Iran Chamber Newsroom

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 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