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Iran Chamber Newsroom

Iran-Turkey trade back on track after border reopenings

Bilateral trade between Iran and Turkey in June 2020 has reached $181.17 million indicating a 210.91% rise in comparison with May as the two neighbors have reopened borders for trade.

Trade

Tehran, Seoul agree to launch working group on humanitarian trade

South Korea and Iran have agreed to launch a working group on expanding humanitarian trade as part of efforts to maintain bilateral partnership within the scope of a US-approved sanctions exemption, a source close to the matter said.

Trade

Iran announces PCR test mandatory for inbound passengers from Aug 5

Iranian authorities have made presenting a negative COVID-19 polymerase chain reaction (PCR) test compulsory for all inbound flight passengers in Tehran from August 5. The PCR test results are required to be dated within 96 hours of arrival

Transportation

Iran to sue South Korean banks for non-payment

Iran is taking a legal action to force South Korean banks to give Iran access to billions of dollars frozen under U.S. pressure, the Iranian Foreign Ministry announced on Saturday.

Trade

Iran’s COVID-19 cases surpass 300,000

The total number of COVID-19 cases in Iran has crossed the major threshold of 300,000 as 26 of the country’s 31 provinces are announced either on red alert, or in an alarming state.

Society Economy

Iran bans export of medical grade oxygen amid new coronavirus surge

Iran’s customs administration has imposed a ban on exports of medical grade bulk oxygen and other gases needed in hospitals to deal with a new surge in the coronavirus pandemic.

Trade

Iran limits cash withdrawals from banks to prevent money laundering, inflation

The Central Bank of Iran (CBI) has imposed a cap on withdrawal of cash from banks amid toughening of rules on money laundering and also efforts to contain inflation.

Macro Economy

Tourism key component of 25-year Sino-Iranian strategic pact

An Iranian official says enhancing cooperation and investments in the tourism sector is a key component of the 25-year partnership agreement which Tehran and Beijing are working to finalize.

Modern Enterprise

Air traffic in Iran declines over 50% in 3 months

Iran Airports Company has registered a total of 44,918 takeoffs and landings during the first quarter of the current Iranian year (March 20-June 20) to register a 51% decline compared with the similar period of last year. Over 4 million passengers were transported during the period, indicating a 64% YOY decline.

Transportation

UK embassy in Tehran reopens visa office after 11 years

The British embassy in Tehran announced on twitter that it has resumed issuing visa for Iranian citizens 10 years after the embassy shut down its visa office.

Society Economy

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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