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Financial Tribune

Iran breaks its record of coronavirus patients in ICUs

The number of severely ill Covid-19 patients in intensive care units hit an all-time high in Iran on Monday, with 3,819 occupied beds, health officials said.

Society Economy

Iran exports to UAE near $1 billion in 3 months despite pandemic

Iran exported around 3.8 million tons of commodities worth $967 million to the UAE during the first quarter of the current Iranian year (March 20-June 20) despite the routine marine and air links between the two countries being interrupted by the coronavirus outbreak.

Trade

Iran government to sell shares of refineries through ETF

Iran’s government stakes in four refineries will be put on offer through the second state-controlled exchange-traded fund in the near future, head of the Iranian Privatization Organization said.

Macro Economy

Payment deal with Iraq in final phase

Head of the International Department of the Central Bank of Iran said constructive talks were held with Iraqi officials which could result in unfreezing millions of dollars of Iranian money.

Trade

New financial channel opened for Iranian Red Crescent Society

The US Treasury Office for Foreign Assets Control has recently allowed opening of a financial channel for sending humanitarian aid exclusively to Iran’s Red Crescent Society, head of IRCS said. The society has received aid through the channel in recent days.

Society Economy

Iran fishermen begin Caspian kilka harvest

Caspian Sea sprat (common kilka) harvest has begun in Iran’s northern provinces of Gilan and Mazandaran. Iranian fishermen are using 73 vessels to harvest the species.

Agriculture and Environment

Iranian PSPs process over 2.7 billion transactions in 1 month

The latest monthly performance report of Iran’s e-payment network shows that more than 2.73 billion transactions worth of 3,886.38 trillion rials ($16.8 billion) were processed by the national retail payment network Shaparak in the third Iranian calendar month (21 May-June 21).

Financial Markets

Agrifood products account for 20% of Iran’s non-oil exports in 2 months

Agricultural and food products accounted for more than 20% of Iran’s total non-oil exports during the first two months of the current Iranian year (March 20-May 20).

Agriculture and Environment

Iran-Turkey trade down 77%

Iran’s trade with Turkey totaled $803.59 million during the first five months of 2020 (January-May) to register a decrease of 77.62% compared with the corresponding months of 2019, data released by Turkish Statistical Institute show.

Trade

Iran lifts ban on export of four coronavirus-related medical products

Iran’s Ministry of Industries, Mining and Trade has lifted a ban on the export of serology kits, surgical-medical gowns, face shields and N95 facemasks.

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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