Iran Chamber Newsroom

Iran, Iraq to open three border commercial centres

Tehran and Baghdad have been looking to augment their trade volume and consolidate their trade ties. New commercial centres will help strengthen local markets as well.

Trade

Iranian private sector opens International Rice Trade Centre & Export Terminal

The centre has been established to cut intermediaries from the production and supply chian of this widely-popular grain and find potential markets for the Iranian rice.

Trade

Tehran Chamber of Commerce cautions against undesired currency redenomination results

The idea of removing zeros from the rial has been floated several times in Iran over the past years. This may come true during the two years remaining in President Hassan Ruhani’s tenure. His government drafted a bill to this effect and sent it to the Parliament on Wednesday to be debated.

Financial Markets

Iran seeks to renovate Afghanistan’s war-ravaged infrastructure

After Iraq, Iran is setting eyes on reconstructing Afghanistan’s war-ravaged infrastructure. Iran’s shuttle diplomacy is active now. Iranian and Afghani delegations are meeting quite regularly to coordinate efforts.

Mine and Industry

Iran’s private firms call for stronger export credit guarantees to counter US sanctions

In a letter to President Hassan Rouhani, private sector representatives have called on government to give more authority to the Export Guarantee Fund of Iran with regard to issuing export guarantees, according to the EGFI chief.

Trade

Europe should pre-purchase Iran’s oil through INSTEX first: CBI chief

The governor of the Central Bank of Iran (CBI) has said that the Europeans should show their sincerity about their Instrument in Support of Trade Exchanges (INSTEX) by ordering Iran’s crude.

Financial Markets

Iran to open commercial centre in Ghana as Tehran eyes further African trade

Iran and Ghana are trying to increase their commercial exchanges as they eye closer bilateral ties. If commercial volume goes up, political relations will further be cemented. Now, Iran is set to have a permanent exhibition of its products in Accra, the capital of Ghana.

Trade

Iran set to complete its own section of Khaf-Herat railway by March 2020

The railways can give Afghanistan great access to the high sea, Central Asia, Turkey and other countries. However, it needs funding from Kabul to be completed first.

Transportation

Iran, Bangladesh seek to increase trade ties

Iran and Bangladesh are keen on increasing their bilateral trade volume, focusing on joint ventures and Iranian petrochemical exports to the Asian country.

Trade

Nicaragua eyes Iranian investment in agriculture, mines, petrochemicals and tourism

Agro-industrial exports, petrochemical, mines and tourism sectors are the main priorities of the Nicaraguan economy that need Iranian investment, according to the country’s Finance and Public Credit Minister Iván Acosta, who led a business delegation to Iran last week.

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