The government will put on end to paying subsidized foreign currency to import pharmaceuticals, the health minister said. “Allocating subsidized currency creates the ground for rent-seeking and…

Foreign exchange rates on Tuesday pared most of loss incurred on Thursday and in the process lifted gold prices in the domestic market. The dollar advanced above the 270,000 level in Tehran’s…

Iran Power Generation, Distribution and Transmission Company (Tavanir) says whistleblowers helped in almost 20% of the total illegal cryptomining farm detections since the beginning of the…

The Ministry of Industries, Mining and Trade's review of the first three months of the current Iranian year (March 21-June 21) show the output of 10 mineral products (out of 12 under review)…

Exports from Golestan Province reached 221,000 tons worth $58 million during the first five months of the current Iranian year (March 21-Aug. 22), showing a 126% and 30% growth in weight and…

The complete dilapidated taxi fleet in the capital city of Tehran can be renovated in 18 months, if 50 trillion rials ($181.8 million) are allocated to the project, Tehran Municipality’s deputy…

A total of 109,834 tons of olives are estimated to be produced in Iran during the current Iranian year (started March 21) to register an 8.47% decline compared with last year’s yields, the…

Iranian steelmakers have registered a significant growth in exports, latest data released by the Iranian Steel Producers Association show. A total of 3.08 million tons of semi-finished steel…

A total of 2.5 tons worth $202.43 million of damask rose oil were exported from Iran in the last fiscal year (March 2020-21), which makes Iran the biggest damask rose oil exporter in the world,…

Iran’s exports to Lebanon reached $12.7 million during the first five months of the current Iranian year (March 21-Aug. 22), showing a massive growth of 677% and 226% in weight and value…

A total of 126,400 permits were issued for starting businesses by the Ministry of Industries, Mining and Trade in the first three months of the current Iranian year (March 21-June 21),…

Housing accounted for 27.4% of total expenditure of Iranian households in the year ending March 2020, a report by the Ministry of Cooperatives, Labor and Social Welfare says. 

Large-scale operations carried out by eastern and western neighboring states to control cross-border rivers have compounded Iran’s mounting water crisis, the head of the Water Affairs Faculty at…

The construction of the steam unit of Ghadir Qeshm Power Plant on Qeshm Island, off the Persian Gulf, is underway and will come on stream next summer. According to the National Iranian Gas…

OPEC predicted stronger demand for its crude on a combination of rising global fuel consumption and output disruptions elsewhere. The latest data from the group indicate that the world will…

The daily output of small-scale distributed generation power plants has surpassed 1,100 megawatts, up 60% compared to a year ago, managing director of Iran Grid Management Company said. “…

Moscow, Beijing and Berlin hailed the recent deal between Iran and the UN nuclear agency to continue their technical cooperation.  Moscow welcomes an agreement on maintaining interaction…

Tehran will decide on the Taliban’s invitation to attend the inauguration of the new Afghan government based on the group’s actions, Iran’s Foreign Ministry spokesman said.

Western powers on Monday scrapped plans for a resolution criticizing Iran at the UN atomic watchdog after Tehran agreed to prolong monitoring of some nuclear activities, even though the watchdog…

No 1971

After years of shock and awe Bank of Japan is quietly rolling back radical policies introduced by its bold chief Haruhiko Kuroda Pioneering and pioneering controversial new measures that blur…

With a coefficient of 26.64%, the Consumer Price Index of “Food and Beverages” for all Iranian households stood at 436.5 in the month ending Aug. 22, which marks the end of the fifth Iranian…

The total value of all Covid-19 vaccines imported from Feb. 3 to Sept. 12 stood at $421 million, according to the technical deputy of the Islamic Republic of Iran Customs Administration.

Data released by the government indicates its budget earnings reached 2,630 trillion rials ($9.7 billion) in the first five months (March 21-August 22) of the current fiscal year. It said 1,495…

Insurance companies sold nearly 18 million life insurance policies in the four months of the current fiscal year that started in March, up 17.79% year-on-year. Life insurance accounted for 15.…