Top LNG traders Shell and BP have separately filed for arbitration against US exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers…

Hydrogen has the potential to decarbonize at least a third of the aviation sector, but is decades away from mass adoption, leaving the world dependent on sustainable aviation fuels to reach net-…

The average global land subsidence is two centimeters per year, but it is much higher in some parts of Iran, mainly due to the over-extraction of water from groundwater resources, especially in…

The executive operations of the second phase of the wastewater treatment plant of Babol and Amirkola cities in Mazandaran Province have started, the managing director of the provincial Water and…

Shiraz Petrochemical Company in Fars Province is one of the frontrunners in implementing clean development mechanism (CDM) projects to reduce gas emissions, the managing…

Toyota Motor will focus on selling hydrogen-powered trucks and cars in Europe and China, as part of a push to sell 200,000 of these vehicles by 2030, executives said on Tuesday.

Tesla agreed to pay just over $6 million to settle a class-action lawsuit brought by customers who faced sudden solar roof price hikes in 2021 after agreeing to have the systems installed at…

The prices of all types of cars are declining, that of costly models significantly and that of economy models marginally, amid the recession dominating the domestic market in recent weeks.

Iraq’s President Abdul Latif Rashid hailed “strong” relations with Iran, saying that the two neighboring countries consult regularly on all issues of mutual concern. In an interview with Press…

Tehran Stock Exchange's main index, TEDPIX, gave up 30,154.71 points or 1.40% on Tuesday to end at 1,128,378.41 and the TSE equal-weighted index lost 1.88%. About 10.84 billion shares worth 70.…

Iran Chamber of Guilds has called for changes in the newly-unveiled system for e-payment transactions fees so that cardholders pay a share of the charges. 

The Iranian National Tax Administration earned 1,370 trillion rials ($2.75 billion at the current market exchange rate) in tax income during the first quarter of the current fiscal year (started…

Prospects and bottlenecks of the banking sector’s use of artificial intelligence were discussed in a meeting of tech and banking experts. Participants stressed the need and significance of…

The Purchasing Managers' Index for local industries settled at 55.3 in the current Iranian year’s third month of the current year (May 22-June 21), down from 66.96 in the preceding month (April…

The industrial sector’s added value per capita, based on the fixed prices of fiscal 2011-12, increased from 26 million rials ($52 at the current market exchange rate) in 2011-12 to 27 million…

Most of the state-owned banks in Iran do not meet the Basel 3 standard and their capital adequacy ratio is below 7%, the neglect of which would raise their risk of bankruptcy, the head of the…

Iran imported $21.9 million worth of goods from the US during the first five months of 2023, up 36.02% compared with $16.1 million in the same period of 2022, the latest data released by the US…

The Iron and Steel Council of Iran has lashed out at the decision to double gas prices for steel mills in a letter to the new Industries, Mining and Trade Minister Abbas Aliabadi.

President Ebrahim Raisi was set to initiate his three-day tour of Africa on Tuesday in line with the government’s policy of diversifying foreign relations.  He will be visiting Kenia,…

The percentage of people over the age of 60 will constitute 30% of Iran’s population by the year 2050, Mohammad Tabatabaei, a health official with the Iran University of Medical Sciences, stated…

A senior diplomat said Iran adheres to the principles of good neighborliness and mutual interests in exploiting shared hydrocarbon reservoirs, as the dispute over the Arash joint gas field with…

Chinese cities have been raising residential gas prices in recent weeks, after Beijing launched a new mechanism linking retail residential gas prices with distributors' fuel purchasing costs, a…

In an effort to narrow down the growing gap between gasoline supply and demand, the National Iranian Oil Refining and Distribution Company and Iran’s major auto manufacturers Iran Khodro…

The amount of precipitation in Iran from the beginning of the current water year (Sept. 23, 2022) to July 8 increased by 10% compared with the same period of the previous year. In the nearly 10…

Saudi Aramco has informed some clients in North Asia they will receive full nominated volumes of crude oil in August, several sources with knowledge of the matter said on Tuesday, while top…