Load on the national power load is expected to increase by 5% in the current fiscal that started in March, a deputy managing director of Iran Power Generation, Distribution and Transmission…
Iran’s oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by US sanctions on…
The plan to ration gasoline and increase fuel price has been suspended for now, spokesman for the Majlis Presiding Board told reporters on Sunday. “The matter will be discussed at a joint…
China’s natural gas consumption grew steadily in the first quarter of the current year amid the country’s fight against air pollution.
No 1309
Since the beginning of the current fiscal (March 21) over 2.2 billion has been sold via the Integrated Forex Deal System, locally known as Nima, the Central Bank of Iran reported. Nima is…
The share of life insurance in the overall portfolio of the Iranian insurance industry is meager which has reduced the overall penetration rate of insurance cover in the country of 80 million…
With car prices hiking north of 30% over the past three weeks in Iran, local media and officialdom have rushed in to lay the blame at the feet of auto dealers and online marketplaces. Since…
Tap30, the second most popular ride-hailing app in Iran, is planning to connect its security system directly to the police for improving the safety of passengers. The plan was discussed when a…
Data released by the Iranian Legal Medicine Organization present a worrisome picture of road fatalities. Over 17,000 people lost their lives in road mishaps in the last fiscal year (ended…
President Hassan Rouhani said Iran will work hard to maintain its oil sales and increase its non-oil exports to cushion the impact of harsh US sanctions. “America is making every…
The United States on Friday renewed several sanctions waivers that allow Russia, China and European states to engage in civilian nuclear cooperation with Iran, but revoked the other two as it…
In a decree on Saturday, Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei appointed Hojjatoleslam Abdolfattah Navvab as his new representative for hajj and pilgrimage affairs. …
Iran's new ambassador to the United Nations says he will strengthen the country's status in debates over international issues, laws and policies, and fight unilateralism that poses a threat to…
A total of $1.28 billion worth of commodities were imported into Iran's free trade zones in the last fiscal year (ended March 20, 2019) to register a 36.4% decline compared to the year before.…
Exports of finished steel products surged 84% YOY to reach 2.98 million tons in the last fiscal year (ended March 20, 2019). Rebar was the main exported finished product with 1.65 million…
The average Producer Price Index for the mining sector in the last fiscal year (ended March 20, 2019) increased by 50.9% compared with the year before to reach 349.9 (using 2011 as the base year…
There seems to be no end in sight to the huge and sudden rise in paper prices, as well as many other goods for that matter. Publishers have seen an astonishing 340% increase in the price…
The Industrial Development and Renovation Organization of Iran has signed a memorandum of understanding with the most experienced German company in organizing trade fairs, IMAG.
Iran traded 686,597 tons of non-oil commodities worth $600 million with Taiwan in the last fiscal year that ended on March 20, 2019, to register a 53.27% and 45.91 decline in tonnage and value…
The National Iranian Oil Company and Iraqi oil officials explored ways to boost cooperation in Tehran on Friday.
The United States' decision to end waivers that allowed a handful of countries to buy oil from Iran is more likely to have geopolitical implications than to affect Italy's energy supply,…
Many say that in the current economic conditions resuming the gasoline rationing system to better manage (curb) fuel consumption is inevitable, but may not help much in preventing smuggling.…
Despite the new US sanctions and bullying, and concerns expressed by Dutch banks, Dutch companies are still cooperating with Iran’s oil industry, said the head of the Dutch pavilion at the 24th…
No 1308
