Strengthening Iran's position in OPEC and retaking its share in the global oil market is among the Oil Ministry’s priorities, new oil minister, Javad Owji, said on Thursday, the first day of his…

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The Iranian parliament voted on Wednesday to approve all but one of President Ebrahim Raeisi’s Cabinet nominees, after he appeared before the legislature to defend his picks.  In total,…

Tehran stocks were choppy at the close of trading week on Wednesday and most large caps recovered from an early sell- side pressure.  With rise in demand in final hours of the session, the…

The Central Bank of Iran allocated $7.2 billion for importing essential goods in the first five mounts of the current fiscal year that started in March.

Financial statements of 18 banks and credit institutions listed with the stock market in Tehran show most made profit on loans, outweighing interest paid on deposits.  Interest on loans…

Foreign exchange rates extended gains against the national currency on Wednesday with the dollar getting closer to the critical 280,000-rial level.  Currencies were traded moderately in…

The number of Covid-19 deaths is surging in Iran and families are worried sick about catching the virus. High-ranking political officials are now more vocal about the importance of vaccine…

A senior Russian diplomat said Iran’s decision to take more steps away from the 2015 nuclear deal by producing uranium metal and increasing uranium enrichment capacity stem from a lack of…

A total of 550,000 tons of carrots are estimated to be produced on over 12,000 hectares of farms across the country in the current Iranian year (started March 21), to register a 10% rise…

Iran’s exports to Oman stood at 665,000 tons worth $176.7 million in the first four months of the current fiscal year (March 21-July 22), registering a 31% and 49% growth in weight and value…

Iran’s business environment deteriorated in the first quarter of the current fiscal year (March 21-June 21) compared to the previous quarter, Iran Chamber of Commerce, Industries, Mines and…

Hand-woven rugs worth $5 million were exported from Iran during the first quarter of the current fiscal year (March 21-June 21), says a member of Tehran Chamber of Commerce, Industries, Mines…

Iran’s Vice Presidential Office for Science and Technology have inaugurated several tech projects in the southeastern province of Sistan-Baluchestan to boost its technological ecosystem. During…

Iranian steel mills produced a total of 17.8 million tons of crude steel in the first seven months of 2021, which indicate a 9.9% rise compared with the corresponding period of 2020.  As…

Iran exported 723,000 tons of goods worth $370 million to Iraq via Mehran border crossing located in Ilam Province during the first five months of the current fiscal year (started March 21),…

The National Iranian Drilling Company drilled 34 oil and gas wells in onshore and offshore fields during the first five months of the current Iranian year (March 21-Aug. 22), the deputy head of…

Despite the rise in gasoline production in recent years, promoting the use of environmentally-friendly compressed natural gas instead of eco-unfriendly gasoline is imperative to reduce fuel…

Caspian Combined-Cycle Power Plant in northern Mazandaran Province has started commercial operation after a period of extensive testing and trial operation, the project director of private power…

President Ebrahim Raeisi appointed Mohsen Rezaei as vice president for economic affairs in a decree on Wednesday.  He will at the same time serve as secretary of the Cabinet’s Economic…

The Health Ministry gave out a record 764,000 vaccine shots in one single day as authorities scurry to identify and immunize those most at risk of the coronavirus. 

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The International Monetary Fund said its new allocation of Special Drawing Rights (SDRs) equivalent to $650 billion, the largest in the IMF's history, comes into effect, in an effort to help…

In the calendar month ending August 21 goods worth 355 trillion rials ($1.3 billion) were traded in the spot market of the Iran Mercantile Exchange. The value was up 17% compared to the month…

Major currencies rallied sharply in the early hours on Tuesday in Tehran but pared some of the gains in the middle of the day. The dollar crossed above 278,500 rials in the open market before…