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Iran Chamber Newsroom

IMF expects Iran economy to shrink 5% in 2020

IMF’s October World Economic Outlook shows that Iran’s economy would shrink by 5.0 percent in 2020. The IMF report expected the country’s gross domestic product (GDP) to grow by 3.2 percent in 2021.

Macro Economy

Iran’s money in Iraq over $5 billion: CBI chief

Iran’s central bank governor Abdolnaser Hemmati says he is “hopeful” his visit to Baghdad on Monday and successful talks with Iraqi officials would enable Tehran to use more than $5 billion of its funds in the country.

Trade

Iran and Iraq reach deal to release trapped energy payments

An agreement was reached between the Central Bank of Iran, Central Bank of Iraq and the Trade Bank of Iraq to unfreeze Iran’s financial assets in the neighboring country.

Trade

Iran private sector critical of World Bank’s Doing Business report

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has criticized the World Bank for its way of examining the country’s efforts to carry out economic reforms saying that the group has accepted only one item out of eight reform measures verified by the chamber and its local branches.

Iran Chamber

KTAI corridor field study report released

The final report for the Field Studies of the Kyrgyz-Tajikistan-Afghanistan-Iran (KTAI) road corridor has been published jointly by the Economic Cooperation Organization (ECO) and the International Road Transport Union (IRU).

Transportation

Iran, China hold fresh talks on strategic partnership

Iranian Foreign Minister Mohammad Javad Zarif has hailed “fruitful” talks with his Chinese counterpart on the two countries’ strategic partnership, saying both sides oppose the US unilateralism.

Trade

US announces sanctions on 18 Iranian banks

The United States has targeted Iran’s financial sector by imposing sanctions on 18 Iranian banks, in defiance of Europe’s humanitarian objections.

Society Economy

US pressure campaign example of state terrorism: Iran’s UN envoy

The Iranian envoy to the United Nations (UN) has lambasted the so-called US maximum pressure campaign against the Islamic Republic as an “example of state terrorism” aimed at creating suffering and social unrest in the country.

Society Economy

Number of trading codes in Iran stock market tops 20 million

Statistics announced by the Central Securities Depository of Iran (CSDI) indicated that the number of trading codes in Iran’s stock market has reached 20.5 million.

Financial Markets

ECO-CCI to hold web conference on October 19

The 28th Executive Committee and the 18th General Assembly of the Economic Cooperation Organization’s Chamber of Commerce and Industry (ECO-CCI) is scheduled to hold a web conference on October 19.

Iran Chamber

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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