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Iran Chamber Newsroom

5.7 million hectares under wheat cultivation in Iran

More than 5.7 million hectares of farmland have gone under wheat cultivation so far this year, which is 5% less than last year’s area, according to the Agriculture Ministry.

Agriculture and Environment

Over 100 companies expected to attend Iran-UAE business forum in Dubai

Over 100 Iranian and foreign companies are expected to attend an Iran-UAE business forum at Iran Trade Center in Dubai, according to Mohammad-Reza Talaei who heads the center.

Trade

Foreign investment in Iran’s major sectors hit $2.8bn in 9 months

Despite US sanctions, foreigners have committed to more than $2.8 billion in investment in manufacturing, mining and trade projects in Iran.

Mine and Industry

Tashkent’s accession to Chabahar Agreement finalizing

Tashkent’s accession to the Chabahar Agreement is nearing completion, Chairman of the newly-formed Iran-Uzbekistan Joint Chamber of Commerce Mousa Aghaei said on Saturday but provided no more details.

Trade

Russia earmarks €73 million for development of Iran’s Sirik Power Plant

The Russian Federal Treasury has allocated some €73 million to the development of Sirik Power Plant in southern Iran in 2022, according to an official familiar with the matter.

Energy

Iran-Oman trade up 73% in 10 months

Volume of trade between Iran and Oman in the first 10 months of the current Iranian calendar year (March 21, 2021 – January 20, 2022) has grown by 73% in the first 10 months of the current Iranian calendar year compared to last year’s corresponding period, according to the chairman of Iran-Oman Joint Chamber of Commerce.

Trade

Iran’s monthly PMI dips below the threshold

Iran’s new PMI data for the fiscal month of Dey (December 22, 2021 – January 20, 2022), released by the country’s Chamber of Commerce slipped below the threshold to the lowest in five months.

Macro Economy

Iran in negotiations with China, Russia for construction of new airports

Managing-General of Iran Airports Company Siavash Mokri says Iran has engaged in talks with China and Russia for constructing new airports in the country.

Transportation

Russia allocates €5 billion in loans to joint projects with Iran

Russia is granting some €5 billion in loans to joint projects with the Islamic Republic of Iran, according to an official familiar with the matter.

Macro Economy

Exports of Iranian steel products rise as imports fall

Exports by Iranian steel mills have increased some 16 to 92 percent over the first nine months of the current Iranian calendar year (March 21 – December 21, 2021) while the country’s imports of steel products fell some 3 to 14 percent during the nine-month period.

Mine and Industry

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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