Iran’s free trade zones are appropriate for the establishment of branches of Japanese banks and insurance companies, said Afkhamirad in a meeting with a top Japanese delegation.
According to the regulations of free trade zones, foreign investors can establish new banks or bank branches in these zones, Seif said.
Under a deal the Ahmadinejad government signed with the Chinese, the Chinese have been entrusted with holding Iran's assets.
The capital market should be as instrumental as the banking system in financing the country's projects, the economy minister said.
Iran's membership of the bank is in line with measures to realize the principles of the resistance-based economy, Minister of Economy and Financial Affairs Ali Tayyebnia said.
An Iranian energy official has said that 14 domestic consortia have voiced readiness to finance the construction of a pipeline that will transport Iran’s natural gas to Iraq.
We did not expect to see the Iranian people and companies in such welfare and comfort: rather we thought that the sanctions have paralyzed the life and economy of Iran, said Silvano Pascuno.
The head of Iran’s Chamber of Commerce, Industries and Mines has said that foreign investors show much interest in Iranian market, citing a growing number of business delegations visiting the country.
The corruption occurred between 2006 and 2012. However, officials learned about it in 2013.
Tehran and Beijing have agreed to join hands in the fight against corruption, terrorism, and money-laundering.