Industries ready to add 895MW of thermal power to national grid in summer

TEHRAN - Iran's aluminum producer Almahdi connected the second 183-megawatt unit of its thermal power plant to the national electricity grid on Monday, a senior official said, as part of a broader push by energy-intensive industries to boost self-supplied power generation.

Iran, Venezuela to finalize FTA in coming days

TEHRAN - Iran and Venezuela are set to finalize the text and annexes of their long-anticipated free trade agreement within the next two days, a senior Iranian official announced following a meeting in Tehran.

By Seyed Mehrdad Bani-Hashemi Kahangi

Sanctions and soul of a nation: Rethinking economic warfare on Iran

In the quiet corridors of Iranian hospitals, where children wait for medicine that never arrives, and in the crowded markets of southern Tehran, where inflation is rewriting the price of bread by the hour, one truth has become inescapable: the real cost of U.S. sanctions is not political—it is profoundly human.

Private sector pitches 30 investment packages as mining investment forum kicks off

TEHRAN - A specialized conference on investment opportunities in Iran’s mining and mineral industries opened on Monday in Tehran, bringing together private sector operators and officials from the Ministry of Industry, Mining and Trade.

Gas injection to Shourijeh storage facility rises 23%

TEHRAN - Gas injection into the Shourijeh underground storage facility has been increased by 23 percent since the beginning of the season, the managing director of Shahid Hasheminejad Gas Refinery said.

Over $1b allocated for medicine imports since March

TEHRAN - Central Bank of Iran (CBI) announced that it has allocated and supplied more than $1.041 billion for the import of medicines, pharmaceutical raw materials, and medical equipment since the beginning of the current Iranian year (late March).

7m smart meters to be installed across Iran by late March 2026

TEHRAN – Iranian Energy Ministry aims to install seven million smart electricity meters by the end of the current Iranian year (late March 2026), with the goal of reaching nine million units by the following fall, a senior official at the state-owned Power Generation, Transmission and Distribution Company (Tavanir) said.

TEDPIX loses 5,700 points on Sunday

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), lost 5,700 points to 3,035,000 on Sunday, which is the second day of the Iranian calendar week.

NPC needs $18b investment to fully utilize petchem industry capacity

TEHRAN – Iran’s National Petrochemical Company (NPC) requires nearly $18 billion in investment to overcome challenges and unlock the full potential of its petrochemical industry, a senior official said, underscoring the critical need for a stable supply of feedstock.

Over 27m passengers traveled via public road transport in 2 months

TEHRAN - More than 27 million passengers used Iran’s public road transport fleet during the first two months of the Iranian calendar year 1404 (March 21 to May 21, 2025), according to the country’s Road Maintenance and Transportation Organization.

Iran offers to build 1m housing units in Kenya

TEHRAN - Iran has expressed readiness to help build one million social housing units in Kenya, according to the head of Iran’s Urban Regeneration Company during a meeting with Kenya’s Cabinet Secretary for Lands, Public Works, Housing, and Urban Development.

Overhaul of phases 17, 18 offshore platforms at South Pars completed

TEHRAN - The overhaul of the offshore platforms in phases 17 and 18 of Iran’s South Pars gas field has been successfully completed after carrying out more than 1,300 operational tasks, according to the head of South Pars gas platform maintenance.

Over 1,200 government offices equipped with solar panels

TEHRAN - Iran has equipped 1,239 government offices with solar panels as part of a nationwide energy-saving initiative, an official from the state-run Power Generation, Distribution and Transmission Company (Tavanir) said.

Iran seeks BRICS bank membership in talks with President Rousseff

TEHRAN - Iran’s central bank governor, Mohammad Reza Farzin, met with Dilma Rousseff, president of the BRICS New Development Bank (NDB), in Shanghai on the sidelines of the Shanghai Cooperation Organization (SCO)'s finance summit, reaffirming Tehran’s intention to join the multilateral lender.

Petchem sector invests $5b to curb gas flaring, aims to cut carbon emissions by half

TEHRAN – Iran’s petrochemical industry has invested $5.0 billion to reduce gas flaring in upstream oil operations and is drafting a strategic roadmap to further cut emissions, according to the health, safety and environment (HSE) director of the National Petrochemical Company (NPC).

Iran’s refining capacity rises to 2.4m barrels a day

TEHRAN – Iran has increased its daily crude oil refining capacity to 2.4 million barrels, with the Abadan refinery contributing the largest share to the rise, according to a senior official at the National Iranian Oil Refining and Distribution Company (NIORDC).

Iran shares urban regeneration strategies with Malaysia

TEHRAN – Iran has shared its urban regeneration initiatives with Malaysia’s Minister of Housing and Local Government during the second session of the United Nations Habitat Assembly, attended by high-level representatives from across the globe.

Iran hails SCO co-op bank proposal as key step toward de-dollarization

TEHRAN – Iran’s ambassador to Russia said the country’s proposal to establish a joint bank for Shanghai Cooperation Organization (SCO) members marks a significant step toward de-dollarization and a shift toward a multipolar world order.

Iran, Germany discuss ways to expand trade ties

TEHRAN- During a meeting between the head of Iran Chamber of Commerce, Industry, Mines and Agriculture (ICCIMA) and the German ambassador to Iran, the two sides explored the ways for the expansion of trade relations between the two countries.

Iran, Uzbekistan sign MOU on transit co-op expansion

TEHRAN- Iran and Uzbekistan signed a memorandum of understanding (MOU) on the expansion of transit cooperation.

Iran, Tajikistan stress necessity to expand, facilitate bilateral trade

TEHRAN- During a meeting between Head of Iran’s Trade Promotion Organization (TPO) Mohammad-Ali Dehqan Dehnavi and Tajikistan’s Minister of Industry and New Technologies Sherali Kabi, the two sides emphasized the necessity to expand and facilitate trade cooperation between the two countries.

Tehran signals readiness to boost role in regional transport development

TEHRAN – Iran is fully prepared to play an active and constructive role in the development of regional transport and logistics, Iranian Minister of Transport and Urban Development Farzaneh Sadegh said at the 13th Meeting of ECO Transport Ministers held in Tehran on Sunday.