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Iran Chamber Newsroom

Iran secures order against US attempt on Luxembourg funds

The Central Bank of Iran (CBI) has managed to win a court order in Luxembourg to prevent the transfer of nearly $1.7 billion worth of assets from the European country to the United States.

Macro Economy

Iran crude output up by 13.4% in April: OPEC

Iran increased its crude output by 13.4% in April compared to March, shows figures by the Organization of Petroleum Exporting countries (OPEC), as the country moves ahead with plans to offset losses suffered to production during more than three years of American sanctions targeting its oil sales.

Energy

Iran-Russia annual trade at $2.62 billion

Iran’s customs office IRICA says Russia was responsible for a bulk of trade between Iran and members of the Eurasian Economic Union (EAEU) in the year to March 20.

Trade

Iran to vaccinate 15% of population by late July

President Hassan Rouhani said some 13 million people in Iran, about 15% of the population, will be vaccinated against the coronavirus by July 22, as the country tries to combat the Middle East’s worst outbreak.

Society Economy

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

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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