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UAE Bank

UAE Bank Stops Offering Services to Iranian Tradesmen

A group of Iranian tradesmen say Emirates NBD, one of the largest banking groups in the Middle East in terms of assets, has stopped offering banking services to them.

Iranian Jewish MP Stresses Removal of US Dollar from Trade Deals

Siamak Moreh Sedgh, the representative of Iranian Jews at the Parliament, says the US dollar needs to be removed from Iran’s business transactions in a bid to put an end to the US monopoly.

Removing US Dollar from Int’l Transactions to Facilitate Banking Ties: Iran

An Iranian lawmaker believes that the removal of the US dollar from Iran’s international transactions could facilitate banking relations.

Iran Preparing Infrastructure for Bitcoin Adoption

Iran is preparing the infrastructure for using Bitcoin, the first worldwide crypto currency, said Iran’s Deputy Minister of Information and Communication Technology, Amir Hossein Davaee.

Iran, Turkey Ink Deals to Boost Scientific, Environmental Ties

High-ranking officials from Iran and Turkey inked two agreements in a bid to boost cooperation between the two neighboring countries in diverse fields, including science and technology as well as environment.
The International Monetary Fund

Iran’s Economic Growth Rate Stands at 12.5 Percent: IMF

The International Monetary Fund has in its latest World Economic Outlook announced that Iran's economic growth rate in 2016 was 12.518% year-on-year and its unemployment rate rose to 12.450%, while the inflation rate fell to 9.03%.

Governor of Iran’s Central Bank to Visit US

Governor of Central Bank of Iran, Valiollah Seif, is going to travel to the United States in order to attend the International Monetary Fund’s autumn session.
Iran, Turkey to Use National Currencies in Bilateral Trade

Iran, Turkey to Use National Currencies in Bilateral Trade

Iran and Turkey have signed a draft agreement to carry out trade activities based on their own local currencies instead of traditional foreign currencies such as the euro and the dollar.
Helga Schmid

EU Reiterates Its Strong Support for Doing Business with Iran

A senior European Union official has once again declared the EU’s strong support for the Iran nuclear deal and economic cooperation with Tehran.
Massoud Karbasian

‘IMF, Int’l Banks Not Deterred by Trump’s Pressure from Working with Iran’

Iranian minister of economic affairs and finance says the US president’s recent anti-Iran remarks have had no impact on the approaches of the European and Asian banks as well as international financial institutes towards the Islamic Republic.

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