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Iran Chamber Newsroom

Iran Chamber of Commerce urges new ideas for economic development to overcome sanctions

The private sector’s parliament says the new Persian Year 1398 should see more fforts and new ideas to move the country faster towards economic development despite US punitive measures that have been trying to cripple Iran’s economy.

Macro Economy

Iranian leader, president call for boosting production, resistance against US sanctions

Leader Ayatollah Khamenei and President Hassan Rouhani both addressed the Iranian nation to mark the begining of the new Iranian year. Both top leaders have called on the citizens to stand together to raise production in a bid to circcumvent US sanctions.

Macro Economy

Iran registers INSTEX mirror company for trade with Europe

The move comes several days when the Central Bank of Iran had announced it would unveils the mechanism soon after INSTEX President Per Fishcer held talks with Iranian stakeholders in Tehran. The channel has been called Instrument for Finance and Trade between Iran and Europe.

Financial Markets

China, Iraq maintain top positions as Iran non-oil export markets in 11 months

Although bilateral trade between Iran and China have seen a sharp dip, the Asian power is still the first destination of Iranian non-oil exports which, according to latest reports, are petroleum-based products are petrochemicals.

Trade

Iran, Nicaragua to explore alternative financial channels to boost trade

The two countries kicked off bilateral trade ties officially back in when Foreign Minister Mohammad Javad Zarif disccussed political and economic relations with the Central American country. However, mutual trade isn’t very significant especially after the US sanctions.

Financial Markets

Iran, Bangladesh seek special payment channel to skirt dollar transactions

The South East Asian country is the world’s larges exporter of kenaf, widely used in global textile industry. However, the product’s exports to Iran have seen a sharp fall since the US reimposed sanctions on Iran last November. Two countries are looking to circumvent dollar in their financial dealings.

Financial Markets

European states want to join INSTEX: Belgian official

Belgium is one of those European countries that has expressed interest in using the recently-created financial channel to do business with Iran.

Trade

Iran opens four new phases in South Pars gas field, exceeds Qatar’s production

The four new phases at the Iranian side of the largest world gas reserve will hugely increase Iran’s gas production, exceeding that of Qatar.

Energy

French Renault could come back to Iran ’in future’

Renault could get back to business in Iran in 2020 should democrats win presidential elections and re-enter the US into the 2015 nuclear deal and remove sanctions. However, it’s hard to predict how the new US political scene will unfold next year.

Trade

Iranian carmaker SIAPA restarts production line in Syria

The Iranian carmaker has restarted its production in the Arab country as Damascus is looking to stand on its feet again following years of a devastating war. The resumption is part of Iran’s economic activities as Syria opens new chapter.

Trade

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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