Category: 4. Business

TEHRAN – Iran’s annual producer price inflation (PPI) dropped to its lowest level in seven years, Central Bank of Iran (CBI) Governor Mohammadreza Farzin announced. Presenting a report during a recent cabinet meeting, Farzin revealed that the… Continue Reading

TEHRAN – Reservoir inflows in Iran dropped two percent year-on-year during the current water year, while precipitation levels remain below the long-term average, according to official data. From the start of the water year on September 23 to… Continue Reading

TEHRAN – Iran has increased its annual natural gas production to 275 billion cubic meters despite U.S. sanctions, while warning that geopolitical tensions are threatening global energy supply chains. Iranian Oil Minister Mohsen Paknejad made… Continue Reading

The meeting, chaired and hosted by Iran’s Minister of Oil Mohsen Paknezhad, started on Sunday morning. Out of the GECF 12 member states, six countries have sent their ministers, the rest are taking part at the level of deputy ministers and… Continue Reading

Iran’s national airline, Iran Air, says it is doubling the number of flights between Iran’s Mashhad and Saudi Arabia’s Dammam. Iran Air doubles number of flights between Mashhad and Saudi Arabia’s Dammam TEHRAN (Iran News) The… Continue Reading

An economic expert says crypto assets controlled by Iranians are estimated to be $30-50 billion. … Continue Reading

TEHRAN – As announced by a provincial official, the value of non-oil export from Khorasan Razavi province, in the northeast of the country, rose 30 percent during the first seven months of the current Iranian calendar year (March 20-October… Continue Reading

TEHRAN – Deputy Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Ghadir Ghiafeh highlighted the pressing need for alternative mechanisms to mitigate banking and transportation hurdles that have increased trade costs… Continue Reading

TEHRAN – Iran is taking a unified approach to regulate cryptocurrencies to balance oversight with economic development, IRNA reported. The Central Bank of Iran (CBI) recently approved a “Policy and Regulatory Framework for Cryptocurrencies”,… Continue Reading