Finance

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.

Economy

Iran Signs Deal with Turkey to Smooth Financial Transactions

IFP Editorial Staff -
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...
Economy

‘Japanese banks eyeing foothold in Iran’

Golrokh Askarieh -
A senior Japanese official has called for more opportunities for his country’s banks to increase their cooperation with Iranian financial institutes.
Economy

CBI’s 55th annual general assembly convenes

Golrokh Askarieh -
The 55th annual general assembly of Central Bank of Iran (CBI) was attended by President Hassan Rouhani and bank officials on Saturday.
Europe

Iran urges US to tell EU banks trade Ok

Emad Askarieh -
Iran says it wants the United States to publicly pledge that it would not penalize European banks for legitimate trade with the Islamic Republic.
Finance

Bank Melli to Begin Exchange Transfers for Iranian Expatriates

Emad Askarieh -
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...
Economy

Banking relations between Iran and Turkey go back to normal

IFP Editorial Staff -
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...
Finance

Security Council removes Bank Sepah, Bank Sepah Int’l from 2231 list

Golrokh Askarieh -
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.
Economy

Presence of foreign banks spurs competitiveness: MP

Emad Askarieh -
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.
Economy

Iran to invest in New Development Bank

Emad Askarieh -
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.
Economy

Iran, Azerbaijan plan to establish joint bank

Emad Askarieh -
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.
Economy

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

Emad Askarieh -
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.
Economy

Official invites Japanese banks to launch branches in Iran

Golrokh Askarieh -
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.
Finance

Germany to set up Bank in Iran: Official

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

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

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

Economy chief orders measures to accelerate capital inflow, privatization

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

AIIB can be instrumental in Asian development projects: Economy minister

Emad Askarieh -
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.
Energy

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

Emad Askarieh -
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.
Economy

Italian Companies Eyeing Investment in Iran

Emad Askarieh -
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.
Finance

Foreign investors interested in Iranian market

IFP Editorial Staff -
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.
Economy

Central Bank chief expounds on new banking corruption case

IFP Editorial Staff -
The corruption occurred between 2006 and 2012. However, officials learned about it in 2013.
Finance

Iran, China agree to broaden cooperation in fight against terrorism, money laundering

Emad Askarieh -
Tehran and Beijing have agreed to join hands in the fight against corruption, terrorism, and money-laundering.
Finance

Iran, Iraq to Set Up Joint Bank Soon: Iran’s VP

IFP Editorial Staff -
To address shortcomings in Iran-Iraq trade transactions, steps should be taken toward opening a joint bank.
Finance

China Plans to Invest in Tabriz Tram Project

Emad Askarieh -
Chinese companies plan to invest in a Tram project to be constructed in the Northwestern Iranian city of Tabriz, a senior Chinese official announced on Sunday.
Finance

Official: China Willing to Invest in Qom’s Monorail, Airport Projects

Emad Askarieh -
Chinese companies are interested to invest in infrastructural projects in Iran's Qom province, specially monorail and airport construction, a senior Chinese official announced on Sunday.
Finance

Iran Desk to be set up at Italian industrial promotion agency

Emad Askarieh -
An Italian delegation visits Iran to promote bilateral cooperation.
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