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Iran Chamber Newsroom

Iran’s PMI rises concerns about reducing demand

Iran’s new PMI data for the fiscal month of Mordad (July 23 – August 22), released by the country’s Chamber of Commerce has given rise to concerns about a highly decreasing demand while the businesspersons are still hopeful that the situation will improve next month.

Macro Economy

Major Iranian refinery produces 20% more gasoline YOY

In the first six months of the Iranian calendar year (started on March 21), the Persian Gulf Star refinery in southern Iran produced over 20% more gasoline than that of last year’s corresponding period, according to an official with the knowledge of the issue.

Energy

Iranian automaker begins exports of two products to Armenia

Major Iranian automaker Iran Khodro Company (IKCO) has begun the exports of two products to neighboring Armenia.

Mine and Industry

Bangladesh inclined to import grapes, raisin from Iran

Bangladeshi Commercial Counselor in Tehran Julia Moin said on Tuesday that her country is eager to import grapes and raisin from northeastern Iranian province of North Khorasan.

Local Chambers

UN special rapporteur urges US to halt unilateral sanctions on Tehran

A UN special rapporteur has said that since the re-imposition of the US unilateral sanctions in 2018, general prices in Iran rose 85% and food prices doubled.

Macro Economy

Iran not concerned about decreased trade with Iraq, Afghanistan: Official

A reduction in Iran’s exports to Iraq and Afghanistan is not a source of concern and a roughly 80% of Iran’s trade is being made with its neighboring countries, said an Iranian trade official on Sunday.

Trade

Ahvaz Chamber of Commerce named WCF top chamber in August

ICC World Chambers Federation has picked Iranian provincial chamber of Ahvaz as the best chamber of commerce in August from among chambers of commerce around the world.

Local Chambers

Iran-Bangladesh joint committee on commerce to be launched in Iran Chamber of Commerce

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) said in an announcement on Sunday that it plans to form an Iran-Bangladesh joint committee on commerce in the near future.

Iran Chamber

Iran, Azerbaijan, Russia ink declaration on development of strategic corridor

A declaration on the development of the International North-South Transport Corridor (INSTC) was signed following the first Iran-Azerbaijan-Russia tripartite meeting in Baku on Friday, News.Az reports.

Transportation

US banking sanctions on Afghanistan cause 40% decline in trade with Iran

A recent report suggests that the volume of trade between Iran and Afghanistan has declined by 40% during the rule of Taliban in Kabul.

Trade

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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