Finance

VP Says Iran Will Guarantee Foreign Investments

Vice President for Executive Affairs Mohammad Shariatmadari said the Iranian government will offer guarantees for foreign investment, despite existing problems.

Iran Task Force to Follow Up on Frozen Assets: Araqchi

A working group in Iran is preparing a suit to look into the United States’ seizure of Iranian assets, a top Foreign Ministry official said on Sunday May 24.

London Branch of Melli Bank Reopens

Melli Bank London, Plc. has obtained an operating licence from UK banking regulators, and is ready to provide services in the European Union, said its CEO, Ghulam Hossein Asgharzadeh Zaferani, on Saturday May 28.

SAIPA Signs $1bn Finance Deal with South Koran Company

Hassan Baghaei, the Deputy Commercial Manager of SAIPA auto-making group, said on Saturday May 28 that the group has inked a $1bn finance deal with South Korean company SK Networks.

Zarif Calls for ‘Tangible’ European Steps to Facilitate Banking Transactions

Iranian Foreign Minister Mohammad Javad Zarif called on the European parties to the July 2015 nuclear deal between Tehran and world powers to seriously address problems hindering foreign banks from trying to work with Iran.

Germans in Search of Business Opportunities in Iran

In a meeting between the chairman of the Tehran Chamber of Commerce and the Minister of Energy and Economy of Nordrhein-Westfalen state, there was a focus on expanding bilateral ties and easing banking relations in order to develop trade and investment between Iran and Germany.

Tayyebnia and Seif Positive about Growth Rates and Inflation

IFP: Economic Minister Ali Tayyebnia and Governor of the Central Bank of Iran Valiollah Seif both addressed the 26th Annual Conference on Monetary and...

Switzerland Ready to Assist Iran in Post-Sanctions Era

Yves Rossier, the secretary of state at the Swiss Foreign Ministry, said his country is prepared to help Iran to reclaim its previous economic position at the international level following the removal of anti-Tehran sanctions.

Iran’s Petropars in Investment Talks with Royal Dutch Shell: Official

Iran’s Pertropars Company and the global energy giant Royal Dutch Shell are in talks to boost their investment strategies in the country's growing energy sector, following the removal of anti-Tehran sanctions, an Iranian official said.

Iran, Bosnia agree to expand banking cooperation

Iranian Ambassador to Bosnia-Herzegovina Seyyed Hossein Rajabi and the Head of the Central Bank of Bosnia discussed expanding bilateral banking relations.

No More Barrier to Trade with Iran in Euros: Diplomat

A ranking Iranian diplomat said there are no more limits on the country’s financial transactions with foreign banks in euros, a clear sign of which was India’s recent move to clear part of its debts to Iran in euros through a Turkish bank.

Global Banks Need Immunity from Allegations of Sanctions Breaches: CBI Chief

The governor of the Central Bank of Iran (CBI) said the global banks need “reassurances” that they will not be accused of breaching sanctions if they rekindle ties with the Islamic Republic despite a lasting nuclear deal between Tehran and world powers.

CBI Chief: Europe, US Failed to Meet Commitments on JCPOA

Central Bank of Iran (CBI) Chief Valiollah Seif censured certain Western countries, the US in particular, for failing to meet their commitments under a nuclear deal between Tehran and six world powers (also known as the JCPOA).

Any Request for Banking Guarantees in Ties with Europe Is Nonsense: Official

A senior Iranian official has dismissed a recent report that European banks had asked Iran to provide guarantees to compensate for possible future penalties imposed by the US for resuming banking activities with Iran. Text from IRNA, translated by IFP.

Javan: European Banks Demand $15bn from Iran

On Friday May 13, US Secretary of State John Kerry met with heads of 10 European banks. According to a report by Javan newspaper,...

Workgroup Recommends SNSC ‘Address US Seizure of CBI Assets’

The government’s Special Workgroup on the US Seizure of Central Bank Assets has drafted a report of the developments on the US encroachments on the Central Bank assets.

JCPOA Should Help Implementation of “Resistance Economy”

Iran’s Hassan Rouhani has urged that the opportunities provided by the JCPOA be taken advantage of to improve interaction with the world and the implementation of “Resistance Economy.”

Pasargad wants to become ‘global bank’

Pasargad Financial Group, which owns Iran's second largest bank, is considering selling its shares in energy entities in a sign of improving business environment.

Iran and China Discuss Cooperation on Fighting Corruption

In a meeting in Beijing on Wednesday May 11, the Head of Iran's General Inspectorate Organization, Nasser Seraj, and China's Public Prosecutor Cao Jianming, discussed broadening relations, especially a campaign against financial corruption.

No Government Can Decide on Another Country’s Assets: Rouhani

Iran’s President Hassan Rouhani criticized a recent decision by the US to seize nearly $2bn of Iranian money, stressing that no country can make decisions about the assets of another state.

US to Allay British Banks’ Concerns about Ties with Iran

US Secretary of State John Kerry is planning to hold talks with representatives of a number of British banks this week in London in a move to allay their concerns about forging ties with Iran.

Iran Facing No Major Problem in Selling Oil: Official

There is no major obstacle to the sale of Iranian crude in international markets, an Iranian deputy oil minister for international affairs and marketing said.

India Says to Pay Iran Oil Dues via European Banks

The Indian oil minister said the South Asian country is scheduled to pay an outstanding oil debt to Tehran via European banks.

Modi’s Iran Visit Is a Golden Chance to Settle Financial Disputes

The significant and historical visit of the Indian Prime Minister Narendra Modi to Iran, slated for May 22, provides a golden opportunity for both countries to develop ties and focus on ways of settling their financial disputes.

Iran and Switzerland Hold Financial Talks in Bern

Iran and Switzerland held a first round of financial talks in Bern and explored grounds for cooperation by presenting reports on their respective financial and banking activities and monitoring systems.

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