Oil prices will plummet to $40 a barrel unless OPEC and its allies cut output significantly, and the group is unlikely to succeed in reviving the market, a senior Iranian oil official said.
Natural gas to the Iraqi capital Baghdad that had been suspended last week after the magnitude 6.4 earthquake in Kermanshah Province, will resume soon, a spokesman for the National Iranian Gas…
The Foreign Ministry voiced the country’s support for the United Nations-sponsored peace talks between Yemen’s warring parties.
The Foreign Ministry's spokesman said Iran is still “optimistic” about Europe’s efforts to set up a special trade mechanism aimed at sidestepping US sanctions.
The Majlis speaker says reforms to the central bank law proposed by the government to overhaul the dysfunctional banking system has been reviewed in the relevant committees and is awaiting a…
Head of the Security and Exchange Organization Shapour Mohammadi said Monday the capital market issued 45 trillion rials ($384 billion) worth of bonds since the beginning of the current fiscal…
Tehran stocks closed higher for a second straight session on Monday, supported by expectation of improved global trade atmosphere in the wake of the China-US trade truce and hike in…
Iran exported 171,540 tons of apples worth $83.24 million to 24 countries in the first seven months of the current Iranian year (March 21-Oct. 22), showing a 106.13% and 135.54% upsurge in…
Rice imports have resumed in Iran following a letter sent by Deputy Agriculture Minister Ali Akbar Mehrfard to the caretaker of Trade Promotion Organization of Iran Mohammad Reza Modoudi.…
A forum aimed at exploring investment and financing opportunities in Iran's rail sector was held in Tehran on Sunday, which surveyed financial challenges in the area by top rail and capital…
Iran exported $176 million worth of hand-woven carpets during the first seven months of the current Iranian year (March 21-Oct. 22), which shows a 20% fall compared with the similar period of…
Iran recorded a non-oil trade surplus of $1.94 billion in the eight months ending Nov. 21, the latest report by the Islamic Republic of Iran Customs Administration show.
Iran Tire Industry Association has sent a note to the Ministry of Industries and the Consumers and Producers Protection Organization demanding local manufacturers be allowed to raise prices by…
Vehicle emission rules are simply outdated and need to be rewritten, the secretary general of the High Council of Traffic says. Pouria Yazdi told ISNA that vehicle emission standards and…
Informed sources say the ban on auto imports introduced in June by the government will be extended to the next fiscal year that begins in March.
Construction of a 100 kilowatt solar power plant has started in Qom Province, managing director of Qom Water and Wastewater Company said.
A gas unit of the Hormoz Combined Cycle Power Plant in southern Hormozgan Province has been connected to the national grid, said the director of private power plant projects at the Thermal Power…
Despite the promising autumn rain, total precipitation is still 48 millimeters below its long-term average, head of the National Drought Warning and Monitoring Center, a subsidiary of Iran…
Qatar is to leave OPEC next month in order for the Persian Gulf state to focus on gas production, the country’s new Energy Minister Saad al-Kaabi announced in a surprise move on Monday.
Governor of the Central Bank of Iran has sent a directive to banks and credit institutions asking them to come up with a plan to improve their capital adequacy ratio. Abdolnasser Hemmati…
Average liquidity growth dropped from 26.7% during 1988 to 2012 to 23.7 % between 2014-2018, said the deputy governor of the Central Bank of Iran.
The first round of algorithmic trade competitions in the capital market will soon be held by the Security and Exchange Organization. Yasser Fallah, managing director of the SEO…
Unlike in Tehran, home sales in other Iranian provincial capitals have been up 3% in the eighth month of the current Iranian year, Aban (Oct. 23-Nov. 21), compared with the same month of the…
Tehran stocks jumped higher Sunday and recouped the previous day's losses as global trade prospects appeared to improve putting most major indexes on track for further gains. Stocks have…
The traditional grape cultivation in Malayer County’s Jowzan Valley rural district, Hamedan Province, was formally recognized as a Globally Important Agricultural Heritage System on Friday. The…
