Russian President Vladimir Putin has made the opening of a north-south trade route between the Russian Federation and the Indian Ocean via Iran a priority for more than a decade. 

Goldman Sachs, an American multinational investment bank and financial services company, says crude oil production cuts by OPEC could result in a significantly larger deficit in the market,…

Iran and Saudi Arabia will soon establish a joint chamber of commerce, says a member of Iran Chamber of Commerce’s Board of Directors, Keyvan Kashefi.

Iran’s rail freight fleet recorded the loading of 37.13 million tons of goods during the first 10 months of last Iranian year (March 21, 2022-Jan. 20), according to the Islamic Republic of Iran…

Around $3 million worth of handicrafts were exported from Hormozgan Province in the last Iranian year (ended March 20, 2023), according to a local official. “There are over 80,000 artisans in…

A total of 194,684 tons of poultry meat were produced in Iran’s official slaughterhouses during the 11th month of the current Iranian year (Jan. 21-Feb. 19), registering a 1% decline compared…

Gasoline consumption in Iran increased by over 5% during the Norouz (Iranian New Year) holiday season (March 21-April 2) compared with the same period of last year.

Natural gas consumption reached 242 billion cubic meters in the fiscal 2022-23, up 3 bcm compared to that of the previous year, the head of the National Iranian Gas Company…

The 12-month activity report of Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, indicates an 85% increase in the company's income during last Iranian year (March 2022-23)…

Tehran is ready to play a “constructive role” in promoting reconciliation talks between Turkey and Syria, a senior aide on political affairs to Iran’s foreign minister said.

The speeds of mobile and fixed wireless internet have declined in February 2023 compared to the previous month, according to the Speedtest web service’s latest survey on global internet speed.…

The Tehran-Riyadh detente deal could be a major win for not only the Middle East but also larger projects seeking more integration of greater Eurasia.  

Red meat production in Iran's official slaughterhouses stood at 38,974 tons during the 11th month of last Iranian year (Jan. 21-Feb. 19) to register a 24% decrease compared to the previous month…

Indian rice exporters have decided to ship basmati rice to Iran only against a letter of credit (LC), or cash due to non-payment of dues amounting to Rs700 crore amid a currency crisis in the…

Iran's imports from Kazakhstan increased by 51.6% in value and 20.6% in volume, during the first 11 months of the last Iranian year (March 21, 2022-Feb. 19, 2023), compared with the same period…

Gift card market in 2022 was driven by a wide range of factors that supported growth across retail and corporate segments.  The primary factors included growth of e-commerce, increased…

More than 800,000 Afghans returned from Iran over the last year, Afghanistan’s Ministry of Refugees and Repatriation announced. About 400,000 of these immigrants were deported by Iran,…

The government sold 448.7 trillion rials ($879.8 million) bonds in the 43rd weekly auction -- the highest in the last fiscal year that ended on March 20.  Bond auctions are held by the…

The Central Bank of Iran said moneychangers and banks can henceforth sell currency only up to €2,000 to each Iranian in one year, lowering the cap from €5,000. Last month the CBI said selected…

Tehran Stock Exchange's main index, TEDPIX, gained 11,239.59 points or 0.54% on Monday to end at 2,089,951.31 and the TSE equal-weighted index climbed 1.32%. About 18.84 billion shares worth…

Minimum wages will increase by 27% in the new Iranian year that started on March 21. The decision was made at a meeting of the Supreme Labor Council in the final days of last Iranian year.

Chinese travelers are raring to go abroad again, but the destinations they choose may be a little different from the pre-pandemic era.  Iran has become a "black horse" destination for…

The National Iranian Oil Company produced more crude oil in February than in the previous month, the latest monthly report by the International Energy Agency announced. The report shows Iran’s…

Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production rattled markets. Brent crude was trading at $83.89 a…

The plan to export gas to Oman will be implemented during the current Iranian year (started March 21) by constructing both onshore and offshore pipelines, managing director of Iranian Gas…