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Iran Chamber Newsroom

Iran’s economy minister vows surge in exports

Iran’s Minister of Economy Abdolnaser Hemmati has said that the government will address concerns regarding forex rates in the near future which he believed would lead to a surge in the country’s exports.

Trade

Official puts Iran’s daily gas output at 800 mcm

Managing General of the National Iranian Gas Company (NIGC) Saeed Tavakkoli has said that Iran is currently producing as much as 800 million cubic meters of natural gas.

Energy

Iran’s non-oil exports grow 14.7% in seven months

The value of Iran’s non-oil exports has registered an increase of 14.7% in the seven calendar months to late October, according to a recent report by the country’s customs administration (IRICA).

Trade

Iran, Russia connect payment systems

The Central Bank of Iran (CBI) says Russia’s Mir payment network has been connected to Iran’s Shetab banking system, a move that takes place in line with boosting financial cooperation between the two neighboring countries.

Financial Markets

Iran gov’t urged to expand private sector’s role in trade with Iraq

The president of Iran Chamber of Commerce has highlighted the vast potential in Iraq’s market and stressed the need for increased participation from Iran’s private sector to strengthen economic ties with the neighboring country.

Iran Chamber

Iran’s auto output up 26.5% MoM in September-October

Based on a report by the Research Center of the Iranian Parliament, the country’s auto output in the calendar month to October 21 has registered a 26.5% growth in comparison to that of the preceding year.

Mine and Industry

Iran private sector representative to attend COP29

Representatives from Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) are due to participate in the 2024 United Nations Climate Change Conference – known as COP29 – in Baku, Azerbaijan.

Iran Chamber

Iran reports uptick in PMI after five months of contraction

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has released the country’s new PMI data for the fiscal month of Mehr (September 22 – October 21, 2024), which has improved compared to the contractions reported over the past five months.

Macro Economy

Iran’s president orders removal of barriers for private investors in power sector

Iran’s President Masoud Pezeshkian instructed officials on Saturday to swiftly eliminate obstacles hindering private sector investment in the electricity industry, aiming to address power shortages ahead of the peak demand season.

Mine and Industry

“Political de-escalation to help boost Iranian exports”

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh has highlighted the need for Iranian officials to exercise political de-escalation as the first step to help boost non-oil exports.

Iran Chamber

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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