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Iran Chamber Newsroom

Iran’s monthly PMI reports milder decline

Iran’s Chamber of Commerce has released the country’s new PMI data for the fiscal month of Azar (November 23 – December 21) which is below the threshold for a second consecutive month but has declined with a lower slope compared with the preceding month.

Macro Economy

Iran-Japan Joint Chamber of Commerce set to be launched soon

The board members of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) have approved the permit for the launch of Iran-Japan Joint Chamber of Commerce.

Joint Chambers

Iran private sector to open trade center in Brazil

Fakhreddin Amerian, the head of Iran-Brazil Joint Chamber of Commerce said on Wednesday that Iran and Brazil have made the agreements for launching an Iranian trade center in the Latin American country.

Joint Chambers

Iran reports 6.6% rise in manufacturing activity in H1

Central Bank of Iran (CBI) figures show manufacturing activity in the country rose by 6.6% in the two quarters to late September last year compared to the same period in 2021.

Mine and Industry

Interest rates in Iran rise to all time high of 25%

Some state banks have started offering higher interest rates on deposits even though the Central Bank of Iran has not yet approved the increase, media reports in Tehran said Monday.

Financial Markets

Iran’s import of animal feed down 26% YOY

A total of 9.91 million tons of livestock feed were imported into Iran during the first nine months of the current Iranian year (March 21-Dec. 21), registering a 26% fall compared with last year’s similar period.

Agriculture and Environment

German trade limits on Iran not to harm ongoing economic exchanges: Senior businessman

A recent measure by the German government to limit business with Iran involves the removal of trade incentives that has no significant role in bilateral relations and is not expected to harm economic ties between the two countries, according to a businessperson with the knowledge of the matter.

Trade

IMF expects Iran’s economy to grow by 2% in 2023

Based on the IMF data, Iran’s Gross Domestic Product (GDP) based on the purchasing power index will grow by $91 billion or two percent in 2023 to reach $1.7 trillion.

Macro Economy

Oman welcomes joint investment with Iran on renewable energies

Rashid Al-Ghilani, Oman’s Chargé d’affaires in Tehran, has said that his country welcomes joint investment in Iran’s renewable energy sector.

Trade

Health officials confirm Iran being hit by new COVID wave

Iranian Health Ministry officials have said that as three cases of infection to new Omicron sub-variants – namely XBB and BQ1 – have been registered in Iran, the eighth wave of the coronavirus disease (COVID-19) has begun in the country, IRNA official news agency reported.

Society Economy

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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