• Army Air Force Initiative to Extend Tech Support to SAIPA
    Iran Army Air Force has launched an initiative to strengthen relations with the major automaker SAIPA for sharing technologies, bolstering domestic auto production and reducing foreign dependency...
  • Putin Highlights Iran’s Role in Resolving Regional Conflicts
    Russian President Vladimir Putin underlined Iran’s role in resolving conflicts in the region and expressed willingness to cooperate with Tehran to help end the recent clash between neighboring...
  • Zarif, Wang to Help Deepen Partnership
    Foreign Minister Mohammad Javad Zarif held consultations with his Chinese counterpart, Wang Yi, on Saturday over a range of subjects, including the 25-year roadmap for Tehran-Beijing strategic...
  • Industrial PMI Bounces Back
    The Purchasing Managers’ Index for Iran’s industrial sector during the sixth month of current fiscal year (Aug. 22-Sept. 21) settled at 54.53 from 48.06 in the preceding month (July 22-Aug. 21),...
  • No 1716
    No 1716
    No 1716
  • Decline in Bad Checks
    The total value of bad checks reached 190 trillion rials ($655 million) by the end of the month to August 21, down 2.6% on a monthly basis and the number dropped by 9.2%. A total of 794,000 checks...
  • IDRO Producing API 610 Pumps
    Heavy Duty Pumps and Water Turbine Manufacture Company (Petco) designs and manufactures assorted pumps for the gas and oil industries with indigenized materials, knowledge and expertise without the...
  • Fines for Breaching Covid-19  Rules in Tehran Outlined
    People who breach coronavirus regulations in Iran’s capital could face fines of up to $6.6, President Hassan Rouhani announced on Saturday in a bid to encourage compliance with health protocols in...
  • Gold and Forex Make History in Tehran
    Gold and foreign currency in Tehran posted strong gains in post-holiday trading on Saturday jumping to record highs. Emami gold coin jumped 7.5 million rials, or 4.82%, to an all-time high of 155....
  • Chabahar Port and Iran-India Interface
    Iran-India economic linkages have been impacted significantly, ever since the withdrawal of the US from JCPOA (the formal name of Iran nuclear deal—the Joint Comprehensive Plan of Action) in 2018...
  • TEDPIX Near Flatline
    Tehran stocks opened trading week on Saturday amid a lukewarm reception of blue chips and relatively high demand for shares of smaller companies.  The market-cap weighted index of Tehran Stock...
  • Post Company Ships 5 Tons of Packages Overseas Daily
    The government-owned Iran Post Company dispatches at least 5 tons of letters and packages overseas on a daily basis, says Deputy Minister of Information and Communications Technologies Ramezanali...
  • Call for Expanding CNG Use
    Retrofitting vehicles, especially vans, with compressed natural gas can substantially cut fuel costs, head of the CNG Department of state-run National Iranian Oil Products Distribution Company said...
  • Urban Rent Inflation Tops 24%
    The average Consumer Price Index for rents in urban areas during the four-quarter period ending Sept. 21, which marks the end of the second quarter of the current Iranian year, increased by 24.3%...
  • shajarian
    The great classical Iranian composer and singer Mohammad Reza Shajarian passed away at a hospital in Tehran on Thursday at the age of 80 after a years-long battle with kidney cancer.  
  • OPEC: Oil Demand to Plateau in Late 2030s
    World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the...
  • Death
    Iran logged 210 overnight deaths due to the coronavirus pandemic on Friday, which pushed the national toll past the 28,000 mark, a health official said.  
  • Banks Notified to Adjust Forex Rates in Financial Reporting
    New exchange rates should be used by banks as the basis for converting their forex debt and assets into rial, the Central Bank of Iran said Thursday. As per a CBI bylaw, each euro will be equal to...
  • Trump Flirts With Sanctions
    Governor of the Central Bank of Iran Abdolnasser Hemmati, said Thursday that the new US sanctions against Iranian banks are yet another blow to the few remaining channels to pay for food and...
  • No 1715
    No 1715
    No 1715
  • Aversion to Gov’t Bonds Persists
    Bond auctions held Tuesdays by the Central Bank of Iran concluded with none of the legal or individual investors showing interest in the government bonds.  As per an earlier announcement, there...
  • Borrell
    European Union foreign policy chief, Josep Borrell, underlined the need to keep the 2015 nuclear deal in place since engagement with Iran remains in EU’s “vital strategic interest.”  
  • PMI Trend Implies Slow Recovery
    The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the economy settled at 46.86 in the month ending Sept. 21 from 46.43 in the month ending Aug. 21, indicating 0.43...
  • Power Plant in South Tehran Is a Handicap
    The average volume of water used to produce electricity in Besat Combined-Cycle Power Plant in south Tehran is 45 times above other power stations in the capital. According to Barq News, the 52-...
  • Glimmer of Hope For Urmia Lake Revival
    Effective programs have been implemented to revive the troubled Urmia Lake and environment officials in East and West Azarbaijan province hope Iran’s largest inland body of water should reach its...

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