Financial Tribune | Iran Chamber Newsroom

Financial Tribune

Iran’s aluminum ingot output rises by 26%

The Iranian aluminum industry produced 175,281 tons of ingots in the first four months of the current fiscal year (March 21-July 22).

Mine and Industry

Iran prepared to return to int’l oil market: Minister

Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the unfair US sanctions on the country are lifted, Iran’s outgoing oil minister, Bijan Namdar Zanganeh, said.

Energy

Iran’s trade with neighbors hits $10.5bn in three months

Iran’s trade with its 15 neighboring countries stood at $10.5 billion in the first quarter of the current fiscal year (March 21-June 21), data released by the Islamic Republic of Iran’s Customs Administration show.

Trade

Afghan civil war closes Iran-Afghanistan main trade gateway

Due to political turmoil in Afghanistan and the Taliban’s advance to Nimruz Province neighboring Iran’s Sistan-Baluchestan Province’s Hirmand County, Milak border crossing in this county (known as Zaranj on the Afghan side) has been temporarily closed down.

Trade

Central Bank of Iran allocates $15bn to imports of essential goods

The Central Bank of Iran has provided $15 billion for the import of essential goods in the first four months of the current Iranian year (March 21-July 22), 27% more than the corresponding period of last year.

Macro Economy

Iran exports $2.8bn worth of goods to Iraq in four months

Iran’s exports to Iraq in the first four months of the current fiscal year (March 21-July 22) stood at $2.8 billion, Hamid Hosseini, member of Iran-Iraq Chamber of Commerce’s board of directors, told Fars News Agency.

Trade

Iran Air adds second flight to Paris route

Iran Air flights to Paris will also operate on Fridays, in addition to Mondays, as of August 6.

Transportation

Iran inaugurates 20 industrial projects in Aras FTZ

President Hassan Rouhani inaugurated 20 industrial projects in Aras Free Trade and Industrial Zone located in West Azarbaijan Province via videoconference on Monday.

Macro Economy

Iran steel, cement factories allowed midnight operation amid power shortage

Iran Power Generation, Distribution and Transmission Company (Tavanir) said steel and cement factories can operate from 12:00 midnight to 8:00 am and cut their electricity consumption by half.

Energy

Iran’s trade with EU tops €1.8b in first 5 months of 2021

Iran and 27 members of the European Union traded €1.84 billion worth of goods during the first five months of 2021, to post a 1.07% growth compared with the previous year’s corresponding period.

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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