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Iran Chamber Newsroom

UAE’s Air Arabia resumes flights to Shiraz

Direct flights between the southern Iranian city of Shiraz and the Emirati city of Sharjah have resumed after a four-month gap due to the coronavirus pandemic.

Transportation

Iran’s mask production hits 2.5 million a day

The production of protective masks in Iran has surged to reach nearly 2.5 million per day amid the country’s efforts to battle against the novel coronavirus.

Mine and Industry

Iran’s trade with Kuwait sabotaged by Saudis: Businessman

Iran’s exports to Kuwait continue to suffer from Saudi Arabia’s pressures on its neighboring country, the head of Iran-Kuwait Joint Chamber of Commerce says insisting that Tehran should counter the move.

Joint Chambers

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 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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