Iran Chamber Newsroom

Austrian companies ready to trade with Iran within INSTEX: envoy

After the nuclear deal was signed and ratified in 2015, many European businesses jumped to seize the opportunity to engage in commercial activities with Iran. But, restored US sanctions torpedoed their cooperation. Now, with European financial channel in place, they are eager to resume trade.

Trade

4th round of oil sales on internal exchange market: Iran issues statement in English

First and second rounds saw anonymous clients buy nearly a million barrels. But, there were no buyers for the third round that was held on 21 January.

Energy

Europe registers INSTEX, Iran welcomes move

The long-awaited special purpose vehicle to facilitate Iran-EU trade in the face of renewed US sanctions has officially been put in place in France. It’s waiting for a similar Iranian entity and several other factors to become operational.

Financial Markets

Iran’s MAPNA kicks off construction of 540MW Latakia power plant

The project is part of a bigger long-term strategic economic cooperation agreement between Iran and Syria that was signed in Damascus by Iran’s First Vice President Eshaq Jahangiri and Syrian Primer Minister Imad Khamis in Damascus on Monday.

Mine and Industry

Iran, Syria sign 11 agreements as part of long-term strategic econmic coop

The documents allow Iranian direct investment as well as joint ventures in a wide range of fields. The most important is a banking agreement that will further facilitate trade between the two countries.

Trade

Syrian govt. calls for Iranian investment in petrochemical companies

Syrian industry minister says such companies can provide the materials that are used in a hundred other industries which will boost economic output.

Mine and Industry

Iran private sector offers Syria direct investment, joint ventures

Eying Syria’s multi-billion-dollar reconstruction market, Iran private sector has put on table a wide range of proposals to bolster Syrian economy and breathe fresh air into the Arab country’s destroyed industry.

Trade

Syria Iran Joint Economic Committee set up in Damascus

The joint committee from the Syrian part conplements a same committee in Iran that are aimed at boosting bilateral economic relations. They lay the groundwork for the creation of a joint chamber of commerce.

Joint Chambers

Iran business building to be opened in Damascus Free Zone

The building is inside Damascus Free Zone that is only one kilometer away from the city centre.

Iran Chamber

Europe sets up Iran financial mechanism, calls it INSTEX

Germany, France and Britain say they’ve established and registered a commercial trade mechanism with Iran, called Instrument In Support of Trade Exchanges (INSTEX), that will bypass the unilateral US sanctions.

Financial Markets