Iran Chamber Newsroom

India removed from Iran’s Farzad B gas field project: Report

A report published by an Indian newspaper suggests Iran is no longer interested in having Indian firms involved in one of its major natural gas development projects.

Energy

Iran’s Q2 underemployment at 9.3%

Underemployment, the condition in which people in a labor force are employed for less than 44 hours of service per week, stood at 9.3% in the second quarter of the current fiscal year (June 21-Sept. 21).

Society Economy

Iran private sector opens trade center in Damascus, aims at $1bn export to Syria

Iran Chamber of Commerce, Industries, Mines and Agriculture has opened a trade center in Damascus with the aim of boosting exports to Syria.

Joint Chambers

Low imports, smuggling reason for shortage of insulin pens in Iran: Official

Iranian health authorities say lower imports and a heavy subsidy system which has spurred smuggling of drugs out of the country are to blame for a recent shortage of insulin pens.

Society Economy

Iran has exported 99,000 metric tons of home appliances worth of over $139 million in the first five months of the current calendar year.

Iran’s home appliances exports over $139 million in 5 months

Trade

Iran’s national flag carrier, Iran Air, will resume roundtrip Tehran-Cologne flights from October 30 after a seven-month halt that was caused by the spread of the coronavirus pandemic in Iran and the European country.

Iran Air to resume Tehran-Cologne flights from October 30

Transportation

IMF’s October World Economic Outlook shows that Iran’s economy would shrink by 5.0 percent in 2020. The IMF report expected the country’s gross domestic product (GDP) to grow by 3.2 percent in 2021.

IMF expects Iran economy to shrink 5% in 2020

Macro Economy

Iran’s central bank governor Abdolnaser Hemmati says he is “hopeful” his visit to Baghdad on Monday and successful talks with Iraqi officials would enable Tehran to use more than $5 billion of its funds in the country.

Iran’s money in Iraq over $5 billion: CBI chief

Trade

Iranian airlines would not be allowed to increase fare prices despite lower demand for air travel and restrictions imposed on the number of passengers booked for flights to curb the spread of the coronavirus pandemic.

Iran’s civil aviation authority halts fare hikes

Transportation

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has called US efforts and sanctions against Iran as manifestation of atrocity and "truly criminal," but said the Islamic Republic will continue to resist until it brings as much disgrace upon Washington as is possible.

Iran will parlay sanctions into instruments of strengthening economy: Leader

Society Economy

Iran and Iraq reach deal to release trapped energy payments

Trade

Germany has reiterated its full commitment to a multilateral nuclear agreement signed between Iran and major world powers in 2015, saying the United States’ move to pull out of the agreement is "regrettable."

Germany reiterates full JCPOA commitment, regrets US withdrawal

Macro Economy

Iran private sector critical of World Bank’s Doing Business report

Iran Chamber

The final report for the Field Studies of the Kyrgyz-Tajikistan-Afghanistan-Iran (KTAI) road corridor has been published jointly by the Economic Cooperation Organization (ECO) and the International Road Transport Union (IRU).

KTAI corridor field study report released

Transportation

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.