Iran Chamber Newsroom

Iran’s economy minister pledges action to normalize Iran’s status with FATF

Iran’s Economy Minister, Abdolnaser Hemmati, announced that necessary steps are being taken to suspend the Financial Action Task Force’s (FATF) measures against Iran. He stated that the Ministry of Economic Affairs is following up on essential actions to lift restrictions, aiming to protect national interests.

Iran Economy

Iran increases gasoline output to cut reliance on imports

In line with efforts to reduce its reliance on gasoline imports, Iran has increased its daily gasoline output by 8.5 million liters over the past two and a half months, according to a senior Oil Ministry official.

Energy

Kish Invex 2024 kicks off to showcase Iran’s financial, investment opportunities

The 16th Exhibition of Iran’s Investment Opportunities and 11th International Exhibition on Exchange, Banking, Insurance and Privatization, known as Kish Invex 2024, opened on the country’s southern Kish Island on Monday.

Financial Markets

Iran reports 7.4% rise in gasoline consumption

Maramat Veis Karami, the CEO of the National Iranian Oil Products Distribution Company has announced a 7.4% increase in Iran’s average gasoline consumption.

Energy

Iran reports major rise in car imports

Iran has imported some 25,448 passenger cars in the seven calendar months to October 31, marking a 12-fold year-on-year increase, according to a report by the country’s customs administration (IRICA).

Mine and Industry

Iran’s six-month steel exports fall by 16% YOY

The value of Iran’s steel exports hit $3.09 billion in the first six months of the country’s calendar year (March 20 – September 21), marking a 16% drop compared to that of last year’s corresponding year.

Mine and Industry

Iran’s Central Bank Chief Farzin retained by President Pezeshkian

Mohammad Reza Farzin will stay in post as the head of Iran’s Central Bank.

Financial Markets

Iran lifts three-year ban on Apple iPhone imports

The Iranian government has decided to lift a three-year ban on imports and registration of brand-new Apple phones.

Trade

Iran, Uzbekistan set path for $5 billion trade boost

Iran and Uzbekistan have reached initial agreements to engage in preferential trade to increase their bilateral exchanges by 10 times.

Trade

Iran’s parliament approves outlines of 2025 budget bill

Iran’s parliament has approved the general outline of the national budget bill for the upcoming Iranian calendar year 1404, which begins on March 21, 2025.

Macro Economy