Finance

News and opinion on the banking and finance sectors domestically and abroad. It includes national-level policy-making, the Central Bank of Iran, the stock exchange, as well as private actors in the field.

Zarif Calls for ‘Tangible’ European Steps to Facilitate Banking Transactions

Iranian Foreign Minister Mohammad Javad Zarif called on the European parties to the July 2015 nuclear deal between Tehran and world powers to seriously address problems hindering foreign banks from trying to work with Iran.

SAIPA Signs $1bn Finance Deal with South Koran Company

Hassan Baghaei, the Deputy Commercial Manager of SAIPA auto-making group, said on Saturday May 28 that the group has inked a $1bn finance deal with South Korean company SK Networks.

Iran Task Force to Follow Up on Frozen Assets: Araqchi

A working group in Iran is preparing a suit to look into the United States’ seizure of Iranian assets, a top Foreign Ministry official said on Sunday May 24.

Zarif Urges US to Remove ‘Psychological Banking Barrier’ in Trade with Iran

Iranian Foreign Minister Mohammad Javad Zarif said there is a “psychological barrier” in trade with Iran, stressing that Washington should give international banks reassurances that they can resume business with the Islamic Republic.

Iran to Set Up Offshore Bank in Kish Island: Report

Iran plans to open an offshore bank in the southern island of Kish “within a month” in a bid to facilitate its trade transactions and process international payments, a report said.

UN Says Open to Help Resolve Iran-US Assets Dispute

The United Nations on Friday suggested it would be willing to assist in a dispute between Tehran and Washington after Iran requested UN help in convincing the United States to stop what the Islamic Republic says are violations of state immunity.
Khoda Afarin Dam in Northwestern Iran

MP: China Planning to Finance Completion of Khoda Afarin Dam in Northwestern Iran

China plans to allocate approximately $1bln for the implementation of Khoda Afarin Dam irrigation project, an Iranian parliamentarian announced.

VP Says Iran Will Guarantee Foreign Investments

Vice President for Executive Affairs Mohammad Shariatmadari said the Iranian government will offer guarantees for foreign investment, despite existing problems.

Iran to invest in New Development Bank

A deputy economy minister has said that efforts to develop Iran-Brazil ties have gained momentum and that the two countries have inked deals on customs, double taxation and joint ventures.

Iran’s Foreign Exchange Reserves Soar: IMF

The International Monetary Fund (IMF) has pointed to a significant rise in Iran’s foreign exchange reserves.

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