Latest Financial News in Iran – 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.
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.
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.
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.
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 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.
President Hassan Rouhani said that issuing participation bonds by large private companies is a realizable goal, and promised to expedite the required arrangements.
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 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.
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.
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.
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.
Banks will lower lending rates in the coming days, said Central Bank of Iran governor, Valiollah Seif on Sunday June 19. The announcement comes after private lenders’ recent move to voluntarily lower their one-year deposit rates from 18% to 15%.
The Deputy Industry Minister announced that Iran’s banking issues with European countries have been fully resolved in terms of financing Iranian mining projects.
A parliamentary panel in Iran is examining Canada's appropriation of Iranian assets for the possible launch of a lawsuit against the seizure, an MP says.
A senior Iranian official said on Sunday June 12 that so far several agreements, worth $35 billion, have been reached between Iran and large global banks.
Within the past few weeks, a number of paycheques belonging to senior executives have been leaked, revealing their astronomical salaries. The figures provoked uproar among Iranian media and public opinion, and finally drew President Hassan Rouhani's reaction.
An Iranian deputy minister unveiled plans for getting a $500m loan from the Republic of Azerbaijan to construct a railroad in the northern part of the country that will later be connected to Azerbaijan’s railroad network.
