Iran Chamber Newsroom

Iran unveils upbeat budget despite US sanctions

The bill defies unilateral US sanctions and goes against forecasts the economy will shrink next year.

Financial Markets

Iran’s Golestan province exports hit $200m in 9 months

The province is located on the southern shores of the Caspean Sea and shares border with Turkmenistan, one of the main markets for the Iranian goods.

Trade

Indian firm takes over operations at Iran Chabahar Port

India is keen on open another route to its vital Afghan marke and that goes through Irans southwestern Chabahar Port[ a key and strategic transit road that bypasses Pakistan and paves the way for a faster development of Afghanistan.

Transportation

‘Swiss payment channel with Iran could be in place by mid-January’

European countries have been trying to create a legal financial mechanism to keep up trade with Iran after Donald Trump Administration withdrew the US from the 2015 nuclear deal in May.

Trade

Iran agro exports set record high of $4.5bn

Iraq and Afghanistan are the top destinations of Iranian food products as Tehran seeks to bolster its regional economic ties. Germany is Iran’s only European market.

Agriculture and Environment

Iran private sector urges Tehran-Ankara barter trade

Iran Chamber of Commerce President has urged Tehran and Ankara to set up barter trade to further expand bilateral economic relations.

Trade

Iran Qanat-based saffron farming declared Globally Important Agricultural Heritage

Three unique agricultural production systems across Iran have been registered as Globally Important Agricultural Heritage Systems (GIAHS), an initiative by the FAO to preserve these sites around the world.

Agriculture and Environment

Iran private firms to build offshore vessels for Persian Gulf oil operations

In a bid to reduce its dependency on foreign companies and consequently offset sanctions, Iran has been able to reduce by 60% the number of foreign vessels that have been used in the countrys oil operations.

Energy

Qatar to produce red meat in Iran’s Bushehr

Qatar has been eagerly expanding ties with Iran after its neighbors imposed economic sanctions and cut bilateral relations. Iran has been exporting much of the necessary commodities to the Persian Gulf country through the southern Port of Bushehr.

Trade

Iran seeks to preserve water, increase agricultural production

With water resources shrinking day by day, Iran has been aiming to increase its domestic production while it keeps the same amount of water used to cultivate plants.

Agriculture and Environment