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Iran, Turkmenistan to set up joint trade center

Iran and Turkmenistan will set up a major trade center that can facilitate ties between businesses in the two countries amid efforts to deepen economic relations between the two neighbors.

Trade

Iran’s MAPNA invited to start projects in Venezuela

Iran’s top energy and engineering company MAPNA has been invited by Venezuelan President Nicolas Maduro to start large-scale projects in the country.

Mine and Industry

Iran to launch major trade center in Doha

Qatar has issued a permit for Iran to launch a major trade center in the Arab country, says Iranian Energy Minister Ali Akbar Mehrabian.

Trade

US may need to allow more Iran oil to flow even without deal: Vitol

Global crude trader Vitol Group says the United States may allow more sanctioned oil from Iran onto global markets even without reaching an agreement on the revival of the 2015 deal, amid growing pressure to reduce gas prices in America.

Energy

Iranian private sector delegation in Doha for joint economic commission meeting

Iranian Energy Minister Ali Akbar Mehrabian and President of Iran Chamber of Commerce Gholam Hossein Shafei arrived in Qatar on Sunday to attend a joint economic commission regularly held between the two countries.

Trade

Turkmenistan’s gas swap to Azerbaijan through Iran to be doubled soon

Iranian Oil Minister Javad Owji says the country has reached agreements with Turkmenistan and Azerbaijan to double the amount of natural gas exchanged between the three as part of a deal reached in November.

Energy

Iran’s two-month oil revenues up over 60% YOY

An Iranian official says the country’s oil revenues have increased by more than 60% in the two months to late May compared to the similar period last year.

Energy

Iran jobless rate down slightly to 9.2% in fiscal 2021-22

Figures by the Statistical Center of Iran (SCI) show that the country’s unemployment rate dropped slightly in the year to March 20.

Macro Economy

Iran eyes barter trade of car parts, gas turbines for Russia’s steel

Iran and Russia may introduce major barter arrangements to facilitate trade between the two countries, including a plan that could allow Iran to import steel from Russia in return for exports of car parts and gas turbines to the country.

Trade

Iran plans to make locomotives in partnership with Siemens, GM

Iran plans to set up joint ventures with major global manufacturers of locomotives, including the General Electric and Siemens, as part of plans to expand its railways.

Transportation

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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