Iran Chamber Newsroom

Europe should pre-purchase Iran’s oil through INSTEX first: CBI chief

The governor of the Central Bank of Iran (CBI) has said that the Europeans should show their sincerity about their Instrument in Support of Trade Exchanges (INSTEX) by ordering Iran’s crude.

Financial Markets

Iran’s private firms call for stronger export credit guarantees to counter US sanctions

In a letter to President Hassan Rouhani, private sector representatives have called on government to give more authority to the Export Guarantee Fund of Iran with regard to issuing export guarantees, according to the EGFI chief.

Trade

Iran seeks to renovate Afghanistan’s war-ravaged infrastructure

After Iraq, Iran is setting eyes on reconstructing Afghanistan’s war-ravaged infrastructure. Iran’s shuttle diplomacy is active now. Iranian and Afghani delegations are meeting quite regularly to coordinate efforts.

Mine and Industry

Iran to open commercial centre in Ghana as Tehran eyes further African trade

Iran and Ghana are trying to increase their commercial exchanges as they eye closer bilateral ties. If commercial volume goes up, political relations will further be cemented. Now, Iran is set to have a permanent exhibition of its products in Accra, the capital of Ghana.

Trade

Iran, Bangladesh seek to increase trade ties

Trade

The railways can give Afghanistan great access to the high sea, Central Asia, Turkey and other countries. However, it needs funding from Kabul to be completed first.

Iran set to complete its own section of Khaf-Herat railway by March 2020

Transportation

Agro-industrial exports, petrochemical, mines and tourism sectors are the main priorities of the Nicaraguan economy that need Iranian investment, according to the country’s Finance and Public Credit Minister Iván Acosta, who led a business delegation to Iran last week.

Nicaragua eyes Iranian investment in agriculture, mines, petrochemicals and tourism

Video

An independent campaign has been launched in Iran in order to attract international aid in cryptocurrency for flood victims in the face of US sanctions which have choked off foreign funds.

Cryptocurrency campaign seeks to help Iran flood victims

Financial Markets

Although very far apart, Iran and Nicaragua are ready to expand their cooperation. Tehran and Manágua are getting closer day by day and are seeking barter trade to kickstart their bilateral trade exchanges.

Iran, Nicaragua keen on starting bilateral trade despite US sanctions

Trade

Iran and Turkmenistan are neighbours, share border and are friends. However, they are not that close economically speaking. Now, Tehran wants to help increase bilateral trade volume to $3bn.

Iran private sector urges efforts to reach $3bn trade with Turkmenistan

Iran Chamber

Iran private sector urged Turkmen officials to establish Turkmenistan-Iran Joint Chamber of Commerce in a bid to booster bilateral economic relations.

Iran private sector urges creation of Turkmenistan-Iran Joint Chamber of Commerce

Joint Chambers

Cuban Ambassador to Iran Alexis Bandrich Vega says Iran has a great opportunity to strengthen trade ties with the Caribbean island nation because the country depends very much on foreign trade.

Video

Cuba’s doors are open to Iranian private sector businessmen: Envoy

Video

Iran and Cuba are both under the US sanctions since their respective revolutions in 1979 and 1959. Cuba has undergone political changes and is seeking to attract more foreign investment despite the US sanctions.

Cuba opens doors to Iranian private sector

Trade

Erbel was set to replace former German banker Per Fischer as INSTEX president after the latter’s six-month period came to an end with no tangible results at the end.

Bernd Erbel, newly-appointed INSTEX president, resigns

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.