Thirty-five projects, worth of $1 billion were launched in East Azarbaijan Province Thursday. Power production capacity has reached 81,700 megawatts from 62,000 MW six years ago, President…
To complete development project in Phase 13 of South Pars Gas Field, loading operations for the field's tripod for flare stack 'A' to be transferred and installed in the Persian Gulf were…
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A steel production catalyst manufactured by Sarv Oil and Gas Company — the first producer of high performance catalysts in Iran — was loaded with the 10th and 11th steel reformers. The company’…
The government on Wednesday approved a central bank proposal based on which four zeros will be shaved off and the national currency rial and the change from official rial to the popularly used…
The Central Insurance company of Iran (CII) has announced data on risk retention and reinsurance capacity for insurance companies based on their last financial report. According to CII…
Iranian and French presidents in a phone call on Tuesday agreed to work in the coming weeks on preserving all components of the 2015 nuclear deal.
Europe should not let the United States hamper its efforts to protect trade with Iran through INSTEX, Foreign Minister Mohammad Javad Zarif said on Wednesday, reiterating Tehran's demand that…
Iran should welcome détente with regional countries, including Saudi Arabia and the UAE, because such an attitude would give the country the upper hand amid tensions with the United States, a…
With more than 5.1 million tons of production, Iran ranks 13th among the world’s biggest producer of potatoes, Deputy Agriculture Minister Hossein Shirzad says, citing the 2019 data of the Food…
Ilam Province’s goods and services Consumer Price Index registered an increase of 60.8% during the fourth Iranian month (June 22-July 22) compared with the similar month of last year, the…
A sharp recovery in oil product margins over July may lead Saudi Aramco and Iraq's SOMO to tone down the extent of price cuts on crude oil headed to Asia in September, a survey of market…
India imported in June the highest volume of Venezuelan crude in 21 months, more than double the amount from May and more than 50% higher than in June 2018, Reuters reported on Monday, citing…
The Ministry of Roads and Urban Development has started the process of establishing Transportation Development Fund with an initial capital of 190 trillion rials ($1.5 billion) to finance…
Iranian steelmakers produced 11 million tons of steel products during the first quarter of the current Iranian year (March 20-June 21) to register a 9.7% year-on-year increase, the Iranian Steel…
The general price index of construction materials for residential units in Tehran rose 62.2% in the first quarter of the current Iranian year that ended on June 21 compared with last year's…
Power wastage in the national electricity grid declined from 15.2% to 11.1% between 2013 and 2018. Nonetheless, Iran is still among countries in which massive amounts of power is wasted.
An estimated 1,260 villages in Sistan-Baluchistan Province lack piped water, director of the provincial regional water company said. “Close to 251,000 rural people are being supplied with safe…
A new small-scale power plant with distributed generation system has joined the national grid in Abarkouh County, Yazd Province on Wednesday, managing director of the provincial electricity…
Bernd Erbel, 72, a German diplomat and a former head of his country’s mission in Iran (Oct. 2009-2013) has been appointed as the new president of Iran-EU trade mechanism, known officially…
Approximately $27.5 billion was repatriated by non-oil exporters to the secondary currency market known locally as Nima (Integrated Forex Deals System) since the fifth month of last calendar…
A deputy governor of the Central Bank of Iran met the Australian ambassador to Iran, Ian Biggs, on Tuesday to discuss monetary and banking issues. The two sides agreed to expand banking…
Securities and Exchange Organization of Iran and the Iraqi Securities Commission signed a memorandum of understanding to create a joint investment fund. The fund will be based on master-…
Iranian lawmakers have passed the bill to allow Iran to join the Agreement on the International Carriage of Perishable Foodstuffs and on the Special Equipment to be used for such Carriage, also…
A joint trade forum between the businesspeople of Iran and Cuba is scheduled to be held in Tehran on Aug. 10, which marks the 40th anniversary of the start of diplomatic relations between Iran…
