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Iran Chamber Newsroom

Iran disconnects crypto miners from grid amid power outages

Iran’s state electricity company Tavanir has started disconnecting legal miners of cryptocurrency from the country’s national power grid amid a record surge in electricity use that has caused brief outages in large cities.

Energy

Iran, UK private sectors eye sanctions relief, discuss trade ties

Businesses from Iran and the United Kingdom as well as UK government officials have attended meetings in the embassies of the two countries in Tehran and London to discuss potentials for increased trade and economic cooperation in the near future.

Trade

Iran, EEU annual trade at $3.4 billion

Iran and the Eurasian Economic Union member states traded 8.68 million tons of commodities worth $3.4 billion in the last Iranian year (March 2020-21), according to the head of the Islamic Republic of Iran Customs Administration.

Trade

Iran launches $1.3bn worth of petchem projects

Iranian President Hassan Rouhani has inaugurated three more petrochemical plants in the country with an investment of over $1.3 billion as he hails his government’s records in job creation and improved manufacturing activity through the expansion of the country’s petchem sector.

Energy

Iran completes strategic oil pipeline bypassing Strait of Hormuz

Following completion of a key oil export pipeline that bypasses the Strait of Hormuz, the National Iranian Oil Company will start exporting crude oil from its new terminal at Jask off the Oman Sea in June, the oil minister said.

Energy

Zarif discusses revival of Iran, Italy economic ties in Rome

Iranian Foreign Minister Mohammad Javad Zarif said on Monday that given the Vienna negotiations, it is necessary to rebuild facilities to revive economic ties with Italy.

Macro Economy

Iran ditches Indian consortium, awards giant gas field contract to local company

Iran has finally decided the fate of Farzad B, an untapped gas reserve in the Persian Gulf which is shared with Saudi Arabia, as a domestic company takes on to develop the gas field after original contractors from India failed to kick off the job.

Energy

Crypto market regulations discussed at ICCIMA meeting

Members of the Macroeconomics Commission at the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has stressed on the need for passing necessary regulations related to the exchange of cryptocurrencies in the country.

Commissions

Iran reports 10,145 new coronavirus cases, 2,732,152 in total

Iran reported on Friday 10,145 new COVID-19 cases, raising the country’s total infections to 2,732,152.

Society Economy

Iran, Armenia trade could reach $1b: Businessman

Chairman of Iran-Armenia Joint Chamber of Commerce Hervik Yarijanian said that once free trade zones are established at joint borders, the volume of mutual trade will reach over $1b.

Joint Chambers

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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