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IRNA

Transit through INSTC more than quadruples

The International North-South Transit Corridor (INSTC) has witnessed a whopping surge in cargo transit after its marine route via the Caspian Sea became operational by Khazar Sea Shipping Lines Company (KSSLC), according to the company’s managing director.

Transportation

Iran, Russia banks set to link messaging systems: Ambassador

Iranian Ambassador to Russia Kazem Jalali has said that Iran and Russia have begun pilot linking of their banking messaging systems and will finalize the scheme soon.

Financial Markets

Iranian minister acknowledges resumption of trade ties with Riyadh

Iran and Saudi Arabia have seemingly resumed trade ties after a thaw of diplomatic relations between the two countries, Iranian Minister of Industry, Mine, and Trade Reza Fatemi Amin said on Tuesday.

Trade

Iran’s largest gas field recruits nearly 3,000 new workers

As many as 2,970 local people were recruited in South Pars Gas Field in southern Iran, the country’s largest gas reserve and one of the largest in the world, over the past Iranian calendar year to March 21, a local official said.

Energy

Moscow welcomes Iran’s presence in Russia’s dairy market

Russia welcomes the active contribution of Iranian companies to the fish and dairy market of the European country, a Russian official said.

Mine and Industry

Iran announces major cabinet reshuffle

Iran’s Government Spokesman Ali Bahadori Jahromi says that the head of the Planning and Budget Organization and the agriculture minister have been replaced in a reshuffle in the economic team of the cabinet.

Iran Economy

India’s imports from Iran nearly doubled YOY in Jan-Feb

Figures by the Ministry of Commerce and Industry of India shows the Asian country’s imports of goods from Iran nearly doubled year-on-year in the first two months of 2023.

Trade

Iranian carmakers raise prices by nearly 30%

Iranian automotive companies have raised the prices of their products by an average of 29%, according to the CEO of Iran’s second largest carmaker Saipa.

Mine and Industry

Iran, Russia discuss implementation of INSTC corridor

Senior officials from Iran and Russia have explored ways to implement the strategically important International North-South Transit Corridor (INSTC).

Transportation

Iran-EU trade tops €400 million in January

European Union’s exports to Iran increased 7% year on year in January 2023 while trade exchanges between the two sides exceeded €400 million over the same month, according to figures by EU’s statistical office the Eurostat.

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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