The government has unveiled the Seventh Five-Year Development Plan, a roadmap enumerating economic goals and targets for the next five years (March 2023-28). 

Pars Oil and Gas Company was assigned by the National Iranian Oil Company to complete the second phase of a plan to develop the South Pars Gas Field’s oil layer in the Persian Gulf, the managing…

About 1,000 kilometers of water pipelines were laid in Sistan-Baluchestan Province to supply water to the rural areas of southeastern regions in the last Iranian year (March 2022-23), the water…

The steam unit of Khorramabad Combined Cycle Power Plant was launched on Sunday to help boost power supply in Lorestan Province. With a capacity of 160 megawatts, the steam unit has been…

Iran Khodro Company (IKCO) has improved its customer satisfaction score in the financial year 2022-23 (ended March 20), according to the company’s deputy for quality control.

No 2433

Tehran Stock Exchange's main index, TEDPIX, gained 4,720.06 points or 0.21% on Sunday to end at 2,302,705.5 and the TSE’s equal-weighted index moved up barely by 0.41%. About 12.7 billion…

Banks paid some 1,812 trillion rials ($3.48 billion) in loans in the month to April 22 up 12.7% on the year before. The Central Bank of Iran said on its website that individual borrowers…

A bill to enhance the power and influence of the Central Bank if Iran in better managing the foreign exchange market has been sent to the Majlis (parliament) by President Ebrahim Raisi. 

Defense officials of Afghanistan’s Taliban-led administration held a meeting with an Iranian military delegation in Kabul on Saturday, where they discussed ways to enhance bilateral cooperation…

Trade between Iran and Russia fluctuated wildly in the three decades after the Soviet Union collapsed in 1991.  It plummeted by 65% between 2010 and 2015 during the UN sanctions on Iran,…

The new direct flights between Tehran and Dushanbe are scheduled to be operated as of June 8 by Varesh Air, according to Mohammad Taqi Saberi, Iran’s ambassador to Tajikistan.  The flight…

The 13th Iran Stone Exhibition (IRSE2023) is scheduled to be held from May 29 to June 2 at Shahr-e-Aftab Complex (aka Sun City) in southern Tehran, Bahram Shakouri, chairman of the Iran Stone…

World Trade Organization Director-General Ngozi Okonjo-Iweala urged diversification in global supply chains, amid ongoing efforts to progress the body’s reform.

Bottled water exports from Iran earned $10 million in the fiscal 2021-22 (ended March 20), marking a twofold rise compared to the previous year, according to Peyman Forouhar, secretary of…

The Statistical Center of Iran has released a new report on inflation in the first month of the current Iranian year (started March 21). According to the latest data, the annualized inflation…

China’s crude oil imports from Russia rose by 8.6% in April from a year earlier, as larger private refiners also embarked on purchases of the discounted fuel. Arrivals from Russia, including…

The construction of Persian Gulf Mehr Petro-Refinery, with a processing capacity of 120,000 barrels per day, is underway in Hormozgan Province to meet the rising demand for gasoline. Located…

Iran's annual water consumption in agriculture sector tops 90 billion cubic meters, of which a massive 60% go to waste due to unsustainable and wasteful farming practices, the head of…

Operations to develop the Farzad B Gas Field in the Persian Gulf have started, the managing director of the National Iranian Oil Company said. “The first phase of the development plan that…

A knowledge-based company has developed a passenger information system (PIS) that is mainly used in subways to make announcements and broadcast promotional videos, the CEO of Madar Tarah-e Arad…

No 2432

Tehran Stock Exchange's main index, TEDPIX, lost 23,350.32 points or 1.01% on Saturday to end at 2,297,985.45 while the TSE equal-weighted index dipped 0.54%. About 14.53 billion shares worth…

The governor of the Central Bank of Iran, Mohammad Reza Farzin, said the regulator is looking at proposals for launching the "offshore rial" for use in markets in Afghanistan and Iraq.  He…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei underlined good foreign policy and efficient diplomatic establishment as basic principles for successful management of the country…