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Iran Chamber Newsroom

Iran’s annual gas export up 26%

The National Iranian Gas Company (NIGC) says its exports of natural gas surged by more than a quarter in the calendar year ending March 2020.

Energy

Iran’s strategic oil pipeline bypassing Strait of Hormuz to be launched early 2021

Iran has officially launched a $1.8 billion oil pipeline project which will provide the country with an alternative route for crude oil exports that are currently transferred through the Strait of Hormuz.

Energy

JCPOA must be preserved: Guterres

United Nations secretary-general has called for the exhaustion of all possible means to prevent the “destruction” of the historic 2015 nuclear agreement between Iran and world powers.

Macro Economy

Iran, Turkmenistan resume railway trade after 100 days

Iran and Turkmenistan resumed trade exchanges via railroad through Inche Borun border in Golestan province late on Tuesday after100 days of hiatus due to the COVID-19 restrictions.

Trade

Forex market shock temporary: Rouhani

Iranian President Hassan Rouhani says the return of foreign currency incomes will balance the foreign exchange market. The rial has hit rock bottom in the past month, collapsing even below the 190,000 rate it fell to in the wake of the US decision in 2018 to withdraw from the Iran nuclear deal and reimpose sanctions.

Financial Markets

Afghanistan’s Ghazanfar Bank to open branch in Chabahar

The head of Iran-Afghanistan Joint Chamber of Commerce says Afghanistan’s Ghazanfar Bank will open branch in Iran’s southeastern port of Chabahar soon.

Trade

Iran Air to launch roundtrip Tehran-Manchester flights

Iran Air will launch roundtrip Tehran-Manchester flights, with the maiden flight taking place on July 4.

Transportation

Iran, Armenia fully activate Nordooz border crossing

Armenia’s State Revenue Committee (SRC) has announced that restrictions at the country’s main border crossing with Iran has been lifted nearly four months after they were introduced to contain the coronavirus pandemic.

Trade

Mirjaveh-Taftan crossing reopened at Iran-Pakistan border

Iran and Pakistan fully reopened Mirjaveh-Taftan border to facilitate bilateral trade after it was temporarily closed due to the outbreak of the coronavirus.

Trade

PMI indicates significant improvement in Iran’s industries

Iranian industries are seeing significant improvement in their latest indices from purchasing manager surveys after steep declines earlier in the current fiscal year (started March 20).

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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