Over 30 projects have been planned to reduce the import of petrochemical products worth over $1 billion, the National Petrochemical Company’s director for planning and development said. “…

The National Iranian Oil Company’s crude production has experienced a 37% increase in the first five months of the current fiscal year (March 21-Aug. 20) compared with the corresponding period…

Power production from hydropower plants in Khuzestan Province has hit rock bottom, a deputy manager of the provincial power company said. “Several hydroelectric power plants, including Karoun 1…

On Sunday, Iran reported 684 deaths caused by the coronavirus, its highest single-day toll since the start of the outbreak amid the relentless spread of the Delta variant.  The new…

President Ebrahim Raeisi said expansion of relations with Japan is of great importance to Iran, stressing the need to strengthen bilateral cooperation in all sectors, especially economy and…

The foreign ministers of Iran and China exchanged messages on the 50th anniversary of the establishment of diplomatic relations between the two countries, calling for closer cooperation between…

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German Chancellor Angela Merkel has asked Russian President Vladimir Putin for support in rescuing local Afghan forces after the Taliban takeover.

The remarks came during Merkel's trip…

Iran’s commercial exchanges with its leading trade partner, China, stood at $7.89 billion in the first seven months of 2021, registering an 8.8% decline compared with the corresponding period of…

A court in Tehran has ruled that the government officially re-claim ownership of Haft Tappeh Sugarcane Agro-Industry Company. The government sold the giant sugarcane company in 2015 to a…

Foreign currencies continued to gain against the rial during the six-day lockdown in the unofficial market in Tehran as geopolitical risks loom and uncertainty mounts in the region and beyond.…

Loans to deposit ratio stood at 80.2% at the end of first calendar month on April 21, up 1.7 percentage points compared to the same period last year. The ratio, however, was unchanged compared…

The Iran Power Generation, Distribution and Transmission Company (Tavanir) said the ban on cryptocurrency mining imposed by the Ministry of Industries, Mining and Trade will be lifted on Sept 22…

All flights between Iran and Afghanistan have been suspended until further notice, according to the spokesperson of the Civil Aviation Organization of Iran. “Kabul Airport’s flight Control…

Passenger cruise services between the Iranian port city of Khorramshahr and Kuwait have restarted as of Aug. 14, the director general of Khorramshahr Port and Maritime Organization said.

The Islamic Republic of Iran Customs Administration prevented the smuggling of statues filled with heroin to Europe.

A shipment containing 25,000 doses of Russian Covid-19 vaccine, Sputnik V, donated by Serbia arrived at Tehran’s Imam Khomeini International Airport in the early hours of August 21. The…

The Purchasing Managers’ Index for industries during the fourth month of the current fiscal year (June 22-July 22) settled at 43.19 from 54.21 in the preceding month (May 22-June 21), indicating…

Iran exported about 38,000 tons of non-oil goods valued at $66 million to Syria during the first four months of the current Iranian year (March 21-July 21) to register a 36% rise in value but a…

Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, plans to install a new distillation tower and when it is up and running, the company’s annual profits will increase by $50…

Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a…

The drilling operations for four new wells as part of the development project to increase the production of Nargesi Oilfield in southern Iran has been completed. With the pipe-laying process…

The National Iranian Oil Company's gasoline exports to neighboring states in the first four months of the current fiscal year (March 21-July 22) dipped sharply compared with the corresponding…

The world’s largest sovereign wealth fund, Norway’s $1.4 trillion Government Pension Fund Global, should ask the companies it is invested in when it comes to reaching their 2050 net-zero…

Latest developments with the Covid-19 outbreak in Iran prompted government officials to cancel plans for in-person learning at the start of the upcoming school year as the Delta variant…