Iran recorded a non-oil trade surplus of $1.69 billion in the last fiscal year (March 2018-19). The country’s overall non-oil foreign trade during the 12 months stood at $86.92 billion.…
First phase of the first geothermal power plant will be launched in winter, the managing director of Thermal Power Plants Holding Company said at the weekend.
Flash floods during the past three weeks in the west and southwest are taking a toll on oil production in oil-rich Khuzestan Province, the National Iranian Oil Company's deputy managing director…
The global oil market is tightening due to sharp production falls in Saudi Arabia and Venezuela, the International Energy Agency said Friday, but cautioned there are still "mixed signals" over…
Energy Minister Reza Ardakanian said Wednesday 2,000 villages on the outskirts of urban and rural areas will be provided with potable water by the end of the current fiscal (started March 21…
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Iran Fara Bourse main index touched new highs in the financial year that ended on March 20. According to a press release by IFB, the benchmark index IFX gained more than 100% in the previous…
Senior diplomats around the world have voiced disapproval of the United States’ recent decision to label Iran’s Islamic Revolution Guards Corps a terrorist group, warning of its repercussions…
Pakistan’s Prime Minister Imran Khan will soon make a maiden visit to Tehran, which observers see as part of Pakistan’s efforts to maintain a delicate balance in its ties with Iran and Saudi…
French President Emmanuel Macron reiterated that his country and other European parties to Iran’s 2015 nuclear agreement are seriously pursuing the fulfillment of all their obligations under the…
Iran is providing assistance to Syria to help defeat terrorists, but does not aim to establish a permanent military base and dominate the Arab country, the Iranian parliament speaker said.…
The Central Bank of Iran has put in place the infrastructure for launching a new mechanism to distribute essential goods eligible for subsidized currency. The system operates using only national…
Iran stock indexes are approaching historic highs. As of closing of trading on Wednesday, Tehran Stock Exchange's main gauge TEDPIX was up 1.87%. Iran Fara Bourse’s main index IFX had…
Iranian rolling stock manufacturer, Wagon Pars Company, built 290 freight and seven passenger wagons in the last Iranian year (March 2018-19) at a cost of 812 billion rials ($6 million), the…
Trade between Iran and EU member states during the first month of 2019 stood at €343.38 million to register an 82.72% decline compared with last year’s corresponding period. Iran’s trade with…
The goods and services Consumer Price Index in Kurdestan Province saw an increase of 58.3% during the month to March 20 compared with the similar month of last year, the highest among all…
Iranian auto parts makers racked up losses of more than $791 million during the fiscal that ended in March, secretary of Iran Auto Parts Makers Association said. “Local parts makers accumulated…
Following talks between Tehran Municipality and Iran's Cultural Heritage, Handicrafts and Tourism Organization, special sightseeing bus tours will be held on Fridays throughout the year. …
During the last fiscal (ended in March), over 1.7 million vehicles approached the technical inspection centers in Tehran, the Tehran Vehicle Technical Inspection Bureau said. The figure…
The International Monetary Fund has forecast a deepening recession for Iran's economy this year, projecting real GDP growth of -6% in 2019 after a contraction of 3.9% the year before. In its…
The government will no longer grant subsidized foreign currency for the import of red meat, Deputy Agriculture Minister Morteza Rezaei told Fars News Agency.
The second phase of Damavand Petrochemical Plant and the first phase of Bushehr Petrochemical Complex will come on stream by July in Pars Special Economic Energy Zone in Asalouyeh, Bushehr…
Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $…
Kuwait will back an extension of OPEC-led production cuts beyond June if it's clear supply and demand factors warrant it, Haitham al-Ghais, Kuwait Petroleum Corp's manager for market research…
More than 1,500 kilometers of overhead and underground transmission lines and 1,043 power pylons in southwestern Khuzestan Province (except in the provincial capital Ahvaz) were damaged in the…
