The US dollar gained 1.6% or 4,700 rials and was traded at 290,030 rials in Tehran’s open market on Wednesday, the highest since March. Bank-affiliated moneychangers sold demanded 271,540 rials…

Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over €200 million in damages plus costs to two Iranian banks for the unlawful moves against f their operations…

President Ebrahim Raeisi will be heading for the Turkmen capital Ashgabat on Saturday to take part in the 15th summit of the Economic Cooperation Organization. 

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei lauded the morale of Basij volunteer forces, saying decades of experience shows that all problems in the country can be resolved…

Foreign Minister Hossein Amir-Abdollahian said Iran is serious and prepared to reach a quick and good agreement on the restoration of the 2015 nuclear deal, but is at the same time distrustful…

Unrefined sugar imports stood at 758,000 tons during the first eight months of the current Iranian year (March 21-Nov. 21), showing a 12% decline compared with the similar period of last year,…

Latest data released by the World Steel Association show Iran’s steel output has declined, yet the country’s world standing remains unchanged. Iranian steel mills produced a total of 22.4…

The Statistical Center of Iran has published new data on the number of building permits issued in Tehran as well as other urban areas. 

The administration of US President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and…

The National Iranian Drilling Company has drilled 46 oil and gas wells in the onshore and offshore oil-rich regions of the country in the current Iranian year’s first eight months (March 21-Nov…

Iranians burnt as much as 21 billion liters of gasoline between March 22 and Nov. 22, up 14% or 2.6 billion liters compared with the corresponding period of last year, the head of the National…

In order to upgrade Iran's aging bus fleet, the government is considering swapping oil for 3,600 new buses, a deputy interior minister said. Mehdi Jamalinejad added that due to rising air…

No 2027

Foreign exchange rates continued to rise Tuesday in Tehran’s open market extending an ascending order that started on Saturday. The dollar was choppy reaching above 286,000 rials early in the…

An estimated 8.9 million tons of goods worth over 629 trillion rials ($2.2 billion) were sold in the spot market of the Iran Mercantile Exchange in the calendar to Nov. 21.   This was 18%…

Iran's Social Security Organization covered 37.05 million people in the first quarter of the current Iranian year that started in March, posting 3.1% growth on the same period last year. The…

After a short-lived rally in the earlier session, sell-side pressure loomed large in Tehran’s share market on Tuesday reflecting investor nervousness in the highly volatile market. The…

Iran traded 36.74 million tons of goods worth $17.48 billion with Persian Gulf littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, in the current fiscal year’s first…

Iran annually imports $5 billion worth of essential goods from Brazil with a customs duty of up to 4% while the Islamic Republic’s exports to the South American country is less than $100 million…

In a follow-up of efforts linking ICT infrastructures to rural areas, 400 billion rials ($1.4 million) have been allocated to Kerman Province.

When is the right time to terminate the infamous, destructive policy of subsidized imports? This is the question Mohsen Jalalpour, the former president of Iran Chamber of Commerce, Industries,…

Latest data released by the Statistical Center of Iran show the downtrend in annualized inflation registered in the seventh fiscal month (ending Oct. 22) maintained momentum in the eighth month…

US pressure on OPEC+ to pump more oil and cool red-hot crude prices has shone a spotlight on a relatively new problem for the producer group, as it does not have much extra capacity to hike…

A memorandum of understanding for the construction of 150-megawatt small-scale power plants has been signed between the Khuzestan Regional Electricity Company and Safat Energy Yazd Company (…

The construction of Kamandan Dam in Azna County, Lorestan Province, has been completed and its reservoir is ready to be filled with water, the representative of Doroud and Azna in the parliament…