Friday, March 29, 2024

Finance

Araqchi: No obstacles for foreign banks in transactions with Iran

Foreign Ministry Deputy for Legal and International Affairs Abbas Araqchi said the powerful stands taken by the head of Iran’s Central Bank has resulted in the US announcement that non-American banks have no problems in transactions with Iran.

Kerry assures world business transactions with Iran are safe

US Secretary of State John Kerry assured the world that financial transactions with Iran are safe and European banks should not be worried in this regard.

Kerry: No objection in the way of foreign banks engaging with Iranian banks

Secretary of State John Kerry before meeting Iranian Foreign Minister Mohammad Javad Zarif on Friday said US has no objection does not stand in the way of foreign banks engaging with Iranian banks and companies.

Iran Joins UN Conference on Financing for Development

The head of the Iranian Investment Organization, Mohammad-Khazaie, joined the UN Conference on Financing for Development in New York.

Russia Says Legal Barriers for Iran Loan Cleared

A Russian deputy minister said that the legal barriers for Moscow’s key state loan to Tehran have been lifted.

Paymentwall ‘not connected’ to Iranian banking system

Central Bank of Iran has rejected the claim by San Francisco-based Paymentwall that it has integrated its payment services into Shetab - Iran’s local payment system.

CBI to Chair IFSB

Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017.

British Banks Remain Reluctant to Finance Trade with Iran

British banks are tentative to re-engage with Iranian financial entities as anti-Tehran sanctions are still in place and not fully lifted, despite a lasting nuclear deal between Iran and six world powers, a British official said.

Jalalpour’s Complaint: German-Iranian Banking Still Limited

The Head of Iran’s Chamber of Commerce complained to Germany’s Agriculture Minister about the effects of the continuation of Germany’s banking sanctions even after the implementation of JCPOA.

Netherlands Consultants Assist in Saving Energy and Environment

Farhad Sharif, the deputy of international affairs, met Marten C. van den Berg, the vice minister for foreign trade of the Ministry of Foreign Affairs of the Netherlands, and Susanna Terstal, the ambassador. 11 April 2016 ICCIMA – A group of Dutch companies came to Iran Chamber of Commerce to meet their Iranian counterparts for collaborations in the fields of agriculture, energy, oil and healthcare services. They were accompanied by the vice minister for foreign trade of the Netherlands.

Italian Premier due in Iran Tuesday

Italian Prime Minister Matteo Renzi will visit Iran on Tuesday and will be accompanied by 120 leading economists and company representatives.

IME trading grows by 124%

415,000 MT of commodities worth over $157 million were traded in Iran Mercantile Exchange (IME) early April, the value and volume of trading experienced a growth of 99% and 124% respectively.

New chapter in Iran-Turkey banking relations

A senior banking official said Tehran and Ankara will open new chapters in their banking relations.

Kerry: Iran ‘absolutely’ deserves access to US dollars as part of sanctions relief

Secretary of State John Kerry said that Iran deserves access to US dollars out of fairness because Tehran has met its core obligations under the nuclear agreement, the Washington Free Beacon reported.

Tehran bourse roars to 2-year high

Tehran’s benchmark TEPIX index rises above the 80,000-point mark for the first time in two years, driven by continued optimism about prospects of an economic growth following the lifting of sanctions.

Iran’s Bank Sepah reconnected to SWIFT

Iran’s Bank Sepah announced on Tuesday that it has been reconnected to SWIFT international banking services system after almost a decade.

Iran Signs Deal with Turkey to Smooth Financial Transactions

The Chief Executive Officer (CEO) of Iyzico, an Istanbul-based payments startup, said the company has signed a deal with an Iranian firm, which would...

‘Japanese banks eyeing foothold in Iran’

A senior Japanese official has called for more opportunities for his country’s banks to increase their cooperation with Iranian financial institutes.

CBI’s 55th annual general assembly convenes

The 55th annual general assembly of Central Bank of Iran (CBI) was attended by President Hassan Rouhani and bank officials on Saturday.

Iran urges US to tell EU banks trade Ok

Iran says it wants the United States to publicly pledge that it would not penalize European banks for legitimate trade with the Islamic Republic.

Bank Melli to Begin Exchange Transfers for Iranian Expatriates

Gholam-Reza Panahi, the deputy governor for currency affairs at the Bank Melli of Iran (BMI), said that the bank is ready to receive foreign...

Banking relations between Iran and Turkey go back to normal

Iran's Ambassadorto Turkey Ali-Reza Bigdeli announced banking relations between the two countries go back to normal and Bank Mellat will resume its operations in...

Security Council removes Bank Sepah, Bank Sepah Int’l from 2231 list

The UN Security Council in New York removed names of Iran’s Bank Sepah and Bank Sepah International from the 2231 List after concluding its consideration of the de-listing request.

Presence of foreign banks spurs competitiveness: MP

An Iranian MP has said that foreign bank presence in Iran would infuse liquidity into the national economy which could help production flourish, if managed properly.

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.

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