The steam unit of Kashan combined-cycle power plant in Isfahan Province came on stream Sunday. With a capacity to produce 160 megawatts, the steam unit was built in three years and the plant is…
Notwithstanding mounting US pressure to disrupt Iran’s oil export, Tehran will continue selling natural gas and liquefied petroleum gas to foreign markets, the newly elected head of National…
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Iranian officials have criticized the US decision to jointly host an international conference in Poland to build pressure on Tehran, dismissing it as a “desperate” attempt.
The Plan and Budget Organization has released an analytical report on the performance of banks in fiscal 2017-18. It gives poor marks to the banks’ overall performance in comparison to their…
Foreign exchange rates surged in the Tehran market on Saturday, prompting the Central Bank of Iran to release a statement to reassure the public that it has a grip on the market. "…
Germany’s foreign minister said he is hopeful Europe in the coming weeks will be able to finalize its long-promised payment channel for conducting trade with Iran.
Iran will push aside European companies and further deepen its ties with China and Russia if the bloc fails to open up its special payment channel in time to sustain trade with Iran in the face…
Foreign Minister Mohammed Javad Zarif is to leave Tehran for Iraq on Sunday as part of a regional tour to boost the country’s international relations. He will head a high-level political and…
The world's need for water will be 20% over and above current consumption levels by 2050, said the Energy Minister. Speaking in Tehran at the weekend, Reza Ardakanian said, “Given the…
The sixth solar power plant in Hamedan Province has been synchronized with the national power grid.
Petrochemical export revenue in the first nine months of the current fiscal ending in March reached $9 billion, the National Petrochemical Company said on Saturday. The revenue is…
Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day by the end of 2019 and to 450,000 bpd by the end of 2021 from a current 240,000 bpd, the director of…
Iran has 157 four- and five-star hotels and by the end of President Hassan Rouhani’s second term in 2021, the figure will increase to 210.
Iran produced 41 million tons of cement during the nine months to Dec. 21, of which 4.8 million tons were exported. According to Iran Cement Association Secretary Abdolreza Sheikhan, each…
How can Iran’s economy make big inroads into sports industry when 70% of people are merely speculators and give physical activity a wide berth? This was a question participants of a meeting…
Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard…
Over the past several months the tire industry's profit margin has shrunk significantly thanks to the rising prices and shortages of raw materials amid hard economic times. Given the…
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The Central Bank of Iran has sent a directive to banks and credit institutions obliging agent banks to accept Islamic bonds as collateral from contractors of development projects. …
Blockchain technology is set to decentralize mechanisms governing the world’s financial systems and the Central Bank of Iran has focused efforts on studying ways to benefit from that technology…
The research arm of the Majlis in a new assessment of next year's proposed budget, says government revenues predicted for fiscal 2019-20 are unlikely to materialize.
Defense Minister Amir Hatami attended the inauguration ceremony of Venezuelan President Nicolas Maduro, which was held outside the Supreme Court building in Caracas on Thursday.
President Hassan Rouhani said on Thursday that the Iranian government will continue on the path set by the late influential statesman Ayatollah Akbar Hashemi Rafsanjani who helped enhance the…
India and Russia reiterated common approaches toward global and regional problems, including the implementation of the 2015 nuclear deal between Iran and six world powers. This was…
