The Central Bank of Iran in a report said that the monetary base has increased extraordinarily in the past several months largely due to government borrowing from the CBI.

A proposal by the Central Insurance company of Iran for removing the payout cap on third-party auto insurance loss of expensive cars has been approved by the government and sent to the…

Unemployment rate for university graduates stood at 13.4% in the first quarter of the current Iranian year (March 21-June 21), posting a 0.1% decrease compared with last year’s corresponding…

Iran and 27 members of the European Union traded €1.84 billion worth of goods during the first five months of 2021, to post a 1.07% growth compared with the previous year's corresponding period…

A total of $54 million worth of home appliances were exported from Iran during the first two months of the current fiscal year (March 21-May 21).

A total of 181,175 tons of agricultural and food products worth $53 million have been exported from Astara border terminal since the beginning of the current fiscal year on March 21, according…

Cattle farms in Iran produced 2.2 million tons of milk in the first quarter of the current fiscal year (March 21-June 21), indicating a 10% rise compared with the preceding quarter, the…

OPEC forecast a gradual recovery in demand for its crude this year and next, as the group closes in on a deal to revive the production still shuttered since the pandemic. The need for supplies…

Water stored in Khuzestan Province’s dams has dwindled by a massive 5 billion cubic meters compared to a year ago, the head of Provincial Water and Electricity Company said. “Karkheh and Dez…

Mojen Dam in Shahroud County, Semnan Province, which overflowed two years ago due to good rainfall in the region, is currently about half empty. The dam has a capacity to hold 4.8 million cubic…

Borujen Petrochemical Park will be constructed in Chaharmahal-Bakhtiari Province to develop downstream industries, create employment and boost the southwestern province’s economy. The facility…

Iran’s public transport fleet comprises around 430,000 vehicles, including urban and intercity buses, minibuses and taxis, of which 80% have outlived their usefulness, the National Traffic…

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Forty companies in South Korea that exported to Iran were paid part of their outstanding accounts last month. “We understand there were 40 companies in total who were paid back some outstanding…

The Central Bank Iran will continue to implement monetary policy to control the expanding money supply and harness inflation, the CBI governor said.  Akbar Komijani said the economy is…

Funding in investment funds reached 100 trillion rials ($416 million) in the calendar month ending July 11, said an official with Securities and Exchange Organization.    The inflow…

China and Iran signed a 25-year strategic cooperation agreement on March 27, 2021, which mainly addresses economic issues amid crippling US sanctions on Iran.

A total of 5.3 million lambs and 2.2 million goat kids were born during the first quarter of the current year (March 21-June 21), the Statistical Center of Iran reported. 

President Hassan Rouhani inaugurated via videoconference national projects worth 214.23 trillion rials ($867.32 million) implemented by the Ministry of Roads and Urban Development and the…

Tehran Chamber of Commerce, Industries, Mines and Agriculture says recent power outages have inflicted between 1-5 billion rials ($4,000-20,000) worth of losses on businesses.  Of the 51…

Iranian Tobacco Company will be listed on Tehran Stock Exchange in the near future.  According to Siavash Afzali, managing director of the company, 10% of the shares of the company will be…

A total of 2.9 million tons of rice were produced in Iran during the last fiscal year (March 2020-21), but due to the 40% fall in precipitation, a decline in yields is predicted this year,…

With the support of the Vice Presidential Office for Science and Technology, several tech centers have been inaugurated in Shiraz, the provincial center of Fars. During a visit to the city on…

The average goods and services Consumer Price Index of “tobacco” in the 12-month period ending June 21, which marks the end of the third Iranian month of fiscal 2021-22, increased by 44.7%…

Iran’s unemployment rate, the proportion of jobless population of ages 15 and above, stood at 8.8% in the first quarter of the current Iranian year (March 21-June 21), indicating a 1% decline…