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Iran Chamber Newsroom

Bernd Erbel, newly-appointed INSTEX president, resigns

Erbel was set to replace former German banker Per Fischer as INSTEX president after the latter’s six-month period came to an end with no tangible results at the end.

Financial Markets

China continued Iran oil imports in July in teeth of US sanctions: Report

Iran is now relying on the Asia’s rising dragon to be a helping hand in its oil sales as the US sanctions impede foreign Iranian crude flow. The latest data show China is trying hard to prove the US can’t affect its economy.

Energy

France proposes Iran $15bn credit line to run INSTEX: Report

France has reportedly proposed Iran a credit line of $15bn to run the European payment channel with Tehran, INSTEX, as Iran threatens to reduce more of its nuclear commitments in coming weeks.

Financial Markets

Iran govt. issues cryptocurrency mining rules

After years of mulling how to regulate the digital currency mining, the Iranian government has finally recognised it as an industrial activity. Its rules and regulations say how much electricity can the miners use.

Financial Markets

Iran private sector discusses grain exchanges with Russian businessmen

Iran’s private sector representatives and members of Tehran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Sunday with a visiting Russian delegation from the Chamber of Commerce and Industry (CCI) of the Republic of North Ossetia–Alania to discuss expansion of grain trade between Iran and Russia.

Trade

Iranian goods need to be exported to Russia in wholesale network

Jalil Jalalifar, a member of Iran-Russia Joint Chamber of Commerce, says Iranian goods need to be exported to Russia in a network of wholesale market to cut down on their prices and increase their competitiveness.

Video

Zanjan Chamber of Commerce to open office in Iraqi Kurdistan Region

Zanjan Chamber of Commerce signed a Memorandum of Understanding (MoU) with Erbil Chamber of Commerce and Industry that allows setting up a branch of the Iranian local chamber in the Iraqi Kurdistan Region.

Local Chambers

Iran launches direct refrigerated container shipping line to Oman

The new line will bring to five the number of direct shipping lines between the two countries on either side of the strategic Strait of Hormuz.

Transportation

Syria’s priority is Iranian investment: Official

Iran is also trying to be the main partner in Syria’s reconstruction era. The two countries are planning to set up three joint factories on baby formula, anti-cancer pharmaceuticals and car production.

Trade

Iran sells 3,000 tons of gasoline on Energy Exchange

For the first time in the history of Iran’s oil industry since 1901, 3,000 tons of Euro-5 gasoline was sold via the international ring of Iran Energy Exchange, also known as IRENEX.

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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