Direct flights from Ahvaz, the capital of southwestern Khuzestan Province, to the Turkish capital Istanbul will be operated from Nov. 4 by Iran Airtour, according to the head of Ahvaz Chamber of…

The producer price index in the four-quarter period ending June 21, which marks the end of the first quarter of the current Iranian year, grew by 60.4% compared with the corresponding period of…

The import of cheap and low-quality footwear has caused serious damage to domestic shoe industry, says Ali Lashgari, a board member of Iran’s Chamber of Commerce, Industries, Mines and…

A total of 46.68 million doses of Covid-19 vaccines were imported to Iran from Feb. 3 to Sept. 10. According to Mehrdad Jamal Orounaqi, the technical deputy of IRICA, about 43% of the total…

The budget deficit is on course to reach 4,640 trillion rials ($16.79 billion) in the fiscal 2021-22 while the government is also facing an unfunded deficit of roughly 30%, or 3,830 trillion…

Water is closely linked with industrial development and economic growth.  The director of the National Water and Wastewater Engineering Company of Iran (Abfa) added that water supply and…

Oil prices rose on Friday on growing signs of tightness in US markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of nearly 1% after China…

Domestic companies and manufacturers are supplying about 80% of the parts and equipment required by Isfahan Oil Refining Company in central Isfahan Province, commercial director of the company…

Moscow expects that the Shanghai Cooperation Organization’s leaders will decide on the start of Tehran’s admission to the organization at the Dushanbe summit on September 16-17, Special Envoy of…

Closing unauthorized cryptomining farms to prevent blackouts remains on the agenda of the Iran Power Generation, Distribution and Transmission Company (Tavanir) as demand for electricity remains…

The government is set to allot the so-called Justice Shares to new eligible groups and those who failed to receive the free shares when they were first given to the public. The Minister of…

Banks and credit institutions gave 9,007.8 trillion rials ($33 billion) in loans in the first five months of the current fiscal year (March 21-August 22). Lending was 51.3% or 3,054.9 trillion…

Foreign exchange rates extended gains on Thursday after the dollar advanced above 270,000 rials a session before. The greenback closed more than 1% higher or 2,900 rials, reaching 278,200 rials…

Soymeal prices in the domestic market have soared by 200% compared to last year, says the head of Food Wholesalers Association, noting that soybean imports are entitled to subsidized foreign…

A new report by Iran Chamber of Cooperatives shows the Purchasing Managers’ Index for Iran’s housing sector has dropped to a 16-month low. The Purchasing Managers’ Index for the housing sector…

Four members of President Ebrahim Raisi’s administration were sworn in on Wednesday for the Money and Credit Council, the top monetary and banking decision-making body. The council convened…

The forex market in Tehran was volatile on Wednesday as most foreign currencies posted gains reportedly spurred by expectations arising mainly from political developments. The dollar vacillated…

After two weeks of moderate success, the weekly bond auction, held by the Central Bank of Iran on behalf of the government, failed to attract buyers. The government barely sold 7.3 trillion…

The number of insurers in Iran, including reinsurance, life insurance and general insurance companies, is likely to reach 46 with the regulator saying that 13 new firms are getting ready to…

Since the outbreak of the coronavirus pandemic in Iran in February 2020, local tech-based enterprises have stepped up efforts to help fight the deadly disease.  Like many other countries…

Iran registered a trade surplus of $1.26 billion in the month ending Aug. 22, according to the spokesperson of the Islamic Republic of Iran Customs Administration.

There are no air tours to Iraq for annual Arbaeen pilgrimage and pilgrims can only travel individually to this country this year, provided they carry negative PCR test result, according to the…

The annual construction of one million housing units under the new government plan named “Surge in Housing Production” is achievable but the lack of amenities such as water, electricity and…

The National Iranian Gas Company has carried out overhaul operations on 10 gas refineries since March, the head of production department at the state-run NIGC said.

The first small hydroelectric power plant in Khorasan Razavi Province was inaugurated on Wednesday, the head of the provincial water company said. “Ardak Hydropower Plant, located 70 km from…