Petrochemical plants’ foreign exchange revenues have reduced and they are losing market share to rivals because their access to natural gas as feedstock has either been totally cut or severely…

The construction of 4,000 solar systems, each with a capacity of 5 kilowatts, for supporting organizations supplying power to households will start in Yazd Province at the weekend, the spokesman…

With the completion of restoration operations on a well in the Nar Gas Field, the production capacity of the field has increased by 10% or 300,000 cubic meters per day, Hassan Nematollahi, the…

Oil prices fell on Wednesday as an unexpected build in crude and fuel inventories in the United States, the world's biggest oil consumer, and economic uncertainty reignited demand worries. US…

The average residential rent in Iran’s urban areas has increased by 46.4% in the ninth month of the current Iranian year (Nov. 22-Dec. 21) compared with the similar month of the year before,…

Exports from East Azarbaijan Province accounted for 40% of Iran’s total exports to Armenia during the first nine months of the current Iranian year (March 21-Dec. 21), according to Saber Parnian…

In a new report, the World Bank has forecast Iran’s economic growth to slow down in the years to come.

German exports to Iran climbed 12.7% year-on-year from January to November 2022 to around €1.5 billion ($1.6 billion), data from the federal statistical office showed. That exceeded the full-…

Despite recent reports in the local media, banks have denied a halt in loans due to the reported rise in interest rates.  Alireza Qeitasi, secretary of the State Banks Coordination Council…

President Ebrahim Raisi submitted the budget bill of the upcoming fiscal year (March 2023-24) to the parliament on Jan. 11. The submission was about one month late as it is due on the 15th of…

Peru's national prosecutor's office has begun investigating President Dina Boluarte for genocide, it said, after protests against her which have left 40 people dead in the past month.

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The Social Security Organization (SSO) paid 880 trillion rials ($2.1 billion) in outstanding debts to banks as instructed by President Ibrahim Raisi, Solat Mortazavi the Minister of Labor,…

Banks and credit institutions gave 1,390 trillion rials ($3.42 billion) in loans to encourage youth marriage and childbirth since the beginning of the calendar year last March The Central Bank…

Tehran Stock Exchange's main index, TEDPIX, gained 21,282.96 points or 1.29% on Tuesday to end at 1,668,188.25. The TSE equal-weighted index climbed 1.46%. About 18.5 billion shares worth 113.4…

Command pricing of air transportation services has led to the gradual grounding of Iranian air fleet. The continuation of this policy does not allow the existing planes to be replaced and denies…

A total of 29,000 tons of aquatic feed worth $21 million were exported from Iran during the first nine months of the current Iranian year (March 21-Dec. 21), according to Majid Jafari, CEO of…

A total of 824,000 tons of goods were exported from Mazandaran Province during the first nine months of the current Iranian year (March 21-Dec. 21), registering a 5% rise compared with the…

Cotton harvest has begun in Iran and so far, 100,000 hectares, that is around 88% of plantations, have been reaped.  Cotton boll production is estimated to reach 300,000 tons this year to…

Iran’s domestic demand for sugar is 1.9-2.1 million tons annually, of which 1.6 million tons are produced locally, according to Hamidreza Fallah, a local government official in Khuzestan…

Insurers generated 1,268 trillion rials ($3.12 billion) in premium in the first nine months of the current fiscal year (ends March) -- up 58.4% on the same period last year.  Medical…

The administration of US President Joe Biden considers its predecessor’s withdrawal from the 2015 nuclear deal one of the greatest strategic blunders of the American foreign policy in recent…

In response to circulation of rumors surrounding the closure of schools and universities to prevent the spread of the coronavirus, the Health Ministry on Tuesday in a statement denied any plans…

Iran’s trade with India reached $2.29 billion from the beginning of 2022 to the end of November, latest data released by India’s Ministry of Commerce and Industry show.

“Education”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 30.9% during the ninth month of the current Iranian…

Water shortage in Iran has reached a critical level and replacing old strategies with workable methods like integrated water resources management [IWRM], especially in the agro sector, is now a…