Iran Chamber Newsroom

Iran trade deficit at $1.6 billion in 8 months to November

Iran’s customs office (IRICA) has updated figures related to the country’s foreign trade, saying that declined exports in the eight months to November 20 led to a deficit of $1.6 billion in the balance of trade.

Trade

Sanctions hamper anti-virus fight in developing countries: Iran

Iran’s permanent representative to Vienna-based international organizations has expressed concern about the effects of unilateral sanctions on developing countries’ fight against the coronavirus outbreak, underlining the need for a coordinated global response to the pandemic.

Society Economy

First North-South Corridor freight transit under TIR processed through Iran

A senior Iranian customs official says a first ever cargo passing through the so-called North-South Corridor under an internationally guaranteed system of freight transit has been successfully accomplished.

Transportation

Business disputes specialized court opened in Tehran

Following demands from representatives of Iran’s private sector at the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and its local branches a specialized judicial court has opened in Tehran to exclusively deal with cases related to business disputes.

Iran Chamber

Iran and Uzbekistan chambers of commerce have signed a Memorandum of Understanding (MoU) that paves the way for the creation of a joint trade committee between the two countries.

Iran, Uzbekistan private sectors agree to create joint trade committee

Iran Chamber

The US has granted Iraq a shortened 45-day sanctions waiver to import Iranian gas that will expire days before Donald Trump’s term ends.

US grants Iraq 45-day sanctions waiver allowing import of Iran gas before Joe Biden takes office

Energy

Iranian President Hassan Rouhani has inaugurated 13 major road and airport projects with a government investment of nearly $121 million.

Iran launches 13 major road, airport projects

Transportation

Iran’s government has ordered a widespread shutdown of cities hit hardest by the coronavirus outbreak as daily infections and deaths are setting new records.

Iran to impose widespread shutdown in 150 cities from Nov 21

Society Economy

The European Union foreign policy chief, Joseph Borrell, says Iran should reap the economic benefits of the 2015 nuclear deal in exchange for restrictions on its nuclear work.

Iran needs to reap economic benefits of JCPOA: Borrell

Macro Economy

The Iranian government will launch a fresh loan support program to cover 10 million families affected by its restrictions meant to curb the spread of the coroanvirus pandemic.

Iran gov’t to pay loan to 10 million households amid coronavirus lockdown

Society Economy

The Europe-Iran Business Forum, which is funded by the European Union, will runs Dec. 14-16 and will be the first of its kind in two years.

Europe-Iran Business Forum to be held in December

Trade

Iranian authorities say they have plans to expand the country’s port capacity to 630 million metric tons per year by 2025. Iran’s port throughput capacity currently stands at 246 million tons.

Iran to add around 400 million tons to its port capacity by 2025

Transportation

Iran’s tourist arrivals saw a decline of 72% in the first eight months of 2020, according to the latest data of World Tourism Organization.

Iran tourism arrival down 72% in 8 months

Society Economy

Qeshm Free Zone Organization plans to launch direct return flights Qeshm Island, located in southern Iran, to Istanbul, Turkey, and Kabul and Herat in Afghanistan.

Qeshm island plans to launch direct flights to Istanbul, Kabul

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.