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Iran Chamber Newsroom

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 seeks CIS approval for rail access to expand cargo transit

Iran is pushing for approval from the Commonwealth of Independent States (CIS) Rail Transport Council to allow its rail wagons to operate across the bloc’s extensive rail network.

Transportation

Iran government settles wheat debt amid record harvest

The Iranian government has paid off its debts to domestic farmers for this year’s wheat purchases amid a bumper crop that has made the country self-sufficient in the grain.

Agriculture and Environment

Iran’s economy minister pledges action to normalize Iran’s status with FATF

Iran’s Economy Minister, Abdolnaser Hemmati, announced that necessary steps are being taken to suspend the Financial Action Task Force’s (FATF) measures against Iran. He stated that the Ministry of Economic Affairs is following up on essential actions to lift restrictions, aiming to protect national interests.

Iran Economy

Iran increases gasoline output to cut reliance on imports

In line with efforts to reduce its reliance on gasoline imports, Iran has increased its daily gasoline output by 8.5 million liters over the past two and a half months, according to a senior Oil Ministry official.

Energy

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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