Iran's insurance market logged noteworthy growth in the first 11 months of calendar year (ended Feb 19), with the total insurance premiums reaching 1,546 trillion ($3.09 billion).  The y/y…

Trade between Iran and the Economic Cooperation Organization’s member states reached 26.8 million tons worth $18.08 billion during the last Iranian year’s first 11 months (March 21, 2022-Feb.

The production capacity of domestic sweets and chocolate factories declined to 800,000 tons in the last Iranian year that ended on March 20 from 2.6 million tons in the previous year, says the…

Foreign trade in Iran’s economy requires a strategy to free itself of the cycle of mundane decisions.  Economics teaches us the principle this strategy should be based on, which is…

The country is facing a budget deficit hovering between 2,500 trillion rials ($4.9 billion) and 4,000 trillion rials ($7.88 billion) in the new fiscal year (started March 21), a member of Majlis…

Iran’s 130 thermal power stations generated an estimated 332 billion kilowatt-hours of power in 2022, up 3% compared to a year ago, said a deputy manager at Iran's Thermal Power Plants Holding…

Iran's Compressed Natural Gas Association has proposed a plan to the Oil Ministry to encourage motorists to consume more CNG and postpone gasoline imports, the head of the association said. “…

As precipitations increase in recent weeks, the volume of water inflow in dams of Bushehr Province has raised the capacity of reservoirs by 84%, the deputy of water resources protection at…

A member of the national science committee on Covid urged the public to exercise caution due to the recent surge in Covid cases inside Iran and the emergence of highly transmissible Omicron…

Saudi Arabia and Iran agreed Thursday to reopen diplomatic missions in their respective capitals and in additional cities.  ISNA reported the foreign ministers had reached the agreement in…

President Ebrahim Raisi called for convergence in the Muslim world against the atrocities of the Israeli regime as the occupation forces assaulted defenseless worshippers at al-Aqsa Mosque.

Interbank rates continued to climb last week reaching the highest level in seven years. According to EcoIran Web TV, rates were up 0.1% during the week to April 5 to reach 23.46%. 

Lawmakers have voiced support for the Central Bank of Iran following the latter’s move to implement new restrictions on the allocation of cheaper foreign currency.  The CBI last week…

A total of 550,000 tons of apples worth $170 million were exported from Iran during the first 11 months of the fiscal 2022-23 (March 21, 2022-Feb. 19), according to Daryoush Salempour, an…

A move to restore direct flights between Saudi Arabia and Iran could potentially expand their airlines' networks, stimulate tourism, enable trade flows and support the kingdom's aviation…

Domestic air passenger traffic registered a year-on-year rise of 16% during the last Iranian year’s first 11 months (March 21, 2022-Feb. 19), as 29.38 million passengers were flown internally by…

Reducing the reliance of Iran’s economy on oil revenues and increasing the share of non-oil sector in economic growth have been one of the most frequently discussed subjects among experts.…

A total of 1,428 certificates were issued for domestic nano products and equipment in the fiscal 2022-23 (ended March 20, 2023).

A transport hub for grain exported from Russia is planned to be established in Iran, said Leonid Slutsky, chairman of the RF State Duma Committee for international affairs, in a meeting with…

A total of $3.69 billion worth of goods were traded through Khosravi Border Terminal, located in the western Kermanshah Province, in the last Iranian year (ended March 20), registering a 30%…

A total of $80 million worth of apparel were exported from Iran in the last Iranian year (ended March 20, 2022).  Neighboring countries, particularly Iraq and Afghanistan, in addition to…

The total length of Iran’s railroad network stood at 15,037 kilometers by the end of last Iranian year (ended March 20, 2023), the Ministry of Roads and Urban Development reported. The report…

The National Iranian Drilling Company’s operations witnessed a 65% rise in 2022 compared to a year ago, a deputy manager at the company said.

The construction of the first phase of Persian Gulf Hoveyzeh Gas Refining Company is nearly complete and the facility that aims to collect associated petroleum gases from several oil and gas…

The Energy Ministry has settled $1 billion of its debt to banks, private power plants and the Iranian National Tax Administration over the past 12 months, the ministry's deputy for economic and…