The first private equity (PE) fund focusing on knowledge-based companies has been established through a memorandum of understanding (MoU) signed at the Financial Industry Exhibition (FINEX)…

The key point regarding budget deficit is the discussion on the difference between resources and expenditures.  In economics, resources are taxes. Now, if we consider oil as one of the…

According to a new report released by the research arm of the Iranian Parliament, average home prices in Tehran increased by more than 950% during the past five years. Moreover, 45% of urban…

Iran-Russia relations have entered a new era of mutual cooperation. Thanks to the war in Ukraine, Moscow and Tehran’s interests — whether military, economic or geopolitical — have aligned to an…

“Health and Medical Treatment”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 47.4% in the second month of the…

The discussion of government intervention in the economy and the limits of this intervention is a point of dispute among different economic schools and it falls into the category of political…

Major Iranian producers of minerals and mining products exported 9.99 million tons worth $2.16 billion during the first two months of the current Iranian year (March 21-May 21), to register a 57…

US-based oil major Chevron will invest more than $500 million to develop the Trapial block in western Neuquen Province, home to the massive Vaca Muerta shale basin, Argentina’s Economy Ministry…

Carbon dioxide emissions from energy use in the European Union fell by 2.8% last year, thanks to the lower use of natural gas following Russia's invasion of Ukraine. The European Union's…

Spain is on track to generate more than half of its power from renewable sources this year, the first of the top five European countries by power demand to accomplish this feat, according to…

To prevent financial disputes and resolve technical hitches between the National Iranian Gas Company and Botas, Turkey's state oil and gas company, new equipment was installed at the…

By the end of the current Iranian year (March 2024), 64 incomplete projects in the oil industry worth $15 billion will be made operational, the oil minister said on Saturday.

To help bolster food supply chain in Iran, Persian Gulf Star Refinery in Bandar Abbas in the southern Hormozgan Province is developing an initiative to convert hydrogen into value-added…

The French president called his Iranian counterpart, saying Paris is eager for cooperation with Tehran, an Iranian official said on Saturday. Mohammad Jamshidi, the Iranian president’s deputy…

The United Nations General Assembly named July 12 as the International Day of Combating Sand and Dust Storms in an effort to raise public awareness about the growing global problem. 

Iran’s mission to Vienna-based organizations called on the international community, including the International Atomic Energy Agency and its member states, to show wisdom in addressing Iran’s…

General Motors will join Ford in adopting Tesla's North American charging plug standard and give GM electric-vehicle buyers access to the Tesla supercharger network under an agreement announced…

Transactions in the domestic car market are limited to passenger cars priced under 20 billion rials ($40,746), according to an automotive expert. “Currently, the market is in recession and cars…

Turkey’s President Recep Tayyip Erdogan has appointed a former Wall Street banker Hafize Gaye Erkan as the country’s new central bank governor — another move that could potentially mark a policy…

Every once in a while, talks about a motion or a bill to increase the Central Bank of Iran’s authority circulate in the media. This means that the ruling establishment is aware of the need for a…

Authorities are in the process of revising rules to help attract knowledge-based companies to the capital. Mahmoud Goodarzi, the CEO of the Tehran Stock Exchange, said "We are focused on…

The main gauge of Tehran Stock Exchange, TEDPIX, gained 17,000 points last week and was up 0.77%, during three days of trade and the TSE equal-weighted index climbed 1.45%.  IFX, the main…

Iraq has approved plans to revive a war-crippled project to build liquefied natural gas depots in its largest governorate, the official Iraqi News Agency reported on Friday. The project to…

The unemployment rate for Iranians between 18 and 35 years stood at 16.3% in the fiscal 2022-23, registering a 0.2% decline compared with the year before, the Statistical Center of Iran reported…

The Purchasing Managers' Index for Iran’s economy emerged from the Norouz (Iranian New Year) contraction in the second month of the fiscal year (April 21-May 21), new data released by the…