Finance

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.

Iran, Azerbaijan plan to establish joint bank

The minister of communications and information technology has said that a number of Iran's private banks are interested in entering Azerbaijan's banking market.

Two Iranian banks to start operating in UK soon: CBI head

The CBI governor has said that Iran and Britain seek to exchange banking delegations in order to pave the way for cooperation between Iranian and British banks.

Official invites Japanese banks to launch branches in Iran

Iran’s free trade zones are appropriate for the establishment of branches of Japanese banks and insurance companies, said Afkhamirad in a meeting with a top Japanese delegation.

Germany to set up Bank in Iran: Official

According to the regulations of free trade zones, foreign investors can establish new banks or bank branches in these zones, Seif said.

China won’t return Iran’s oil money even after a deal: Former top banker

Under a deal the Ahmadinejad government signed with the Chinese, the Chinese have been entrusted with holding Iran's assets.

Economy chief orders measures to accelerate capital inflow, privatization

The capital market should be as instrumental as the banking system in financing the country's projects, the economy minister said.

AIIB can be instrumental in Asian development projects: Economy minister

Iran's membership of the bank is in line with measures to realize the principles of the resistance-based economy, Minister of Economy and Financial Affairs Ali Tayyebnia said.

14 consortia ready to finance Iran-Iraq gas pipeline: Official

An Iranian energy official has said that 14 domestic consortia have voiced readiness to finance the construction of a pipeline that will transport Iran’s natural gas to Iraq.

Italian Companies Eyeing Investment in Iran

We did not expect to see the Iranian people and companies in such welfare and comfort: rather we thought that the sanctions have paralyzed the life and economy of Iran, said Silvano Pascuno.

Foreign investors interested in Iranian market

The head of Iran’s Chamber of Commerce, Industries and Mines has said that foreign investors show much interest in Iranian market, citing a growing number of business delegations visiting the country.

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