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Iran Chamber Newsroom

Iran’s President Rouhani to attend two Asian summits

Hassan Rouhani is set to take part in the Shanghai Cooperation Organisation and Conference on Interaction and Confidence Building Measures in Asia that will be held in Bishkek and Dushanbe.

Macro Economy

Iran to develop third petchem hub in Persian Gulf in blow to US sanctions

The move comes a few days after the US levied sanctioned on Iran’s petrochemical sector. The third hub is about to increase Iran’s petrochemical production by 15 million tons.

Energy

ICCIMA urges Caspian Sea states to join Chinese New Silk Road

Gholam Hossein Shafei, who presides over the Iranian private sector parliament says revival of this ancient trade corridor is the most important event that is happening in the region and world, saying Caspian Sea littoral countries need to joint that road faster.

Trade

INSTEX President Per Fischer in Iran for talks on Iran-Europe trade

Per Fischer, the former German banker who has been appointed to run the European special payment channel INSTEX, has arrived in Iran for a second time in a bid to iron out the details of the financial mechanism.

Financial Markets

Iranian parliament passes FTA with Eurasian Economic Union

The Iranian lawmakers have voted in favour of the bill that allows Tehran’s entrance into a Free Trade Zone (FTZ) with the five-member council, Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.

Trade

Iranian parliamentary delegation asks Finland to join INSTEX

Parvaneh Mafi, a lawmaker from the Iranian capital Tehran, has held high-level talks with Finnish officials on a wide range of issues, especially economic. She says Helsinki should be a shareholder in INSTEX.

Trade

Iran sells 1,085,000 barrels of oil on IRENEX since last November

Light and heavy crude have been the only oil Iran has been able to sell on the exchange market since last November.

Energy

Indian rice, soya exporters to Iran call for payment guidelines as contracts shrink

Indian companies, engaged in exporting rice and soyabean meals to Iran are requesting that Indian government come up with special guidelines about how to clear payments from Iran.

Trade

Iran-Eurasia Economic Union FTA expected to enter into force this summer: Armenia

A Free Trade Agreement between Iran and the five member states of the Eurasian Economic Union, that is Russia, Belarus, Kazakhstan, Kyrgyzstan, Armenia, will allow Tehran to engage in trade exchanges with Central Asia and the Caucasus.

Trade

US sanctions on Iran petrochemical sector mere propaganda: Analysts

Analysts and officials say such punitive measures are no concern for Iran, because clients of the Iranian petrochemical companies won’t abide by the sanctions.

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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