Textile industry

Iran, China ink MoU for textile cooperation

Officials from Iran and China signed a memorandum of understanding (MoU) in the fields of textile industry and clothing.

Mine and Industry

Iran annual textile exports at $113 million

Iran exported some $113 million worth of textile products in the last Iranian fiscal year (ended on March 20), according to an official with the knowledge of the issue.

Mine and Industry

Private sector opens Iran’s second black chador factory in Isfahan

Iran’s second black chador (a full-body piece of fabric used by some Muslim women to cover the body while leaving the face uncovered) production factory was recently inaugurated in Isfahan Province.

Mine and Industry

Iran seventh biggest global exporter of textile flooring

The ranking does not take into account the export of machine-made carpets, otherwise Iran would be the world’s fifth biggest exporter of textile floorings

Trade

Iran textile exports up 6% in value in 2018: Official

The main exported items were carpets, rugs, tissue paper as well as packaging materials. Iranian companies found their export destinations despite unilateral US sanctions that have caused huge problems for funds transfer.

Mine and Industry

Iran, Bangladesh seek special payment channel to skirt dollar transactions

The South East Asian country is the world’s larges exporter of kenaf, widely used in global textile industry. However, the product’s exports to Iran have seen a sharp fall since the US reimposed sanctions on Iran last November. Two countries are looking to circumvent dollar in their financial dealings.

Financial Markets

Featured

The Central Bank of Iran (CBI) says Russia’s Mir payment network has been connected to Iran’s Shetab banking system, a move that takes place in line with boosting financial cooperation between the two neighboring countries.

Iran, Russia connect payment systems

Iran lifts three-year ban on Apple iPhone imports

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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