TEHRAN- The deputy agriculture minister announced that the production of the country’s basic products is being carried out without interruption based on previous plans, and added: “The necessary planning has been carried out to ensure the…
Category: 4. Business
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Necessity of coordination between FTZs, IRICA emphasized
TEHRAN- During the online meetings of the Secretary of the Supreme Council of Free Zones with the Managing Directors of the Arvand, Qeshm, and Kish Free Zones, the necessity of coordination with the Islamic Republic of Iran Customs Administration…
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Economist Says Biggest Problem For Iranian Economy is State Controls
June 20, 2025
Economist Musa Ghani nejad says the biggest problem plaguing Iran’s economy is its centrally controlled, command-style structure.
Speaking at the “Market Oriented” seminar in Mashhad, Ghani-nejad said, “In the…
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For Umpteenth Time, Auto Privatization Again Killed
June 20, 2025
For the umpteenth time, the government has canceled plans to sell stock in Iran’s two biggest automotive firms, Iran Khodro and Saipa, as a giant part of the national privatization program.
Even before the…
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China Oil Buy Drops, But Remains High
June 20, 2025
Iranian oil sales to China plummeted by a quarter in May, according to data from Vortexa Ltd., but still remained quite high when compared to most months since the US abandoned the nuclear deal with Iran in 2018—a…
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Non-oil commodities valued at over $38m exported from Sistan-Baluchestan
TEHRAN- As announced by a provincial official, non-oil goods worth $38.105 million were exported from Sistan-Baluchestan province in the southeast of Iran during the first two months of the current Iranian calendar year (March 21-May 21).
Qorban…
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India exports non-oil products worth $291m to Iran in 2 months
TEHRAN- India exported non-oil products worth $291 million to Iran during the first two months of the current Iranian calendar year (March 21-May 21), the head of the Islamic Republic of Iran (IRICA) announced.
Foroud Asgari said that India was…
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Minimum Wage is Boosted 45%
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…
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Iran says no shortage of essential goods despite recent attacks
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…
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Oil prices rise amid escalating Iran-Israel tensions
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…
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