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Press TV

Iran lifts curbs on car imports to control prices

Iran’s top legislative body has approved a parliament law that allows unlimited imports of brand-new and second-hand cars into the country amid efforts by the government to contain rampant prices of the domestically-produced cars.

Mine and Industry

Official puts Iran’s annual tourism revenues at $6.2 billion

An Iranian deputy minister of tourism says Iran’s annual tourism revenues have reached $6.2 billion, adding that tourism is becoming a major source of earning hard currency for the country.

Iran Economy

IMF expects Iran’s inflation to ease in 2024

A report by the International Monetary Fund (IMF) expects that the soaring inflation rates in Iran would fall significantly with an increase in demand for Iranian oil in major Asian economies and amid a gradual drop in consumer prices around the world.

Macro Economy

Iran, Russia sign contract to start railway project

Iran and Russia have signed a contract that details the road ahead for construction of a key railway in Iran as part of the International North–South Transport Corridor (INSTC).

Transportation

Iran gains full Shanghai Cooperation Organization membership

The Shanghai Cooperation Organization (SCO) has officially approved Iran’s full-fledged membership in the world’s largest regional organization in terms of geographic scope and population.

Trade

Iranian steelmakers produce 3.3 million mt of products in May

Iran continued to churn out more steel in May despite a decline in the global steel output as the country moved up three places to seventh in the global ranking of large steel producers, according to figures by the World Steel Association (worldsteel).

Mine and Industry

Iran-Turkey annual trade up 19% to $12.7 billion

Iran and Turkey experienced a major rise in their bilateral trade over the calendar year to March 20 as shipments rose in value terms despite a fall in volume, according to an analysis of trade figures from the Iranian customs office (IRICA).

Trade

Iran, Pakistan likely to ink free trade agreement by March: Official

Iran and Pakistan will start direct talks for a free trade deal in September, according to a senior Iranian trade official who says an agreement may be possible until the end of the Iranian calendar year in March 2024.

Trade

Iran’s two-month rice imports down 60%

Figures by the Iranian customs office (IRICA) show that rice imports into the country fell significantly in April-May compared to the same period last year.

Agriculture and Environment

Russia private sector says trade with Iran grew to $4.9 billion in 2022

President of Russia’s Chamber of Commerce and Industry (TPPRF) says bilateral trade with Iran rose by a fifth last year.

Trade

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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