The Central Bank of Iran is strongly opposed to the policy of printing money to plug budget holes, Abdolnasser Hemmati, the CBI boss, said. He said the government is stepping up efforts to find…
CEO of the Special Trade and Finance Institute, the newly created trade mechanism to reciprocate with the European Instrument in Support of Trade Exchange (INSTEX), says now it is up to Europe…
After US President Donald Trump publicly appealed to Iran to call him amid heightened tensions with Tehran, the White House contacted the Swiss on Thursday to share a phone number the Iranians…
It would be too optimistic to expect Europe to take an extraordinary measure to protect Iran against the United States' sanctions within the 60-day deadline set by Tehran, an analyst said.…
The Japanese government hopes to mediate between the United States and Iran to rescue the landmark 2015 international nuclear deal, officials said.
The European Union should not underestimate Iran's determination to gradually reduce its commitments under the 2015 nuclear deal a year after the United States' pullout and other parties'…
European Council President Donald Tusk said he sees the chances of Britain staying in the European Union after all at 20-30%, as Britons had begun a genuine debate whether to leave or to remain…
The parliament has rejected a proposal by the Energy Ministry to raise water and electricity tariffs, saying it is “against the law” as it will pile economic pressure on the people in the…
Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude, contributing to a rise in global oil prices and leaving refiners in…
Oil refiners across Asia are bidding up crude prices from Abu Dhabi to Oman as they compete for supplies to make up for lost Iranian and Venezuelan exports. July-loading cargoes of grades such…
Mapna Group has converted 27 gas power stations into combined-cycle plants and work to convert more is underway, the company's CEO said.
The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan Province is almost finalized, managing director of the Petroleum…
Machine-made carpets account for half of Iran's textile exports, says Alireza Haeri, a board member of Iran Textile Specialists Association. The official noted that Iran exports $700 million…
Iran’s underground economy, according to latest data disclosed by the Ministry of Economic Affairs and Finance, was worth 5,360 trillion rials ($34.35 billion) in the year ending March 20, 2018…
Imam Khomeini Airport’s Salam Terminal is ready for inauguration, managing director of Imam Khomeini Airport City Company Ali Rostami said after a visit to the new terminal on Saturday.
Iran traded 256,551 tons of non-oil commodities worth $141 million with Sri Lanka in the last fiscal year (ended March 20, 2019) to register a 53.58% growth in tonnage and 8.22% decline in value…
Iran traded 180,429 tons of non-oil commodities worth $192.82 million with Balkan countries in the last Iranian year (ended March 20, 2019) to register a 21.03% and 14.58% increase in tonnage…
A blaze at the historic Tabriz Bazaar, northwest Iran, on Thursday is estimated to have caused losses worth 200 billion rials ($1.28 million) to the centuries-old site.
A report by Tehran Chamber of Commerce, Industries, Mine and Agriculture shows the foreign exchange market recorded the highest return in the previous fiscal (March 2018-19) compared …
Following weeks of upheaval in Iran’s auto market when prices hiked hourly, the judiciary-affiliated General Inspection Organization of Iran has started an investigation into the sector.
An under-construction subway line in Alborz Province, west of Tehran, will reach the province's western flank at Hashtgerd New Town in a few months, a deputy roads minister said.
The latest data of Iranian automotive companies show their output plummeted to new lows in the first month of the current Iranian year (started March 21). Industries Ministry’s data show that…
It is widely believed that the new round of sanctions imposed by the administration of US President Donald Trump on Iran's industrial metals will have little impact in practice.
The policy of granting costly subsidies to help improve the quality of life of the people have apparently failed, and experts say the rich have benefitted much more than those at the middle and…
Banks divested over 120 trillion rials ($800 million) in surplus holdings in the last fiscal (March 2018-19), the deputy economy minister for banking, insurance and state-owned companies said.…
