Iran Chamber Newsroom

Double jeopardy of sanctions, coronavirus for Iran

In March 2020, Iran became the epicenter of the coronavirus pandemic outside China. Suddenly, Iranian leaders found themselves fighting on two separate fronts: one to save the economy from US sanctions and the other to save lives and the economy from the pandemic.

Society Economy

Iran, Russia discussing joint production of coronavirus vaccine

Iran and Russia’s Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, have been discussing the joint production of a COVID-19 vaccine, according to Iran’s ambassador to Moscow.

Society Economy

EU’s exports to Iran stand at €2.2 billion in seven months, down 11% yoy

The spread of the new coronavirus and US sanctions has hit the European Union’s exports to Iran in the first seven months of 2020 bringing their value to €2.209 billion.

Trade

Iran Air to launch new roundtrip flight route to Dubai

Iran’s flag carrier airline, Iran Air, has announced it is launching roundtrip Dubai-Lamerd-Dubai flights as of Sept. 27.

Transportation

Iran yoy inflation at 26% in September

The Statistical Center of Iran (SCI) says the country’s Consumer Price Index (CPI) had risen by 0.2 percentage point to reach 26 percent year-on-year in the calendar month ending September 21.

Macro Economy

Drivers account for majority of coronavirus loan applicants in Iran

Public transportation operators, educational centers and beauty salons account for majority of applications submitted for the government-backed coronavirus bailout loans, Iran’s Ministry of Cooperatives, Labor and Social Welfare has announced.

Society Economy

Iran Air to resume Tehran-Istanbul flights from September 25

Iran Air has announced in a statement that flights to Istanbul would resume as of September 25 with Flight 719 from Tehran’s Imam Khomeini Airport to Istanbul.

Transportation

Iran prepares 14 million flu shots amid coronavirus outbreak

The Iranian health ministry is preparing 14 million flu vaccine doses as part of its efforts to head off complications that might impact the healthcare system in the country in the autumn and winter if people simultaneously contract the flu and the COVID-19, the disease caused by the new coronavirus.

Society Economy

Iran to link power grid to Russia, Azerbaijan

Iran, Russia and Azerbaijan are close to starting works on a project to link their power systems, shows a report, as Tehran seeks greater access to regional energy markets to export its surplus electricity.

Energy

Flights over Iran airspace gradually increasing

Iran Airports Company registered 8,431 overflights during the month ending Aug. 21, which indicate a 15.57% increase compared with the previous month.

Transportation