Iran Chamber Newsroom

Iran’s economy minister pledges action to normalize Iran’s status with FATF

Iran’s Economy Minister, Abdolnaser Hemmati, announced that necessary steps are being taken to suspend the Financial Action Task Force’s (FATF) measures against Iran. He stated that the Ministry of Economic Affairs is following up on essential actions to lift restrictions, aiming to protect national interests.

Iran Economy

Iran increases gasoline output to cut reliance on imports

In line with efforts to reduce its reliance on gasoline imports, Iran has increased its daily gasoline output by 8.5 million liters over the past two and a half months, according to a senior Oil Ministry official.

Energy

Kish Invex 2024 kicks off to showcase Iran’s financial, investment opportunities

The 16th Exhibition of Iran’s Investment Opportunities and 11th International Exhibition on Exchange, Banking, Insurance and Privatization, known as Kish Invex 2024, opened on the country’s southern Kish Island on Monday.

Financial Markets

Iran to attend China trade exhibition to develop exports

Iran will maintain a significant presence at the China International Import Expo (CIIE) with two national pavilions covering a total area of 140 square meters and a commercial pavilion covering approximately 1,700 square meters, aiming to develop exports of Iranian-made goods and services.

Trade

Maramat Veis Karami, the CEO of the National Iranian Oil Products Distribution Company has announced a 7.4% increase in Iran’s average gasoline consumption.

Iran reports 7.4% rise in gasoline consumption

Energy

90% of Iran’s power generation demand met via natural gas: Expert

Energy

Iran’s seven-month foreign trade hits $100 billion

Trade

Iran has imported some 25,448 passenger cars in the seven calendar months to October 31, marking a 12-fold year-on-year increase, according to a report by the country’s customs administration (IRICA).

Iran reports major rise in car imports

Mine and Industry

The International Monetary Fund (IMF) has reassessed Iran’s economic outlook, improving its forecasts for both inflation and economic growth compared to previous reports.

IMF forecasts economic growth, inflation reduction for Iran

Macro Economy

The value of Iran’s steel exports hit $3.09 billion in the first six months of the country’s calendar year (March 20 – September 21), marking a 16% drop compared to that of last year’s corresponding year.

Iran’s six-month steel exports fall by 16% YOY

Mine and Industry

Iran will add a sum of 14 power plants to its electricity grid to prevent power cuts during the hot months of the next year, said a member of the parliamentary Energy Committee.

Iran to construct 14 power plants to prevent electricity cuts: MP

Energy

The Iranian parliament has allowed the government to increase its Special Drawing Rights (SDRs) in the International Monetary Fund (IMF).

Iran to increase IMF assets, aiming to strengthen influence

Financial Markets

Iran lifts three-year ban on Apple iPhone imports

Trade

Mohammad Reza Farzin will stay in post as the head of Iran’s Central Bank.

Iran’s Central Bank Chief Farzin retained by President Pezeshkian

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.

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ICCIMA Board of Representatives convenes in Tehran

Iran Chamber of Commerce, Industries, Mines and Agriculture