It is estimated that a total of 1.8 million tons of sugar will be produced in Iran in the current Iranian year (March 2021-22), which is sufficient to supply more than 70% of the domestic demand…

A total of 2.2 million tons of rice are estimated to be produced in Iran during the current Iranian year (March 2021-22) to register a 13% decline compared with last year, according to the…

France's foreign minister has accused Australia and the US of lying over a new security pact that prompted Paris to recall its ambassadors.

Jean-Yves Le Drian accused the countries of…

Lawmakers are trying to steer clear of restrictive measures related to innovative technologies including cryptocurrencies, saying limitations on new technology is no solution.

The loan-to-deposit ratio (LDR) to deposit hit a new high in the month ending May 21, indicating banks’ ability and willingness to improve lending. LDR increased to 81.6%, the highest in the…

After offering cement in the spot market for the first time in May, the Iran Mercantile Exchange plans to launch cement-based certificate of deposits (CD) for retailers. In a talk with IRIB,…

Tehran stocks slumped again on Sunday for the third session in a row as the correction phase lingers under panic selling by retail investors. The benchmark of Tehran Stock Exchange, TEDPIX,…

The government of Azerbaijan has imposed a $130 toll fee since about a week ago on Iranian trucks exporting goods to Armenia via the border region occupied by Azerbaijani forces, says Hervic…

Iran’s trade with Muslim countries stood at 34.5 million tons worth $17.1 billion during the first five months of the current fiscal year (March 21-Aug. 22), according to the spokesperson of the…

Tehran Urban and Suburban Railway Company is renovating subway trains to quickly optimize the environmentally friendly mode of transportation before the likely opening of schools in October.…

Oil Minister Javad Owji has appointed Majid Chegeni as the managing director of the National Iranian Gas Company on Sunday. With a master’s degree in industrial engineering, Chegeni has held…

The controversial policy of paying subsidies to the loss-making power sector that has kept electricity prices low for consumers is unsustainable and has put private power producers in danger of…

Dams across Iran has the capacity to hold 50.5 billion cubic meters of water, but currently only 39% of their total capacity is filled, which is due to lower precipitation in the past water year…

Starting Sunday, Iran began offering coronavirus vaccines to children of school-age between 12 to 18 years old to prepare the ground for school reopenings over the next few months.  “Based…

Iran’s Foreign Ministry criticized the US military’s killing of ten more civilians, including children, in Afghanistan in a drone strike last month, saying Washington cannot exonerate itself by…

President Ebrahim Raeisi said the approval of Iran’s application for permanent membership in the Shanghai Cooperation Organization is a “diplomatic achievement”, calling on the Foreign Ministry…

Foreign Minister Hossein Amir-Abdollahian is set to leave Tehran on Monday to attend the United Nations General Assembly in New York where he will also hold meetings with foreign diplomats and…

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The Central Bank of has announced new regulations for issuing gift cards by banks compatible with the Anti-Money Laundering law. Banks and credit institutions are allowed to sell gift cards…

After notching higher in the past three weeks, updates by the Central Bank of Iran indicate that the interbank interest rate continued its upward trend this week. Interbank rate rose by 0.24…

The Central Insurance company of Iran agreed to review its newly-announced framework about agent and brokers' commissions, which has raised objections among insurers. The decision was made…

Bank Melli Iran, the state-run lender, said the lender has divested its stake in assorted companies worth 133 trillion rials ($492 million). Divestments were completed in two years with the…

Prices of liquid vegetable oil in the fifth month of the current Iranian year (July 23-Aug. 22) registered an 89.7% rise compared with the corresponding period of last year, despite an increase…

A total of 6,210 tons of canned tuna worth $24 million were exported from Iran during the last fiscal year (March 2020-21), registering a 99.3% jump in weight and a 60% hike in value compared…

The former president of Algeria, Abdelaziz Bouteflika, has died after a long illness at the age of 84.

Bouteflika led the country for almost two decades, stepping down in 2019 after…