EghtesadOnline: To stabilize power supply and avoid outages in the southern regions in summer, the Energy Ministry has started replacing one million old air conditioning systems with energy efficient machines, the ministry’s spokesman for the power department said.

EghtesadOnline: Exchange shops in Tehran on Saturday sold the US dollar at 133,500 rials, which was up 2.7%, or 3,500 rials, compared to previous working day's close.

EghtesadOnline: In the wake of the government authorization to the Central Bank of Iran to intervene in the foreign exchange market, the head of Majlis Economic Affairs Commission Mohammad Reza Pour-Ebrahimi said the measures should help curb volatility and restore stability to the market.