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Iran Chamber Newsroom

Iran shuts down businesses in 43 counties excluding Tehran

Iran’s National Coronavirus Taskforce shut down non-essential businesses in 43 counties with extremely high Covid-19 transmission rates for one week to slow the spread of a third wave of infections.

Society Economy

US announces new sanctions against Iran, targets Oil Minister Zangeneh

The administration of US President Donald Trump has imposed a fresh round of sanctions on a number of Iranian individuals and entities affiliated with the Islamic Republic’s oil sector, including Minister of Oil Bijan Zangeneh.

Energy

Iran sanctions won’t hit Chabahar, US reassures India

An Indian newspaper says the United States has offered fresh assurances to India that its involvement in the Iranian port of Chabahar would not be affected by Washington’s sanctions on Iran.

Transportation

Iran to use cryptocurrencies to fund imports, bypass US sanctions

The Iranian government has amended its regulations on cryptocuurencies to allow them be exclusively used for funding imports at a time of increased pressure on the country’s normal use of hard currencies.

Financial Markets

Iran resumes flights to 5 European countries

Iran’s national flag carrier Iran Air says it has resumed scheduled flights to five European countries which had been suspended over the past seven months due to the spread of the deadly coronavirus pandemic.

Transportation

Iran private sector opens trade center in Damascus, aims at $1bn export to Syria

Iran Chamber of Commerce, Industries, Mines and Agriculture has opened a trade center in Damascus with the aim of boosting exports to Syria.

Joint Chambers

Iran Air to resume Tehran-Cologne flights from October 30

Iran’s national flag carrier, Iran Air, will resume roundtrip Tehran-Cologne flights from October 30 after a seven-month halt that was caused by the spread of the coronavirus pandemic in Iran and the European country.

Transportation

Iran’s home appliances exports over $139 million in 5 months

Iran has exported 99,000 metric tons of home appliances worth of over $139 million in the first five months of the current calendar year.

Trade

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 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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