Iran keeps subsidies for import of wheat, medicines until March

The government may decide to remove certain commodities from the list of imports entitled to subsidized dollar at the rate of 42,000 rials, but it is certain that wheat and medicines will remain in the list until the end of the current fiscal year (March 2022), says the head of parliament’s Budget Reform Committee, Mohsen Zanganeh.

Iran Chamber chief says Iran, Indonesia economies complement each other

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei said that the economies of Iran and Indonesia complement each other, underlining the need for further cooperation between the two countries.

Iran urged to use Halal food capacity to boost tourism industry

Iran’s Halal food capacity, which can attract a potential 1.5 billion Muslims across the world has been neglected, according to Chairman of Tourism Commission of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Ali-Akbar Abdolmaleki.

Portuguese companies eager to resume ties with Iran: Ambassador

Portuguese companies are waiting for the removal of sanctions on Tehran to return to the Iranian market, according to Portuguese Ambassador to Iran Carlos Costa Neves.

Iran private sector seeking joint cooperation with China in Afghan mines

Ebrahim Jamili, head of Mine and Mining Industries Commission of Iran Chamber of Commerce, said on Tuesday that the ground is prepared for Iran’s activity in Afghanistan mining sector, noting that Iran welcomes cooperation with China in this regard.

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Portuguese ambassador to Tehran visits Iran Chamber of Commerce

Portugal’s ambassador to Tehran Carlos Costa Neves visits Iran Chamber of Commerce, Industries, Mines, and Trade (ICCIMA) where he met with ICCIMA President Gholam Hossein Shafei on November 16, 2021.

Iran may lose 50% of power plant capacity due to shortage of water

Mohammad Ali Pouramiri, a member of Iran Renewable Energy Association, said on Tuesday that Iran has developmental plans for its power plants but the country may lose 50% of its power plant capacity due to the shortage of water for steam cycle sector.

Iran-Uzbekistan trade expected to hit $2 billion

Mohammad Reza Karbasi, the deputy for international affairs of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), has expressed hope that trade between Iran and Uzbekistan will reach $2 billion by the end of 2022.

Iran, Kyrgyzstan discuss expansion of trade, transport ties

Kyrgyzstan’s Minister of Economy and Commerce Daniyar Amangeldiev, who is on a visit to Tehran, met with Iranian Minister of Finance and Economic Affairs Ehsan Khandouzi in which they explored ways to expand bilateral trade and transport relations.

Iran’s imports of essential goods up 63% YOY

Iran has imported some 18.8 million tons worth $11.5 billion worth of essential goods in a nearly seven month period (March 22 – November 1) which shows a 63% rise in value terms in comparison to the corresponding period of the preceding year, according to a report by Iran Customs Administration (IRICA).