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Iran has lifted a five-year-old ban on imports of goods that are also made in Iran, such as home appliances. 

The Presidency’s legal department sent a letter to the Ministry of Industry, Mines and Trade (MIMT) saying the…

Days before Now Ruz, the Supreme Council of Labor voted to increase the minimum wage in the country by 45% for the calendar year starting March 21. 

That raised the minimum wage payable to workers to 103.99 million rials per…

The Central Bank has raised the capital requirements for banks in an effort to make the sector more robust and minimize the risk of bank failures.

Central Bank Governor Mohammad-Reza Farzin said May 4 that the capital held…

Iran’s Ministry of Agriculture has dismissed complaints against the safety of Iranian watermelons by a member of Russia’s State Duma, who said the gourds are delivered with excessive nitrate residue.

It is the latest…

The lack of rain this year’s means Iran’s wheat harvest will be cut by a third—and perhaps as much as half—forcing the regime to pay a small fortune for imported wheat.

That will mean another year in which Iran is not…

OPEC has surprised everyone, perhaps even its own members, by deciding to add more crude to an already well-supplied market; over the next five trading days, the price of an OPEC barrel fell by almost $14 or 18 percent. 

OPEC…