Category: 4. Business

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 month…

TEHRAN – Iran’s minister of industry, mining and trade said on Wednesday that there is no disruption in the supply of essential goods across the country, despite recent unrest following a deadly attack.

“There is no problem with the provision…

TEHRAN – Global oil prices climbed on Thursday as mounting fears of a military confrontation between Iran and Israel raised concerns about potential supply disruptions from the oil-rich West Asia.

Brent crude futures rose by 34 cents, or 0.5…

TEHRAN – The Central Bank of Iran (CBI) has allocated more than $11.7 billion in foreign currency to cover import needs since the beginning of the Persian year 1404 (March 20), according to the Iran Center for Exchange of Currency and Gold.

Out…

Food Supply Situation Is Satisfactory

TEHRAN (Iran News) According to ILNA, Gholamreza Nouri stated on Tuesday, June 17, during a meeting of the Market Regulation Headquarters in Mazandaran Province, that the efforts of producers in leading…

TEHRAN – Iran’s Free Zones High Council announced that the trade balance of Qeshm Free Trade Zone, in the southern Qeshm Island, was $37.8 million positive in the first two months of the current Iranian calendar year (March 21-May 21).

The…

Iran-Iraq Trade Continues Uninterrupted Despite Regional Tensions

TEHRAN (Iran News) Jahanbakhsh Sanjabi Shirazi, speaking to ILNA, stated that the borders between Iran and Iraq are operating normally. “Apart from a brief three-day closure,…

Lack of Export Vision and Surrendering Foreign Markets to Rivals

TEHRAN (Iran News) Madani emphasized the urgent need for the development and implementation of such an atlas, drawing on the successful experiences of countries like the UK,…