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Iran Chamber Newsroom

Iran-Armenia trade tops $100m in Q1 2020

The commercial exchange between Iran and Armenia between January and April 2020 stood at $101.06 million to register a 0.37% decline compared to the corresponding period in 2019.

Trade

World Banks forecasts positive growth for Iran’s economy in 2021

The World Bank expects Iran’s economy to bounce back to growth in 2021 with 2.1% in GDP expansion after having experienced an estimated 5.3% contraction this year.

Macro Economy

Rouhani urges push to release Iran assets in foreign banks

President Hassan Rouhani has urged the Central Bank of Iran (CBI) to continue following up on the release of the country’s frozen assets in foreign banks.

Trade

Iran’s domestic air travel declines 73% amid coronavirus

Iran registered a total of 23,223 takeoffs and landings during the first two months of the current Iranian year (March 20-May 20), which indicates a 62% decline compared with the similar period of last year. More than 2.02 million passengers were also transported during the same period, indicating a 73% YOY decline.

Transportation

Iran-Iraq border reopened for trade

Mehran crossing on the border with Iraq was reopened on Monday for the trade between Iran and Iraq to be resumed. The crossing would be open on Sundays and Wednesdays allowing 500 trucks to move weekly.

Trade

Iran’s wheat production expected to exceed 14m tons

Iran’s Agriculture Ministry says it is expecting wheat production to exceed 14 million tons this year.

Agriculture and Environment

Iran opens first phase of 480 MW power plant

Iran has launched a first phase of a major power plant in the country’s main hub for producing natural gas.

Energy

Iran’s exports to Afghanistan top $340m in 2 months

Iran exported 1.06 million tons of commodities worth of $341 million to Afghanistan during the first two months of the current Iranian year (March 20-May 20), data released by Iran Customs Administration shows.

Trade

Iran, Turkey fully activate Bazargan border for trade

After three months of closure of the key border crossing of Bazargan in the northwest of Iran over COVID-19 pandemic, Iran and Turkey reopened the gate for trade exchanges. 150 Iranian trucks and 36 Turkish trucks have passed through the border on the first day of the reopening.

Trade

Fifth Iranian fuel tanker docks in Venezuelan port

The fifth and last tanker in a flotilla of ships carrying Iranian fuel has entered Venezuela’s state oil company Petroleos de Venezuela (PDVSA)’s El Palito refining facility.

Energy

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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