IRNA | Iran Chamber Newsroom

IRNA

Russia sends first coal cargo to India via Iranian railway

Russia has for the first time sent two trains laden with coal to India via the International North-South Transport Corridor (INSTC), which connects Russia to India via Iran, according to a statement by Russia’s national railway company.

Transportation

FAO expects Iran’s grain output to further increase in 2024

The United Nations Food and Agriculture Organization (FAO) has forecasted a further increase in Iran’s grain output this year amid efforts by the government in the country to rely more on domestic farming rather than imports for basic needs of the country.

Agriculture and Environment

Iran, Russia, Azerbaijan inaugurate Rasht-Caspian railway

Iran, Russia and Azerbaijan have inaugurated a major railroad project in the northern Iranian province of Gilan, which is part of the International North-South Transport Corridor (INSTC) and reportedly connects the Persian Gulf to the Caspian Sea via rail.

Transportation

Iran Central Bank looking into piloting digital currency

The Central Bank of Iran (CBI) says it is planning to introduce a digital currency (CBDC) to facilitate purchases for the clients of the banking network in the country.

Financial Markets

Iran’s domestic wheat purchase at over $1.3bn since April

Iran has purchased some 4.4 million tons of wheat at the worth of over $1.3 billion from domestic producers since April in carrying out a national plan which guarantees the purchase of domestic production of the crop.

Agriculture and Environment

Iran, Russia discuss implementation of Rasht-Astara railway

Senior officials from Iran and Russia explored the implementation and operation of Rasht-Astara railway in northern Iran.

Transportation

Iran reports 5.7% economic growth for year to March 2024

Iran’s economy grew by 5.7% in the fiscal year ending in late March 2024, marking the highest growth since 2017, according to the Statistical Center of Iran (SCI).

Macro Economy

Iran to gain advantage from BRICS bank: Russia

Russian Deputy Foreign Minister Sergey Ryabkov has noted that Iran’s membership in the BRICS New Development Bank will pave the way for the country’s smooth accession to the structure of the bloc.

Financial Markets

Official puts Iran’s one-year trade turnover at $180 billion

The deputy governor of the Central Bank of Iran (CBI) for economic affairs Mohammad Shirijian has put the total trade turnover of the country in the previous Iranian calendar year at $180 billion.

Trade

Russia plans coal exports to India via Iran’s railways

Russia has announced plans to export coal to India through Iran’s railways.

Transportation

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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