Some 8% of Iran’s exports to Iraqi Kurdistan reroutes to Syria: Businessman

A significant part of Iran’s exports shipments sent to neighboring Iraq ends up in Syria, says Keyvan Kashefi, who chairs the Iran-Syria Joint Chamber of Commerce.

Iran opens crude export terminal outside Strait of Hormuz

Iran has inaugurated its new crude oil export terminal on the Sea of Oman, a project hailed by President Hassan Rouhani as a historic achievement which could prove vital in the country’s energy future.

Iran’s PMI indicates blackouts, raw materials supply as growth obstacles

Recurring blackouts and constraints in the supply of raw materials hampered business activity in Iran during the calendar month of Khordad (May 22 - June 21), according purchasing managers’ index (PMI) data released by the Iran Chamber of Commerce.

Iran uses released funds in South Korea to settle debts to 40 companies

A South Korean newspaper report says funds belonging to Iran and frozen in two bank accounts in the country have been used to pay back debts to dozens of companies who had exported goods and services to Iran before the country came under US sanctions in 2018.

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Armenian deputy minister of economic development visits ICCIMA

Armenian Deputy Minister of Economic Development and Investments Varos Simonyan visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and held talks with Gholam Hossein Shafei, president of the ICCIMA.

Iran private sector to send delegation to Syria for talks on cement export

Iran-Syria Joint Chamber of Commerce is going to send a business delegation to Damascus for holding talks on export of Iranian cement to Syria.

Iran pumps one billion cubic meters of gas per day from South Pars

Iran has recovered nearly 13% of the total gas reserves in its side of the world’s largest gas field in the Persian Gulf, says its top oil and gas development company, as the country boasts of a major success at a time of brutal US sanctions on its oil and gas industry.

Trade halted in two border crossings between Iran, Afghanistan

Iran’s customs office IRICA has urged businesses not to send export shipments to two main border crossings with Afghanistan after reports showed that Taliban insurgents had occupied facilities on the other side of the border.

Iran reduces electricity supply to industries to tackle power shortage

The Iranian government has decided to significantly reduce electricity supplies to industries as it struggles to minimize power outages in large cities during the current summer heat wave.

Iran blames crypto mining for blackouts

Head of Iran’s state electricity company Tavanir has blamed a fresh surge in illegal crypto mining activity in the country as a main cause of shortage in power supplies during hot summer days.