Economy

Iran Health Insurance Organization should operate on a tight budget of 160 trillion rials ($4.25 billion) next year (March 2017-18), Minister of Cooperatives, Labor and Social Welfare Ali Rabiei…

Some 1.4 million tons of oil meals were imported during the 11 months to Feb. 18, secretary of the Iranian Association of Vegetable Oil Extraction Industry said.

“The unrestrained imports…

A recent study says 12% of Iranians believe that social media networks and applications should be filtered with immediate effect.

British mobile operator Vodafone risks being left on the sidelines as rivals converge to break free from just selling ever-cheaper data bundles and become internet companies offering combined…

Following the release this week by WikiLeaks of alleged CIA hacking of Samsung Smart televisions, globally popular (not in Iran) messaging app Viber announced it has launched its latest new…

A vacation site claiming to offer “the best package vacation deals” was launched at the end of 2016 according to local website news agency WEBNA, and is now being aggressively promoted. The new…

President Hassan Rouhani's executive order to transfer all government accounts to the Central Bank of Iran will be completed next year, the director of CBI's Office for Banknote Issuance said.…

The Iranian banking system is not bankrupt contrary to some reports and the Central Bank of Iran is in control, the vice governor of CBI said.

The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has called for the unification of foreign exchange rates and criticized the current dual rate system.”

The International Monetary Fund is optimistic that Iran can unify its dual foreign exchange rates in 2017-18 despite recent challenges facing the country, such as currency market volatility.

The rate of smuggling is expected to decline by 20% from last year’s $15.5 billion and reach $12-13 billion this year, the spokesman of Headquarters for Combating Smuggling of Commodities and…

The government grants 860 billion rials ($22.9 million) worth of subsidies to media groups every year.  Minister of Culture and Islamic Guidance Reza Salehi Amiri added that in the current…

There are 19 million vehicles in Iran, Minister of Roads and Urban Development Abbas Akhoundi announced. “Including the motorcycles, the figure tops 29 million,” he was quoted as saying by the…

Mashhad International Airport handled 9.41 million passengers and 65,343 flights during the 11 months to February 18, registering an increase of 18% and 17% respectively compared with the…

The second meeting of the Supreme Labor Council on setting the next Iranian year’s (March 2017-18) minimum wage for nearly 13 million Iranian workers will be held today at the Ministry of…

After days of cold snaps, it was a sunny Wednesday morning at Neauphle-le-Chateau Street in downtown Tehran. The press had gathered at the French Embassy for a briefing on the country’s plans for…

Women held 89% of all the jobs created over the past Iranian year (March 2015-16), according to the minister of cooperatives, labor and social welfare.

“The employment of women in…

The domestic auto industry is plagued with a myriad of problems, from inflation to production of high-emission vehicles. But its newest challenge comes from rather unexpected quarters: the Persian…

Volkswagen Group has signed a memorandum of understanding with Tata Motors to explore cooperation in India, sources close to the matter said, as VW takes a fresh attempt at conquering low-cost…

Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the US Justice Department in January over the…

The International Organization of Motor Vehicle Manufacturers (OICA) says  Iran’s auto industry had the largest growth rate internationally during 2016.

A chart published on the…

The Organization for Economic Cooperation and Development should upgrade Iran’s risk classification in view of the country’s current economic situation, said the CEO of Austria’s Oberbank.

The Central Bank of Iran has updated its list of bureaux de change officially allowed to operate in the market. According to the latest update by CBI on March 4, a total of 419 exchange houses…

The governor of the Central Bank of Iran believes that the country will be able to meet the conditions needed to become a full-time member of the Financial Action Task Force when the organization…

For the first time in Iranian history, the country has exported milk to the United States, Deputy Agriculture Minister Hassan Rokni announced on Thursday without providing any further information…