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Iran Chamber Newsroom

Iran pushes for IMF $5 billion loan to fight coronavirus

President Hassan Rouhani has warned the International Monetary Fund (IMF) to consider Iran’s request for a $5-billion loan without “discrimination” after reports said the US was seeking to block the loan.

Macro Economy

Iran’s government withdraws EUR 1 billion from national reserve to fight virus

Iran’s supreme leader on Monday approved withdrawal of EUR 1 billion from the country’s sovereign wealth fund to support a healthcare system overstretched by a major coronavirus outbreak.

Society Economy

European businesses fully support humanitarian assistance to Iran: Eurochambres president

President of the Association of European Chambers of Commerce and Industry (Eurochambres) says that the European businesses fully support past and current EU efforts to provide humanitarian assistance to Iran and will continue to do so.

Iran Chamber

Iran saffron prices collapse to lowest level in decades amid coronavirus outbreak

The price of the Iranian saffron has stumbled to historical lows of $400-500 per kilogram as the new coronavirus pandemic hits major customers in Europe.

Agriculture and Environment

Iranian trucks stranded in Europe, en route to home

Iran’s Roads Maintenance and Transport Organization has announced that 26 trucks and their Iranian drivers are en route to home after being stranded at the borders of Italy, Romania, Bulgaria and Turkey.

Transportation

Europe’s INSTEX finally makes first deal with Iran

Germany’s foreign ministry has said that the system that was set up by Britain, France and Germany to enable trade with Iran, dubbed INSTEX, finally concluded its first transaction, facilitating the export of medical goods.

Trade

Iran unveils its second coronavirus test kit

A week after the first Iranian coronavirus test kit was unveiled by a private firm, a biomedicine company affiliated with the Iranian Defense Ministry has provided another test kit which is able to determine the disease in three hours.

Society Economy

Iran allocates 20% of state budget to virus fight

President Hassan Rouhani announced that his government has allocated 20 percent of its budget for the new Persian year of 1399 to countering the new coronavirus pandemic.

Macro Economy

Iran approves $5bn cheap loans plan to support businesses amid coronavirus pandemic

The Central Bank of Iran (CBI) has approved emergency funding worth nearly $5 billion to offer cheap loans to businesses hit by the new coronavirus pandemic.

Macro Economy

Iran brings on line fourth gas rig at Phase 14 of South Pars, expands production to over 700 mcm/d

Iran has started pumping natural gas from fourth rig at Phase 14 of South Pars in the Persian Gulf to bring production from the gas field to over 700 mcm per day.

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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