The National Development Fund of Iran (NDFI) has a new strategy that shows its investment in projects over and above $100 million will be in the form of partnership, a fund official said.…

Syrian President Bashar al-Assad called for Iran’s further assistance in promoting lasting peace and security in the Arab country, as well as effective participation in the reconstruction of its…

Shahid Tondgouyan Petrochemical Complex in Khuzestan Province increased its output last Iranian year (March 2022-2023) compared to the previous year. The production of the company reached 1,216…

Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the US economy ahead of an expected Federal Reserve interest rate hike…

In line with plans to revitalize and balance groundwater resources in Semnan Province, 302 wells were equipped with smart meters last Iranian year (March 2022-2023), deputy of protection and…

Although the National Iranian Oil Company has boosted its natural gas and crude processing capacity over the last two years, both oil and gas sectors are in dire need of further…

The car battery market will face supply problems come summer when demand normally increases largely due to problems associated with shortages of raw material and supply chains, the head of the…

The 5th international exhibition of the Export Capabilities of Iran, otherwise known as “Iran Expo 2023: Gate of Export”, is scheduled to be held from May 7 to May 10 at Tehran International…

The government’s bill on taxing frequent housing transactions can be considered the beginning of a new round of measures aimed at managing the housing market. The government hopes to control…

A total of 147,000 tons of goods worth $243.16 million were exported from Iran to Syria in fiscal 2022-23 (ended March 20), registering 10.6% and 11.4% rises in weight and value compared with…

Turkmenistan's President Serdar Berdimuhamedov announced on Wednesday that the country is planning to establish a transport corridor connecting Turkmenistan with Iran, Iraq, and Turkey.

Iran’s trade with Shanghai Cooperation Organization’s member states, excluding crude oil exports from the country, stood at 52.71 million tons worth $40.98 billion in fiscal 2022-23 (ended March…

The imbalance of banks is among the main contributors to inflation in Iran’s economy. This imbalance is mainly formed as a result of the government’s financing methods and sets off the growth…

The exhibition of investment opportunities of the Aras Free Economic Zone was held in Kapan, Armenia, and the event was signaled by a red-ribbon-cutting ceremony. Mayor of Kapan Gevorg Parsyan…

Italy's right-wing government on Monday rolled back anti-poverty subsidies introduced four years ago that helped some four million people last year, as critics denounced a "provocation" on the…

The Central Bank of Iran governor says the bank made available subsidized forex ($1=285,000 rials) worth $3.5 billion for medicine import in the current Iranian year (started March 21).

Tehran Stock Exchange's main index, TEDPIX, gained 37,690.86 points or 1.52% on Tuesday to end at 2,518,331.79.The TSE equal-weighted index climbed 2.48%. About 23.74 billion shares worth 181.7…

Negotiations with Afghan officials to release Iran’s fair share of joint water resources has been a dismal failure and a change of policy and a stronger political leverage is needed to force…

The construction of Golestan Petrochemical Plant in Golestan Province, which has been halted for several years due to financial constraints, will resume soon. The executive operations to build…

The National Iranian Drilling Company has drilled 158 onshore and offshore oil and gas wells across Iran in the past 20 months. The length of the drilling operations reached 132,000 meters in…

Iranian banks held foreign assets worth 24,633.4 trillion rials ($46.8 billion) by the end of the eleventh calendar month to February 19, up by 18.7% from the same time last year.  Central…

The value of checks rejected in the calendar month to March 20 shot up 8.9% on the earlier month to reach 511 trillion rials ($1.24 billion). Volume of bad checks stood at 607,000 – down 1.4%…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei described teachers as the most honorable class of society whose role in helping build the future of the country is not comparable…

A total of 14.34 million tons of livestock feed worth $7 billion were imported to Iran in fiscal 2022-23 (ended March 20), registering a 19% fall in terms of weight, while the value remained…

A total of 521,862 tons of goods worth $198.49 million were exported from Kermanshah Province during the first month of the current fiscal year (March 21-Apr. 20), registering a 5% rise in terms…