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Iran starts free trade talks with EAEU in Armenia

Iran and the Eurasian Economic Union (EAEU) have started three-day talks in the Armenian capital to discuss a potential free trade deal between the two sides, the official IRNA news agency has reported.

Trade

Europe regulator ends restrictions imposed on flights over Iran

European Union Aviation Safety Agency (EASA) has dismantled a nearly two-year advisory notice that had warned against flying over Iran over safety reasons.

Transportation

Iran to maximize winter gas output to prevent shortages

Iran gas output will maximize to 940 million cubic meters (mcm) per day over the winter months to ensure households and power plants will face no shortages.

Society Economy

Iran’s shoe industry thriving with ban on imports

Iran’s shoe industry has grown rapidly in the past three years as manufacturers eye to capture a major share of the export markets in neighboring countries.

Mine and Industry

Iran’s H1 exports to Oman up 67% to $277 million

Iran saw its exports to the neighboring Oman increase by more than two thirds to a total of $277 million in the six months to September 22, according to a businessman coordinating trade between the two countries.

Trade

Iran chief banker urges swift IMF action on loan request

The newly-appointed Central Bank of Iran (CBI) Governor Ali Salehabadi has called on the IMF to speed up processing Iran’s request for loans that the country needs to tackle the economic impacts of the coronavirus pandemic.

Financial Markets

Discontinued Iranian car model selling good in Iraq

Iranian car manufacturer Saipa says its discontinued model Pride is a good seller in neighboring Iraq.

Mine and Industry

Iran’s rice imports up by 33% in H1 fiscal year

Iranian customs administration (IRICA) figures show that rice imports into the country rose by nearly a third in volume terms in the six months to September 22 amid attempts by the government to control rising prices of the domestically grown rice.

Trade

Iran posts $2.345bn trade deficit for September

Iran has posted a trade deficit of $2.345 billion for September with exports totaling $4.145 billion and imports at $6.490 billion, according to figures by the Iranian customs office (IRICA).

Trade

Iran’s new chief banker pledges tight monetary policy

Iran’s newly appointed chief banker Ali Salehabadi has vowed he would introduce a tight monetary policy to control inflation in the country.

Financial Markets

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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