Reliable news on Iran economy - affiliated with the Iran Chamber of Commerce

Governor of the Central Bank of Iran (CBI) has said that the country plans to become a member and shareholder of the New Development Bank (NDB), formerly referred to as the BRICS Development Bank.

Iran to become a shareholder of NDB Bank

Governor of the Central Bank of Iran (CBI) has said that the country plans to become a member and shareholder of the New Development Bank (NDB), formerly referred to as the BRICS Development Bank.

Financial Markets
Some 20 Iranian companies have participated in GITEX Global 2024.

20 Iranian companies attend GITEX Global 2024

Some 20 Iranian companies have participated in GITEX Global 2024.

Iran Economy
Iran has awarded a first contract to the private investor for the development of its railway infrastructure amid plans to expand the country’s rail freight transport market.

Iran awards first railway infrastructure contract to private investor

Iran has awarded a first contract to the private investor for the development of its railway infrastructure amid plans to expand the country’s rail freight transport market.

Transportation
The value of Iran’s non-oil exports to Russia in the first half of the Iranian calendar year (March 20 – September 21) has seen a 12% year-on-year increase, according to a report by the Islamic Republic of Iran Customs Administration (IRICA).

Iran reports 12% growth in non-oil exports to Russia in six months

The value of Iran’s non-oil exports to Russia in the first half of the Iranian calendar year (March 20 – September 21) has seen a 12% year-on-year increase, according to a report by the Islamic Republic of Iran Customs Administration (IRICA).

Trade

Iran’s PMI shows contraction in economic activities for fifth month in a row

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has released the country’s new PMI data for the fiscal month of Shahrivar (August 22 – September 21, 2024) which indicates contraction in economic activities for a fifth consecutive month.

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has released the country’s new PMI data for the fiscal month of Shahrivar (August 22 – September 21, 2024) which indicates contraction in economic activities for a fifth consecutive month.
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