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BRICS

Iran eyes buying shares of New Development Bank

Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has said that Iran is seeking to buy shares of the New Development Bank (NDB) – formerly known as BRICS Bank – which he said would allow Iran to take loans from the bank for exports of techno-engineering services.

Iran Economy

IMF voices support for BRICS

On the heels of the BRICS six-country expansion, the International Monetary Fund (IMF) has voiced its support for the alliance. Specifically, it has spoken about improvements in global cooperation and what the bloc could mean for that idea.

Financial Markets

Iran considers transition from SWIFT to ’BRICS PAY’

Following its recent membership in the BRICS group of emerging economies, Iran is exploring the possibility of adopting the group’s electronic banking communication system, “BRICS PAY,” as an alternative to the SWIFT system, the speaker of the Parliament said.

Financial Markets

NDB president invited to Tehran to discuss Iran’s membership

An Iranian official has announced that the head of the New Development Bank (NDB) has been invited to visit Iran to discuss the country’s potential membership in the bank.

Iran Economy

Iran officially becomes member of BRICS

The Islamic Republic of Iran officially became a member of the BRICS bloc of emerging economies.

Iran Economy

Private sector urges Iran to prioritize joining NDB over bid for BRICS membership

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Hossein Selahvarzi has urged Iran to prioritize joining the New Development Bank (NDB) over its bid for membership in BRICS group of developing countries.

Iran Chamber

Iran, South Africa sign cooperation agreement ahead of BRICS summit

The South African and Iranian foreign ministers have signed a cooperation deal ahead of the BRICS summit in Johannesburg, which Iranian President Ibrahim Raisi will attend.

Iran Economy

Iran enjoys best potentials for cooperation with BRICS: Iran Chamber of Commerce

Niloofar Assadi, the caretaker of the international affairs of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) says Iran enjoys the best potential for cooperation with BRICS member countries.

Iran Chamber

Iran, BRICS already engaged in practical partnership: FM

Iranian Foreign Minister Hossein Amirabdollahian has said that the practical partnership between Iran and the BRICS group has already begun in transportation cooperation, including the International North-South Transit Corridor (INSTC).

Transportation

Iranian diplomat calls BRICS currency ’amazing’ development

The potential launch of a gold-backed BRICS currency, which could be supported by 41 large and influential economies, would weaken the dollar-euro domination in the global economy and would benefit countries such as Iran, an Iranian diplomat has said.

Financial Markets

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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