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Iran Chamber Newsroom

Bank Pasargad to open Mumbai branch within 3 months

The breakthrough comes after intensive Iranian-Indian negotiations aimed at unblocking financial transactions betweent the two countries following the restoration of unilateral US sanctions.

Financial Markets

ICCIMA, Confederation of Indian Industry pledge further economic cooperation

The Memorandum of Understanding paves the way to boost Iran-India trade relations as Tehrna is looking more eastward following the US withdrawal from the 2015 international nuclear deal and restoration of economic sanctions.

Trade

Iran private sector calls for specific banking channels to boost India trade

Iran Chamber of Commerce President Shafei is leading a delegation of 30 businessmen in a 3-day visit to India accompanying Foreign Minsiter Mohammad Javad Zarif. Banking relations and Chabahar Port investment are high on the agenda.

Financial Markets

India kickstarts Chabahar Port activities with 70k tons of corn

New Delhi says it will be the first time it operates a port outside its territories. The south-eastern Iranian port of Chabahr is very crucial for India to bypass Pakistan and open its way to Central Asia and Europe.

Trade

Iran to launch international stock market

An advisor to the Iran president says the plan to launch an international stock market has already been okayed by the Central Bank and an exchange regulatory body.

Financial Markets

Iran exports to Iraq worth $11bn annually

Iran has been dominating the market in Iraq as the Baghdad moves forward to rebuild the Arab country. Commodities and energy top Iraqi annual imports.

Trade

Iran private sector eyeballs trade boost in India visit

Iranian oil for India is still crucial as is New Delhi investment in Chabahar Port that adds a further leverage to the countrys regional influence, linking it to Central Asia and Europe. These are will top Iran FM Zarifs agenda in India visit where he is accompanies by a large business delegation.

Trade

Iran “ready” to double power export

Iraq, Pakistan, Afghanistan and Armenia are already imorting some part of their needed elictricity from Iran which now says can increase the export.

Energy

Sanctions cause epilepsy medication shortage

The US Treasury says the renewed economic punitive measures do not impede humanitarian aid for Iran but with less and less European banks willing to accept financial transactions with Iran, food, medicine and medical equipment imports have been disturbed.

Trade

Europe to continue work on SPV in 2019: Mogherini

It was supposed to be put into place by the end of 2018, however it did not come through. Now, the head of the continent foreign policy is promising to keep working on that this year.

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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