Iran Chamber Newsroom

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

China seeks stronger trade ties with Iran: Ambassador

Chinese Ambassador to Iran Cong Peiwu reaffirmed China’s commitment to strengthening trade relations with Iran across all sectors.

Trade

Iran plans to adjust subsidized exchange rate based on inflation in next year budget

Iran’s government has proposed adjusting the subsidized exchange rate based on inflation for the upcoming fiscal year, a move aimed at aligning currency policy with economic realities, a senior lawmaker said.

Iran Economy

Iran government, private sector urged to carry out their ‘historic’ responsibility

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh, highlighted the significant responsibilities shouldered by both Iran’s government and private sector during what he described as a “historic moment” for the country.

Iran Chamber

Iran’s saffron output expected to hit 400 tons this year: Official

Iran is expected to produce some 350 to 400 tons of saffron this year, according to a senior official with the Ministry of Agricultural Jihad.

Agriculture and Environment