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Iran Chamber Newsroom

INSTEX will provide opportunities for British firms to engage with Iran: UK Commissioner

Simon Penney, the British government’s Trade Commissioner for the Middle East, Afghanistan and Pakistan has said in talks with Hossein Selahvarzi, Vice President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) that European financial mechanism can facilitate trade with Iran.

Video

Iran, the one country in region British firms keen on doing business with: UK commissioner

Simon Penney, the most senior British trade commissioner is in Iran in a bid to see for himself trade and business opportunities with for UK-based companies in Iran. He reiterated that British firms are very keen on developing their business ties with Iran from all the countries in the region.

Trade

Most senior UK trade figure in Middle East visits Iran Chamber of Commerce

Simon Penny, the British government’s Trade Commissioner for the Middle East, Afghanistan and Pakistan holds talks with Hossein Selahvarzi, Vice President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on INSTEX and Brexit.

Photo Gallery

High-level European delegation to visit Iran to hammer out INSTEX

INSTEX, whose creation was announced on the last day of January, can function when there is a similar company in Iran that will be supervised by the Central Bank of Iran. Now, a high-level European delegation is set to travel to Iran to hold talks on details.

Trade

Iran-Eurasian Economic Union FTA inches closer to final approval

Since the ratification of Iran’s accession to a free trade zone with the Eurasian Economic Union in May 2017, the Iranian government prepared a bill to be debated by parliament about the zone’s creation. Now, the bill is moving closer to be finally ratified by the end of the current Persian year (21 March).

Trade

Private sector election day: Iran local chambers elected their representatives

For the first time in the history of the last eight elections of Iran’s private sector parliament, voting was held electronically. The Coalition for Future won all the 40 seats up for grabs at Tehran Chamber of Commerce while A Chamber for All Coalition won the majority of seats in local chambers of commerce.

Local Chambers

Iran plans to reconstruct Iraq electric power industry in next 3 years: Minister

As Iraq is looking to rebuild after eight years of occupation and war, Iran is also taking measures to get a bigger share of the neighbouring country’s reconstruction market.

Energy

Iran to merge banks owned by military institutions into Bank Sepah

The banks and financial institutions were created in a bid to have control over their benefits and expenditures, breaking away from the oldest lender Bank Sepah. However, the government is trying to cut armed forces’ role in economic activities.

Financial Markets

Local chambers of commerce elections kick off in Iran

Members of all 34 chambers of commerce across Iran are taking to the polls to elect 535 members that will make up the ninth parliament of private sector.

Local Chambers

Asia’s crude oil imports from Iran to redouble in February

Unilateral US sanctions on Iran have targeted Iranian oil sales that have caused some dips in the country’s crude purchase. But with countries such as Japan and South Korea restarting importing Iranian crude, the purchase is set to rebound in this month.

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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