Thursday, March 28, 2024

Finance

‘US Failed to Do Its Side of Iran Deal’

Iran top banker says the United States has failed to do its share of lifting economic sanctions against Iran as per a deal that was signed over the country’s nuclear energy activities last summer.

US Pledges Not to Punish Banks Engaged with Iran: Zarif

Iran says the United States has vowed not to punish European banks that facilitate transactions with it.

Iran’s SNSC Sets New Conditions for Joining FATF

Head of Iran’s Strategic Council on Foreign Relations Kamal Kharrazi said the country’s Supreme National Security Council (SNSC) has set some new conditions for joining the Financial Action Task Force (FATF).

Iran’s Top Anti-Money Laundry Body Clears FATF Ambiguities

The Anti-Money Laundering Supreme Council has issued a statement to clear the vague points about Iran’s accession to the Financial Action Task Force (FATF).

FATF Deal against Iran’s National Security: MP

A senior Iranian lawmaker warned that an agreement between the Islamic Republic and the Financial Action Task Force (FATF), the policy-making body of the international financial system, threatens the country’s national security.

FATF Has Nothing to Do with JCPOA: Spokesman

Iranian Foreign Ministry Spokesman Bahram Qassemi announced that the country’s alleged deal with Financial Action Task Force (FATF) has nothing to do with the nuclear deal between Tehran and world powers.

Iranian Banks to Open Branches in Munich

German media say three Iranian banks plan to open branches in Munich in the near future in what is expected to help stimulate business ties between the two countries.

Iranian Banks to Open Representative Offices in UK, Italy, Germany

Central Bank of Iran (CBI) has reported that Iranian banks are planning to establish their representative offices in three European countries of Britain, Italy and Germany.

Iran Seeking Major Financial Reforms: CBI Chief

Central Bank of Iran (CBI) Chief Valiollah Seif announced plans for a comprehensive reform of the country’s financial sector, including changes in laws and regulations of the banking sector and the Central Bank.

US Has Given another $1.3 Billion of Iran’s Money: Report

US payment of $400 million of Iranian money which sparked outcry among American politicians has been followed by another transfer of $1.3 billion, media reports say.

MasterCard Dismisses Reports on Its Activity in Iran

The US-based multinational financial services corporation MasterCard has rejected the recent reports on its cooperation with Iran.

Iran to Introduce MasterCards: Minister

Iran is about to introduce credit card services processed by global payment operator MasterCard for the first time, Communications and Information Technology Minister Mahmoud Vaezi says.

Tehran Ready to Work with Baku on E-Commerce and Financial Post Services

Iran’s Minister of Communications Mahmoud Vaezi said the time is ripe for mutual cooperation between the two countries in the fields of e-commerce and financial post services.

No Hitch to Developing Iran-Pakistan Banking Relations: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says there is no obstacle in the way of the expansion of banking relations between Iran and Pakistan.

Meeting of Iran’s Central Bank, US Treasury, and Int’l Banks Postponed

A meeting between officials from the Central Bank of Iran (CBI), the US Treasury and international banks in London to discuss banking restrictions on trade with Iran despite a lasting nuclear deal between Tehran and world powers has been delayed, the British government said.

Tehran Stock Exchange joins World Federation of Exchanges

An Iranian official says the Tehran Stock Exchange (TSE) is joining the World Federation of Exchanges (WFE).

Iran’s Cabinet Readying Bill on Big Change in Banking Sector

The Iranian administration has worked out a proposal that, if passed by the Parliament, will usher in a major development in the country’s banking sector, President Hassan Rouhani announced.

Deputy Industry Minister: Economy Needs $800bn Investment

Iran’s Deputy Industry Minister said the country requires $8bn of investment in order to reach the goal of 8% economic growth.

Sanctions on Bank Melli in Hong Kong Lifted

Deputy Governor for Currency Affairs at the Bank Melli of Iran (BMI) announced that sanctions on BMI Hong Kong Branch had been lifted since June 24 and the branch will soon resume its activities there.

Government Permits Private Sector to Issue Participation Bonds

President Hassan Rouhani said that issuing participation bonds by large private companies is a realizable goal, and promised to expedite the required arrangements.

Chabahar Port: Indian Firms to Invest $235m

The Managing Director of the Ports and Maritime Organization said that the capacity of Chabahar port will increase from 2 million tons to 8 million tons after an investment of $235m from Indian firms.

Leader Calls for Government’s Serious Action against Payment of Astronomical Salaries

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei referred to the extremely large incomes paid to certain government employees, and described it as an attack on values, which should be seriously pursued by the government.

German Official: Iran’s Debt Clearance Opens Path for Future Activity

By paying off the export debt to Germany, Iran will open new paths to renewed trade ties between the two countries, said the German Economy Minister on Monday June 20, Bloomberg reported.

Foreigners Want to Invest in Iran: Rafsanjani

Expediency Council Chairman Ayatollah Akbar Hashemi Rafsanjani underlined the positive effects that the Joint Comprehensive Plan of Action (JCPOA) has had on attracting foreign investment to the country.

Inflation Rate in Iran Down to Less than 10%

Spokesman for the Iranian Administration Mohammad Baqer Nobakht announced on Tuesday, June 21, that the country’s annual inflation rate has fallen below 10% for the first time in several years.

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