Iran Chamber Newsroom

Iran-Turkey trade down 77%

Iran’s trade with Turkey totaled $803.59 million during the first five months of 2020 (January-May) to register a decrease of 77.62% compared with the corresponding months of 2019, data released by Turkish Statistical Institute show.

Trade

Iran’s trade with Kuwait sabotaged by Saudis: Businessman

Iran’s exports to Kuwait continue to suffer from Saudi Arabia’s pressures on its neighboring country, the head of Iran-Kuwait Joint Chamber of Commerce says insisting that Tehran should counter the move.

Joint Chambers

Iran lifts ban on export of four coronavirus-related medical products

Iran’s Ministry of Industries, Mining and Trade has lifted a ban on the export of serology kits, surgical-medical gowns, face shields and N95 facemasks.

Trade

Iran opens 10 major energy projects worth of $100 million

Iranian President Hassan Rouhani has opened 10 major energy projects with an investment of 19 trillion rials (nearly $100 million) as his administrative government presses ahead with finishing key infrastructure facilities across the country.

Energy

Six new solar plants will come online in Fars province in southern Iran Thursday, marking another watershed in the country’s path to a decarbonized energy system and expanding its renewable portfolio.

Six new solar plants to come online in southern Iran

Energy

The National Iranian Gas Company (NIGC) says its exports of natural gas surged by more than a quarter in the calendar year ending March 2020.

Iran’s annual gas export up 26%

Energy

A total of 9.3 million tons of goods were loaded and unloaded in the southern Imam Khomeini Port during the first three months of the current Iranian year (March 20-June 20). Over 7 million tons of the total sum pertained to non-oil goods.

Imam Khomeini Port handles 9.3 million tons of goods in 3 months

Trade

Iran exported $211.64 million worth of dates to 85 countries in the last Iranian year (March 2019-20), according to the spokesman of the Islamic Republic of Iran Customs Administration.

Iran’s dates exported to 85 countries

Agriculture and Environment

The “flydubai”, legally named Dubai Aviation Corporation, is scheduled to resume its Iran services as coronavirus-related restrictions are being eased across the globe.

Flydubai to resume flights to Tehran

Transportation

With India no longer importing oil from Iran, UCO Bank is looking at other avenues to keep the rupee payment mechanism with Iran alive.

India’s UCO Bank eager to keep rupee-rial payment mechanism

Trade

Iran has officially launched a $1.8 billion oil pipeline project which will provide the country with an alternative route for crude oil exports that are currently transferred through the Strait of Hormuz.

Iran’s strategic oil pipeline bypassing Strait of Hormuz to be launched early 2021

Energy

United Nations secretary-general has called for the exhaustion of all possible means to prevent the “destruction” of the historic 2015 nuclear agreement between Iran and world powers.

JCPOA must be preserved: Guterres

Macro Economy

Petroleum Minister Bijan Zanganeh says the Iranian gasoline delivered to fuel-starved Venezuela last month was sold to Caracas at market price.

Iran sold gasoline to Venezuela at market price: Zanganeh

Energy

Iranian President Hassan Rouhani says the return of foreign currency incomes will balance the foreign exchange market. The rial has hit rock bottom in the past month, collapsing even below the 190,000 rate it fell to in the wake of the US decision in 2018 to withdraw from the Iran nuclear deal and reimpose sanctions.

Forex market shock temporary: Rouhani

Financial Markets

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.

Iran Chamber of Commerce,Industries, Mines and Agriculture

Djavad Salehi-Isfahani

Jorge Cachinero

Iran-Vietnam joint business forum

Iran Chamber of Commerce, Industries, Mines and Agriculture