Iran Chamber Newsroom

Iran plans to adjust subsidized exchange rate based on inflation in next year budget

Iran’s government has proposed adjusting the subsidized exchange rate based on inflation for the upcoming fiscal year, a move aimed at aligning currency policy with economic realities, a senior lawmaker said.

Iran Economy

Iran’s seven-month agricultural exports surge 28%

The value of Iran’s agricultural exports rose by 28% in the first seven months of the current calendar year (March 20 – October 21), reaching $2.2 billion, according to the Islamic Republic of Iran Customs Administration.

Agriculture and Environment

Iran government, private sector urged to carry out their ‘historic’ responsibility

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh, highlighted the significant responsibilities shouldered by both Iran’s government and private sector during what he described as a “historic moment” for the country.

Iran Chamber

Iran’s saffron output expected to hit 400 tons this year: Official

Iran is expected to produce some 350 to 400 tons of saffron this year, according to a senior official with the Ministry of Agricultural Jihad.

Agriculture and Environment

Iran, Hungary urged to establish specialized task forces to address trade barriers

Iran Chamber

Iranian officials have downplayed a predawn attack by the Zionist regime on military targets in Tehran and other Iranian cities as ‘restricted’, which has caused the country’s financial markets to gain after weeks of fears about a Zionist response to Iran’s major missile attack on the Israeli-occupied territories.

Iranian financial markets gain despite Zionist airstrikes

Financial Markets

International cargo transit via the Iranian territory rose significantly in the seven months to late October, according to figures by the country’s customs administration (IRICA).

Cargo transit via Iran up 42% in seven months

Transportation

Iran’s President Masoud Pezeshkian criticized the imposition of illegal sanctions, warning that they have devastating impacts on international relations and obstruct countries from accessing their own financial resources.

President Pezeshkian urges shift from unipolar world

Macro Economy

The International Monetary Fund (IMF) has raised its economic growth forecast for Iran in 2024 amid signs the country is becoming increasingly immune to the economic impacts of US sanctions.

IMF revises up its 2024 economic growth forecast for Iran

Macro Economy

Afshin Shabab, an aide to Iran’s Power Generation Companies Syndicate, has said that some 5 billion cubic meters of gas and 8 billion kilowatts of electricity are being annually wasted in Iran.

An annual 5 bcm of gas is being wasted in Iran

Energy

National currencies are being used in more than 96% of mutual payments between Russia and Iran, the Kremlin’s press service said on the verge of the meeting between presidents of the two countries to be held on the sidelines of the BRICS Summit in Kazan.

Iran, Russia settle 96% of bilateral payments in local currencies: Kremlin

Trade

Representatives from the Iranian and Tanzanian chambers of commerce have signed a memorandum of understanding to form a joint committee of commerce.

Iran, Tanzania sign MoU to launch joint committee of commerce

Iran Chamber

Iranian President Masoud Pezeshkian presented a $182.6 billion budget bill for the country’s next fiscal year to the Parliament on Tuesday.

Iran president presents next year budget bill to parliament

Macro Economy

Samad Hassanzadeh, president of Iran’s Chamber of Commerce, has warned that the country’s industrial sector faces a continued contraction, as reflected in Iran’s PMI report, raising concerns about further capital flight if the trend persists.

‘Contraction in industry, alarming for Iranian economy’

Iran Chamber

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