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Iran Chamber Newsroom

Iran’s central bank urges US to lift sanctions

The governor of the Central Bank of Iran (CBI), Abdolnasser Hemmati, said Sunday that the United States should remove banking sanctions against the Islamic republic, state TV reported.

Macro Economy

Iran dispatches drilling rig to northern Moghan Plain

The National Iranian Oil Company (NIOC) is dispatching one of its main drilling rigs to a northern region as it prepares to finally pump crude from oilfields located near the border with Azerbaijan.

Energy

Iran to repatriate citizens stuck in India

The Iranian civil aviation authority (CAO) says it is waiting for a permission from the Iranian health ministry to hold an emergency flight to India to evacuate Iranian nationals from the country amid a serious outbreak of the coronavirus.

Transportation

Iran imports 12,000 tons of paper in a month

A total of 12,000 tons of paper pulp worth $10.2 million were imported to Iran in the first month of the current Iranian year (March 21-April 20), indicating an increase of 55% and 89% in weight and value, respectively, compared with last year’s corresponding period.

Trade

Iran’s annual non-oil trade at $73.9 billion, marks 10-year low

Iran’s foreign trade, excluding crude oil, declined to a 10-year low in the fiscal 2020-21.

Trade

Iran doubles number of free trade zones to 14

Iran has doubled the number of its free trade zones (FTZs) to 14 as the country plans to significantly increase the amount of trade with other countries in a bid to diversify the economy away from oil revenues.

Trade

Domestic investor to build new terminal at Imam Khomeini Airport (IKA)

Iran will soon sign the contract to build a new terminal at the Imam Khomeini Airport (IKA) in Tehran to handle 25 million passengers a year, an official says.

Transportation

Central Bank of Iran pledges $4.5 billion in cheap loans to SMEs

Central Bank of Iran (CBI) has pledged to provide cheap loans worth $4.5 billion to small and medium-sized enterprises (SMEs) in the fiscal year to March as the government seeks to help the SMEs gain a better share of the business and economic activity in the country.

Mine and Industry

Iran gov’t increases guaranteed purchase prices for tea by 45%

Iranian government has set its guaranteed purchase price for tea at 66,900 rials ($0.3) for top-quality tea leaves and 47,810 rials ($0.2) for other varieties in this year’s harvest, both showing a 45% increase compared with last year’s prices, according to the head of Iran Tea Organization.

Agriculture and Environment

Iran receives its largest Covid-19 vaccine shipment

The Iranian Red Crescent Society (IRCS) on Sunday imported the largest cargo of Covid-19 vaccines to the country.

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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