Adopting a floating pricing mechanism for feedstock delivered to the petrochemical sector is necessary to help sustain production and guarantee long-term profit, the head of Masjed Soleyman…
Tehran’s share market wrapped up the week on Wednesday up almost 2.24%. Tehran Stock Exchange main index, TEDPIX, gained nearly 37,000 points or 2.24% in the week to end at 1,689,144.1.…
The governor of the Central Bank of Iran reiterated that increasing interest rates is a compulsion. Addressing senior bankers, Mohammad Reza Farzin asked banks to follow rules on the cap on…
A total of 35.54 million tons of minerals and mining industry products worth $9.09 billion were exported from Iran during the first nine months of the current Iranian year (March 21-Dec.
Iran and Russia have reached an agreement for the construction of the Rasht-Astara railroad project. Iran’s Deputy Transport and Urban Development Minister for Transportation Affairs …
Iran and the Eurasian Economic Union have signed a memorandum on free trade at a ceremony held in Tehran on Jan. 19. The document was signed by the head of Iran's Trade Promotion Organization,…
EU foreign policy chief Josep Borrell said on Tuesday that the European Union should keep the lines of communication with Iran open despite recently adopting a new set of sanctions against the…
German Defense Minister Christine Lambrecht resigned on Monday after a series of mistakes made her position in Chancellor Olaf Scholz’s government untenable.
“I have today asked the…
Despite freezing temperatures and heavy snowfalls in different parts of Iran, which have led to a record high gas consumption, the gas grid is stable throughout the country, although a slight…
Sari Guni gold mine is Iran’s biggest producer of the precious metal with proven reserves of 41 million tons of 24.1-carat gold and an annual output of 5 tons, according to a local official in…
Trade between Iran and the Economic Cooperation Organization’s member states reached 16.71 million tons worth $12.8 billion during the current Iranian year’s first nine months (March 21-Dec.
A total of 10.4 million tons of foreign goods were transited through Iran from the beginning of the current Iranian year on March 21 to Dec. 21, according to Mohammad Rezvanifar, director…
A total of 1,800 units of different kinds of agricultural, construction and mining machinery were produced during the first nine months of the current Iranian year (March 21-Dec. 21), according…
The loan to deposit ratio (LDR) declined for nine months to December 22 by 82.4%, which was 0.3 percentage points lower than the beginning of the fiscal year last March at 83%, the Central Bank…
Trade at the Iran Mercantile Exchange (IME) is expected to exceed 10,000 trillion rials ($24.63 billion) by the end of the current fiscal year in March, Hamed Soltani Nejad, the IME head said.…
The Energy Ministry has approved the transfer of 50 million cubic meters of water from the Shahriar Dam in Mianeh County, East Azarbaijan Province, to Ardabil Province, the representative of…
Banks and credit institutions are mandated to allocate up to 2,000 trillion rials ($4.92 billion) in interest-free lending for government programs including loans to newlyweds, for childbirth…
A special taskforce to integrate efforts for regulating cryptocurrencies has been set up by the government. The National Taskforce of Cryptocurrencies held its first meeting in Tehran…
The government is projecting the sales of crude oil and its derivatives to earn 6,030 trillion rials ($14.75 billion) in the budget bill for the upcoming Iranian year (March 2023-24).
In today’s economy, the so-called “waiting period for owning a home” index has gradually become an important, thought-provoking indicator. One of the key duties of governments is to shorten this…
As long as the Financial Action Task Force, the global anti-money laundering watchdog, does not remove Iran from its blacklist, the country cannot have a say in the global oil and gas markets,…
The National Iranian Gas Company has restricted compressed natural gas delivery to pumps across the nation, especially in northern provinces namely North Khorasan, Golestan, South Khorasan,…
