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Iran’s six-month steel output down 10% due to lower electricity supply

Lower electricity supplies to Iranian steel producers caused a major decline in the output in the first half of the calendar year that started in late March, according to figures by the Iranian Steel Producers Association (ISPA).

20 October 2024 Mine and Industry

Iran eyes $20 billion annual trade with Indonesia

Iran expects its annual trade with Indonesia to increase significantly with the implementation of a Preferential Trade Agreement (PTA) that was finalized last week with an official announcement of the Iranian Presidency.

16 October 2024 Trade

Iran awards first railway infrastructure contract to private investor

Iran has awarded a first contract to the private investor for the development of its railway infrastructure amid plans to expand the country’s rail freight transport market.

14 October 2024 Transportation

Iran reports another drop in jobless rate

Iran has reported a slight fall in its unemployment rate in the quarter to late September as services, manufacturing and agriculture sectors keep performing well in the Iranian labor market.

6 October 2024 Macro Economy

Iran, Armenia sign barter trade deal

Iran and Armenia have signed a barter trade deal after opening a large Iranian trade center in the Armenian capital Yerevan.

2 October 2024 Trade

Report puts Iran’s annual imports of cooking oil at $4.3 billion

Iran’s imports of cooking oil and oil seeds reached some $4.329 billion in the calendar year to late March, according to a report which shows that the country has a long way to go to become self-sufficient in production of those commodities.

1 October 2024 Agriculture and Environment

Iran seeking to enter into payment arrangements with OIC countries

Iran is seeking to set up independent payment systems with Muslim countries to avoid sanctions that hamper regional and international trade.

1 October 2024 Financial Markets

Iran’s six-month customs revenues up 39% YOY

Iran’s customs office (IRICA) says its revenues rose significantly in the first half of the calendar year that started in late March.

28 September 2024 Iran Economy

Iran building 2,800 kilometers of new railways

A senior official in Iran’s transportation ministry says the country is building some 2,800 kilometers of new railways.

22 September 2024 Transportation

Iran’s largest petcehm company eyes 15% increase in output

Iran’s largest petrochemical company the PGPIC aims to increase its annual output by more than 15% this calendar year despite the continued pressure of US sanctions on the country’s petroleum industry.

17 September 2024 Mine and Industry

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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