Deputy Health Minister Saeed Karimi stated that all medical facilities have been placed on alert in spite of optimistic estimates that the new wave of the Covid will be milder than previous ones…

Refining companies should be obliged to enhance the quality of their substandard products, namely gasoline, diesel and mazut, the head of the Board of Directors at the Iranian Oil, Gas and…

Several unfinished petroleum projects worth $8 billion are scheduled to be completed by the end of the current Iranian year (March 20, 2023), the 0il minister said.

Replacing old simple-cycle power stations with combined-cycle facilities will double the units’ efficiency by at least 25%, director for technical support at the Thermal Power Plants Holding…

Low-quality and overcharging are the main customer complaints about domestic auto spare parts, according to a member of the Board of Directors of Tehran Automobile Spare Parts and Machinery…

A surge in the cost of most food commodities last year, as the disruption caused by Russia's invasion of Ukraine raised concerns of shortages, sent the UN food agency's average price index to…

Iran’s sovereign wealth fund, known as the National Development Fund of Iran (NDFI), is worth more than $147 billion, a deputy head of the fund said. Since inception in 2011 the fund “$122…

The governor of the Central Bank of Iran Mohammad Reza Farzin held talks in Qatar on Thursday in the framework of plans to promote banking ties with the Persian Gulf Arab states. 

Banks' Coordination Council and the Association of Private Banks and Credit Institutions issued a joint statement on Thursday stating that they will abide by the Central Bank of Iran's rules on…

Banks were the only buyers of government bonds in the last weekly auction held on Wednesday. Auctions are held by the Central Bank of Iran on behalf of the Economy Ministry to raise funds for…

The Ministry of Industries, Mining and Trade has announced plans to invest $15 billion over the next five years for boosting its copper production.  Iran aims to raise the production of…

The Islamic Republic of Iran Shipping Lines has ordered a new cargo vessel from Russia to operate from Russia’s Caspian Sea port of Solyanka.  This will help develop cargo trade between…

Iran is planning to accept more female students from Afghanistan at the University of Tehran. IRNA reported that Iran has increased the University of Tehran’s budget for scholarships to Afghan…

The Agriculture Ministry has raised customs duty on onion export from 50% to 100% to lower prices in the domestic market. The measure comes as onion registered the highest month-on-month price…

South Korea's Trade Minister Ahn Duk-geun met with Iran's top envoy to Seoul on Thursday for talks on ways of boosting trade of humanitarian items and the overall economic ties, Ahn's office…

Local businesses and producers continue to suffer from fluctuations in foreign exchange rates against the rial as well as a decline in the purchasing power of customers and shortage of raw…

Oil prices rose as much as $1 on Friday, extending gains from the previous session, supported by hopes of a China demand boost and after data showed lower US fuel inventories following a winter…

The separation of drinking water pipes from treated non-potable ones is not economically viable in large cities like Tehran, the head of the state-owned Tehran Province Water and Wastewater…

The methanol production cost in Marjan Petrochemical Plant has declined by about $625,000 per month by renovating the current burners of furnaces and installing new burners at the methanol…

The executive operation of the project to transfer water from the Aras River to urban and industrial regions in northwest Iran has started on Wednesday. The project started with pipe-laying in…

Iran and Saudi Arabia are ready to follow up Iraqi-mediated negotiations on restoring bilateral diplomatic relations, a senior Cabinet member said. 

The number of products and equipment based on nanotechnology in Iran has increased sixfold in a nine-year period, according to the latest data released by the Nanotechnology Development…

The National Development Fund of Iran bought 20 trillion rials ($49.8 million) in shares since the beginning of the current fiscal year last March, head of NDFI Domestic Investment Affairs said…

The Central Bank of Iran on Wednesday warned banks and credit institutions to uphold the newly-set interest rates on deposits or face prosecution.  In a notice seen on the CBI website, the…

Tehran Stock Exchange's main index, TEDPIX, lost 12,239.10 points or 0.77% on Wednesday to end at 1,579,114.59. The TSE equal-weighted index lost 0.47%. About 14.6 billion shares worth 80.96…