The World Bank has downgraded Iran's economic growth estimates and forecasts in a new report. The report entitled "Reforms and External Imbalances: The Labor-Productivity Connection in MENA (…
After Texas pushed the United States over the last decade to become the world’s biggest oil producer last year, the heart of the shale revolution is starting to show fatigue.
Flooding during the past three weeks in the west and southwest of the country has not disrupted crude oil production in joint oilfields with Iraq, managing director of Petroleum Engineering and…
Weeks after Norway’s government proposed that the country’s $1-trillion fund divest from pure exploration and production oil companies, the cabinet said that it will allow the world’s biggest…
Iraq will continue to import gas and electricity from Iran until power plants and gas fields in the country become self-reliance, the Iraqi Minister of Electricity Louay al-Khateeb said at the…
Gasoline consumption between March 20 and April 5 -- marking the Norouz (Persian New Year) holiday season -- hit a new record at 1.85 billion liters, showing a 1.9% rise compared to the same…
Tehran Metro Line 6 opened partially on Sunday in the presence of President Hassan Rouhani and Mayor Pirouz Hanachi.
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Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said the US presence in the Middle East is harmful to the interests of the people in the region, so the Iraqi government needs to…
Data from Iran Fara Bourse, the country's junior stock exchange, indicates that its main index, IFX, posted a 100% returns on investment in the last fiscal that ended on March 20.
As part of the process of merging five banks and credit institutions affiliated to the armed forces with Bank Sepah, the shares of the lenders are sold on Sunday. The share offer…
After recording an 86% return on investment during the previous financial year (ended March 20) for its main index TEDPIX, the Tehran Stock Exchange continues to grow in the Persian New Year.…
Iraqi Prime Minister Adel Abdul Mahdi and Iranian President Hassan Rouhani showed strong determination to implement the joint projects agreed by the two countries during recent mutual visits…
Majlis Speaker Ali Larijani arrived in Qatar on Saturday to participate in a meeting of the Inter-Parliamentary Union. Speaking to reporters before leaving Tehran for Doha, Larijani said the…
The port deal signed recently between Oman and the United States is more aimed at limiting China’s influence in the Middle East, say two political analysts who believe that the new development…
Iran Airports Company registered 34,178 takeoffs and landings during the 11th month of the last Iranian year (Jan. 21-Feb. 19, 2019), which shows a 13% decline compared with the similar period…
Iran traded 62.28 million tons of non-oil commodities worth $32.41 billion with 15 neighboring countries, namely Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan,…
Tehran Metro Line 6 is to be partially launched on Sunday. Ali Emam, CEO of Tehran Metro Group told reporters, “Nine kilometers of Line 6 with 3 stations will be launched on Sunday in the…
Tehran residents had some relief with clean air and blue skies in March compared to the same month last year, data from Tehran Air Quality Control Company shows. Charts published on TAQCC…
Iranian steel mills produced a total of 4.24 million tons of crude steel during the first two months of 2019, up 7.6% compared with the corresponding period of 2018, the latest report released…
As per the Supreme Labor Council's decision about rise in wages for the new Iranian year that began on March 21, minimum wage workers, those who received 11.11 million rials (about $82) last…
Rainfall in the past two weeks recharged 40 wetlands, the energy minister said at the weekend. “After a decade plus of drought, Iranian wetlands have seen large amount of water inflow thanks to…
The US is overwhelmingly likely to fail in its attempt to completely halt Iran's oil exports, analysts told CNBC, with President Donald Trump eager to avoid rising gasoline prices ahead of…
The oil market has all but forgotten last year’s price crash. Money managers have not been this optimistic about US oil prices since early October, just before the crude market began a steep…
Oil Minister Bijan Namdar Zanganeh said on Saturday negotiations are underway with an Indian consortium led by ONGC Videsh Ltd, the foreign investment arm of India’s Oil and Natural Gas Corp. to…
