The Ministry of Agriculture has raised export duty for onion to 180% in an attempt to rein in the rising prices in the domestic market. This is the second time in about a month’s time the…
According to the Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture, the Purchasing Managers' Index for local industries settled at 45.6 in…
Oil prices hiked on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand…
More than 1,000 unauthorized wells in Khorasan Razavi Province have been sealed since the beginning of the current Iranian year (March 2022), the director of Protection and Operation Office of…
Compressed natural gas stations across the country have sustained losses of about $4 million over the last month as the National Iranian Oil Company has restricted natural gas delivery to pumps…
In terms of weight, 98% of the catalysts used in the oil industry are produced by Iranian manufacturers, managing director of Petrochemical Research and Technology Company said.
Iran is interested in maintaining its bilateral ties based on respect and mutual interests with all countries, including Ukraine and Azerbaijan, a senior diplomat said.
European Union’s top diplomat, Josep Borrell, said he has not given up on efforts to rescue the 2015 Iranian nuclear deal. In an interview with the Wall Street Journal, Borrell said, “As far as…
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The Central Insurance company of Iran says it is working on new options to promote and expand life insurance products.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei approved a proposal to grant amnesty to a large number of Iranian prisoners on the occasion of the 44th anniversary of the 1979…
Foreign Minister Hossein Amir-Abdollahian censured the US policy of imposing sanctions against other countries, including the Islamic Republic and several South American countries, saying such a…
Tehran Stock Exchange main index, TEDPIX, lost another 17,054.94 points or 1.10% on Sunday to end at 1,540,189.23 as the battering of share prices continued for yet another week. The TSE equal-…
Iran Fara Bourse (IFB) on Sunday unveiled three new indices to help investors and analysts get a better grasp of the market, the CEO said. "Three new indices, namely price index, equal-…
An estimated 3.65 billion retail transactions were processed by the domestic electronic payment network Shaparak in the tenth month of the calendar year to January 22. Overall business via the…
Crude oil production in Sivand and Esfand offshore oilfields off the Persian Gulf has increased by 20% or 16,000 barrels per day, the managing director of the National Iranian Oil Company said…
The second steam unit of Sabalan Combined Cycle Power Plant in Ardabil Province with a capacity of 160 megawatts was connected to the Iran’s national electricity network on Sunday, deputy for…
Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, signed a $900m contract Saturday with domestic company Iranian Offshore Engineering and Construction Company to…
Immigration of the Iranian students and elite has accelerated significantly as a consequence of economic crises, sanctions, and unfavorable social and welfare conditions over the past decades.…
Heavyweight local companies in the field of minerals and mining industries earned 1,345 trillion rials ($3 billion) in net profit during the first three quarters of the current Iranian year (…
A total of 667,000 tons of finished steel were imported to Iran during the first three quarters of the current Iranian year (March 21-Dec. 21, 2022) to register a 14% year-on-year rise,…
The unemployment rate for those aged between 18 and 35 years stood at 14.8% in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2022), according to the Statistical Center of Iran…
The Consumer Price Index of “transportation”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation rate, saw 11.9% rise in the tenth…
The heads of three branches of power (legislative, executive, judiciary) have recently appointed a team tasked with liquidating state assets. The details of this decision are not sufficiently…
India has allocated ₹100 crore ($12.16 million) for Iran’s Chabahar port in the 2023-24 budget presented on Wednesday, signaling the importance of the facility in regional connectivity efforts,…
