Tehran stocks closed higher on Sunday bucking a declining trend that lasted for four consecutive sessions as spike in currency prices stimulated demand for commodity stocks. The benchmark of…

Tehran experiences a major earthquake every 165 years on average with magnitudes ranging from 5 to 7.5, says Akramossadat Alijanzadeh, an expert with the Geodesy and Geodynamic Department,…

A total of 5.76 quadrillion rials ($19.2 billion) worth of investments were made in industrial units for which establishment permits were issued by the Ministry of Industries, Mining and Trade,…

Iran’s cosmetics market is worth around $1 billion, 70% of which are dominated by contraband and fake products, according to the head of Importers of Toiletries, Cosmetics and Perfumes…

After a hiatus of two years in bilateral trade, Iran has exported $41,140 worth of commodities to its southern neighbor Saudi Arabia since Ebrahim Raeisi’s presidential term began in August,…

The Producer Price Index in the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current Iranian year, grew by 64.6% compared with the corresponding period…

The Statistical Center of Iran has reviewed changes in the prices of commodities exported from and imported to the country in the second quarter of the current fiscal year (June 22-Sept. 22).

All industrial units that consume more than 2 megawatts of electricity per month will be charged 2.5 cents per kilowatt hour as of the next fiscal year (starting March 2022), the head of Thermal…

The plan to replace the aging Rey Power Plant in Tehran is underway and the first unit of the new high-efficiency F-Class power station will be connected to the network by the summer of 2024,…

Jam Petrochemical Company in southern Iran has produced a new grade of polyethylene that will cut down the import of one of the world's most popular polymers used in producing pipes, the head of…

President Ebrahim Raeisi congratulated Thailand on its National Day, hoping for closer relations with the Southeast Asian nation in various fields. Raeisi on Sunday sent a letter to King of…

A former Iranian diplomat said that the “look-to-east” policy does not mean not to work with other countries and Tehran may have good ties with the West if they stop being hostile toward Iran.…

Iran’s top negotiator in talks to revive the 2015 nuclear deal said Tehran’s demands in its draft proposals include the continuation of the country’s nuclear activities and removal of sanctions…

Government officials have declared the startup ecosystem to be Iran's future business sector because it has the potential to reduce the country's reliance on natural resource sales and boost…

No 2036

A total of 2.84 million tons of goods worth $975 million have been exported from Sistan-Baluchestan Province since the beginning of the current fiscal year (March 21), registering a 20% and 22%…

London-based think tank, Legatum Institute, has released the 2021 edition of its Prosperity Index report. Iran ranks 123rd among 167 countries surveyed in the new report. The ranking has…

The currency market in Tehran was highly volatile on Saturday, apparently riven by negative political developments that sent forex and gold prices to the highest in past 14 months.

Iranian and Russian companies are gradually trading in their national currencies, the chairman of the Russia-Iran Business Council (RIBS) said. "The mechanism for payment in national currencies…

Tehran stocks Saturday extended a long losing streak that has lasted for four straight sessions. However, sell-side pressure on large caps relaxed at the close of trade following the spike in…

Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari on Saturday criticized the government for its intervention in the stock market. Khansari singled out…

The new Omicron variant of Covid-19 could slow the global economic recovery, just as the Delta strain did, IMF chief Kristalina Georgieva said Friday.

"A new variant that may spread…

Providing decent public transportation services to Tehran’s satellite cities has long been a concern of urban managers, as the population in these cities is growing steadily. Urban officials…

Policymakers of Iran’s housing sector have always focused on increasing supply and production without taking note of other issues related to the market failure, Nasser Yarmohammadian, a lecturer…

The Ministry of Industries, Mining and Trade's review of the current Iranian year’s first six months (March 21-Sept. 22) show the output of six mineral products (out of 11 under review)…