export-oriented listed companies.…

The Money and Credit Council, the top banking and monetary decision-making body, gave banks the go-ahead to issue bonds to meet their financial needs.  According to a press release posted…

A total of 709,000 tons of rice were imported during the first nine months of the current fiscal year (March 21-Dec. 21), which shows order placements and imports are being carried out slower…

The 70% increase in value added tax, the change in its calculation basis for imports and the rise in fuel prices for industries have inflated the fiscal 2022-23 budget, said the head of the…

Foreign Minister Hossein Amir-Abdollahian, who is in Beijing at the head of a high-ranking politico-economic delegation, met his Chinese counterpart Wang Yi on Friday. 

Skyroom, a domestic platform for holding webinars, online training courses, web conferencing sessions and live webcasts, has been used by 27 million people since the fiscal 2017-18. 

Iran’s foreign trade, excluding crude oil exports, reached 43.32 million tons worth $27.16 billion in the third quarter of the current fiscal year (Sept. 23-Dec. 21), according to the spokesman…

President Ebrahim Raisi on Friday officially launched Phase 1 of Qeshm ultra-heavy crude oil refinery in southern Hormozgan Province. Built by Pars Behin Palayesh Naft Qeshm Company, a…

Oil futures eased for a second session on Friday on expectations that Washington may soon act to cool prices that remain above $80 per barrel, while movement curbs in China to rein in a Covid-19…

Currently, 73.5% of the urban population in Isfahan Province are connected to the sewerage network, managing director of the provincial Water and Wastewater Company said. “The company covers…

A fire broke out in a distillate fuel storage tank at Charmshahr Petrochemicals Plant in Bouin-Zahra County, Qazvin Province, on Thursday, a spokesman of the Iranian Oil, Gas and Petrochemical…

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