A total of 27,000 taxis in the city of Tehran are equipped with a QR code payment system, but fewer than half of them use this platform to receive their taxi fares. 

Power plants in Markazi and Semnan provinces are adding new units to increase their electricity generation capacity and a power station in under construction in Kerman Province, managing…

Petrochemical production capacity is expected to reach 130 million tons in four years, managing director of Iran's Petrochemical Special Economic Zone (Petzone) Organization said.

The 17th Kish International Energy Exhibition (Kish ENEX) will be held on Kish Island from Jan. 17-20, 2022.

Negotiations to save the nuclear pact between Iran and world powers are proceeding in a constructive atmosphere, sources familiar with the talks in Vienna said on Thursday. It is becoming clear…

The ambassador in Beijing said the opening of China’s consulate general in Iran’s southern port city of Bandar Abbas will greatly contribute to the development of trade ties between the two…

A total of 152.55 million tons of mineral products were extracted by the National Iranian Copper Industries Company in the first nine months of the current fiscal year (March 21-Dec. 21),…

Banks, credit institutions and equity market investors again stayed away from the weekly bond auction held by the government. Bonds sold this week was hardly 99.9 billion rials ($341,000) --…

The main gauge of Tehran Stock Exchange, TEDPIX, closed trading week slightly below the flatline as selloff pressure continued on commodity stocks. 

Insurance companies paid 62.2 trillion rials ($207.3 million) to agents in the last fiscal year (ended March 2021), marking 44.2% growth compared to the year before. The Central Insurance…

Petrochemical companies are in the lead in generating foreign currency revenue at a time when Iran’s economy is under US sanctions and struggling with forex shortages.

Iran’s commercial exchanges with its leading trade partner, China, reached $13.13 billion from January 2021 till the end of November, registering a 3% decline compared with the corresponding…

The United States expressed caution over upbeat comments by Iran and Russia about talks in Vienna to salvage the 2015 Iran nuclear deal, saying it was soon to say if the negotiations could lead…

After eighth months of diplomatic attempts to revive the 2015 nuclear deal, Iran is still refusing to sit down with the United States, the main party to the dispute. The diplomatic process…

Vehicle production in the country has improved both qualitatively and quantitatively in the current Iranian year’s eighth month (Oct. 23-Nov. 21) compared with the corresponding period of last…

Iranian steelmakers’ daily gas consumption is at 30 million cubic meters, which only account for 5% of the total 800 million cubic meters per day, according to the head of Iranian Steel…

The value added tax exemption for food and agricultural imports will be removed as of Jan. 3, 2022, but their supply in the domestic market will remain tax exempt just like their locally-…

The average goods and services Consumer Price Index of “food and beverages” in the 12-month period ending Dec. 21 increased by 58.3% compared with last year’s corresponding period — the highest…

The transfer of desalinated water from the Persian Gulf to drought-stricken Kerman and Yazd provinces will cost 150,000 rials (50 cents) per cubic meter, a senior consultant of the Energy…

With the synchronization of the second steam unit of the Urmia Combined Cycle Power Station with the grid, the capacity of Iran's thermal power plants has reached 70,000 megawatts, the head of…

Tapping into the huge helium reserves in the giant South Pars Gas Field off the Persian Gulf is on the Oil Ministry’s agenda and operations will start in the near future.

Central Bank of Iran is to unveil an instant payment system which will replace the existing card-to-card transfers. 

Unlike banks, payment service providers (PSPs) are concerned…

Tehran stocks were mixed on Tuesday as most small-size companies gained while blue chips faltered.  The equal-weighted index of Tehran Stock Exchange gained more than 0.5%. This index…

Foreign currencies pulled back on Tuesday in Tehran after weeks amid declining expectations arising from long-awaited positive political developments. 

In a meeting with CEOs of state-owned banks on Tuesday the Economy Minister Ehsan Khandouzi instructed them not to arbitrarily raise lending rates. Khandouzi said the rates lenders charge on…