Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains. The dollar lost the psychological 300,000 rials support level and retreated to 298,…

Tehran shares Monday extended the long streak of losses  amid mounting pressure from sellers that put the benchmark of Tehran Stock Exchange to where it was five months ago. The market cap…

Russian President Vladimir Putin lamented the fall of the Soviet Union and said he worked an extra job as a taxi driver after its collapse to make ends meet.

Wheat imports stood at 3.6 million tons worth $1.2 billion since the beginning of the current fiscal year on March 21, up until Nov. 6, registering a 60% rise in volume and 92% growth in value…

Besides the increase in money supply, monetary base and inflation, sanctions have played a key role in the volatility of foreign exchange rates in Iran’s economy, Hadi Haqshenas, an economic…

The services sector grew by 4.8% in the first half of the current fiscal year (March 21-Sept. 22) compared with last year’s corresponding period, new data released by the Statistical center of…

The share of housing in the Iranian households’ spending budget has reached an unprecedented high.  According to official statistics, households living in urban areas spent an average of…

Iran’s major automaker Iran Khodro Company (IKCO) has helped save €69 million through the indigenization of auto parts production since the beginning of the current Iranian year (March 21).…

Two new gas units of Tarasht Power Plant in Tehran will be completed by the next summer and the rest of units will be operational by the end of summer, director of power plant project at the…

Close to 250,000 energy-intensive households and commercial units in Sistan-Baluchestan Province will be equipped with smart electricity meters in the third phase of the National Smart Metering…

The water and power sectors have made a positive contribution to exports of technical and engineering services in the past few years, the energy minister said. “Water and electricity services…

Oil prices extended their rally on Monday, as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on…

Turkmenistan’s President Gurbanguly Berdimuhamedow called for closer cooperation with Iran in international organizations, highlighting the importance of economic and trade interaction with the…

The International Committee of the Red Cross and the Iranian Red Crescent Society have announced joint measures to vaccinate Afghan migrants living in Iran against the new coronavirus infection…

Iran on Monday reported its lowest overnight death toll since May 2020 as 42 patients lost their lives to the coronavirus and 14 provinces logged zero fatalities.  The new deaths took the…

Iran’s top negotiator in talks to revive the 2015 nuclear deal said Tehran would continue serious engagement to reach a good deal, adding his discussions over the past days have been “positive…

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President Ebrahim Raisi submitted the fiscal 2022-23 budget bill to the parliament on Sunday.

As the news of Russia returning Iran’s bell pepper export consignments spread recently, officials from the private and public sectors commented on the issue. While some are contradictory, most…

Poor export infrastructure and lack of equipment are to blame for low shipping traffic at Iran’s northern ports and freight forwarding companies.

Iran has 22,477 greenhouses in the current fiscal year (started March 21), 20,623 of which were active, based on new data released by the Statistical Center of Iran. The overall greenhouse area…

Insurance companies are required to collect 5 trillion rials ($16.6 million) from third-party auto insurance policies in the next fiscal year.

The government has allocated 1,000 trillion rials ($3.4b) to help compensate the elimination of subsidized foreign currency in the 2022-23 budget. Scrapping the controversial forex subsidies is…

Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal.

The main index of Tehran Stock Exchange, TEDPIX, lost another 1.78% on Sunday amid unrelenting sell-side pressure in all share categories. The benchmark shed 23,679.64 to end trade at 1,320,761…