The National Iranian Drilling Company has drilled 88 onshore and offshore wells over the last seven months, the company’s deputy managing director said. "By employing 70 offshore and onshore…
Increasing gasoline prices would be subject to amending the 2018-19 budget law and the government so far does not intend to propose any such changes, says a lawmaker.
China will lead global refinery capacity expansion and investments with 3.12 million barrels per day additional refining capacity and $67.3 billion capital expenditure through 2022, data and…
Although the European Union has vowed to create a special purpose vehicle to continue trade with Iran after the US sanctions on Tehran’s oil return next week, the bloc is struggling with the set…
Hyundai Engineering & Construction Company announced on Monday that it has scrapped a $520 million deal with Iran's Ahdaf Investment Company to build the second phase of Kangan Petro…
More than 27% of mobile applications published on the Iranian Android market Cafe Bazaar have been developed in Tehran Province. The province has a 54% share in the domestic Android industry’s…
Iran-made multi-player first-person shooter game Zula is gradually gaining traction with foreign video game enthusiasts. As part of efforts to promote the game, Zula’s developer company has been…
To gain a competitive edge in the saturated startup market, two new online firms have been launched offering a wide range of services from housekeeping to cleaning and repairs, along with auto…
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President Hassan Rouhani on Sunday issued separate decrees appointing new economy, cooperatives, industries and roads ministers in a reshuffle aimed at mustering support for major economic…
Iran will be able to enlighten American public opinion about the wrong policies of US President Donald Trump regarding Tehran by opening a dialogue between Iranian academics and American…
The new Iraqi Prime Minister Adel Abdul Mahdi is capable of striking a balance between the interests of his country's two major allies, Iran and the United States, a Middle East expert said. In…
Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei highlighted the increasing importance of non-military defense against the ever-renewing threats of enemies. He made the…
As President Donald Trump prepares to re-impose a second batch of sanctions on Iran that had been eased under the 2015 nuclear deal, conservative US lawmakers and outside advisers have become…
Crude oil trade commenced on the Iran Energy Exchange on Sunday afternoon as investors competed to buy one million barrels of oil offered by the National Iranian Oil Company.
Foreign exchange rates gained on the Tehran currency market on Sunday for the first time after a period of stability with the dollar again crossing the resistance level of 140,000 rials. In late…
Tehran Stock Exchange’s main index gained 1,783.96 points or 1% on Sunday to end trading at 180,625.3. The gain comes after the market had shed 2.3% on Wednesday and was mostly attributed to the…
Iran and Kazakhstan have signed an agreement on issuing permits for truckers commuting between the two countries to boost mutual cooperation in road transportation sector. The deal was signed…
For the first time, a steel ingot shipment weighing 1,200 tons has been transported from the Yazd Province to the city of Kashan in Isfahan Province via railroad. The move is aimed at…
More than 193,000 tons of commodities worth over $137 million were exported from the southern Fars Province during the first seven months of the current Iranian year (March 21-Oct. 22).
Home prices in Tehran increased, as the number of property deals declined in the seventh month of the current Iranian year (ended Oct. 22). According to the Central Bank of Iran's latest report…
The Islamic Republic of Iran Customs Administration has turned in its best-ever midyear profit during the first half of the current Iranian year (March 21-Sept. 22), according to a report…
The top three popular mobile games in Iran are Clash of Clans, Baghlava, and Clash Royale, a nationwide survey carried out by Iran’s Digital Games Research Center (DIREC) shows.
Negotiations are underway with banks in Iraq and Afghanistan for enabling Iranian private sector players to repatriate their export yields as per the law and maintain trade, a senior private…
A new startup has been launched in Tehran that offers a variety of services from repairing home appliances and electronics to educational material and online courses.
