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.

Finance

Amir Abdollahian: Initial agreement reached to release frozen Iran assets

IFP Editorial Staff -
Iran’s Foreign Minister Hossein Amir Abdollahian says a primary agreement has been reached to release Iran’s assets that have been frozen in a foreign bank due to the US sanctions.
Economy

“$7bn in frozen Iranian assets to be released”

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh has confirmed reports that $7 billion in Iranian assets, frozen in foreign banks due to the US sanctions, are going to be released.
Economy

Report: $7bn in Iranian frozen funds likely to be released

IFP Editorial Staff -
A regional official, identified in a Tasnim News Agency report as “possibly Oman’s foreign minister”, will travel to Tehran on Tuesday to finalize the mechanism for the release of seven billion dollars in frozen Iranian assets.
Finance

IRNA: Iran to receive $7bn in frozen funds

IFP Editorial Staff -
Reports say seven billion dollars of Iran's money, frozen due to the US sanctions, will be transferred to the country’s accounts under a new agreement.
Finance

Report: More of Iran’s frozen assets to be released

IFP Editorial Staff -
Reports say Iran has managed to get a substantial amount of his frozen assets unlocked in a foreign country due to the US sanctoins.
Finance

Iran MP: No country has so far released frozen Tehran assets

IFP Editorial Staff -
A member of the Iranian Parliament’s National Security Commission says consultations were held with several countries, where Iranian assets were frozen due to US sanctions, however, this had no result.
Energy

Iran plans a $200bn investment in oil industry

IFP Editorial Staff -
Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.
Finance

Iran, Russia discussing possibility of using MIR cards

IFP Editorial Staff -
Iran’s Ambassador to Russia Kazem Jalali says Tehran and Moscow are discussing the possibility of recognizing cards using Russian MIR payment system.
Finance

Iran calls for increasing financial transactions with Iraq

IFP Editorial Staff -
Iran’s first vice president has called for Iranian and Iraqi central banks to further their cooperation to facilitate financial transactions between the two countries.
Finance

Iranian Central Bank confirms talks with South Korea over frozen assets

Fatemeh Askarieh -
The Iranian Central Bank has confirmed reports that an Iranian delegation has recently visited South Korea for talks over Iran’s frozen assets in the southeast Asian country.
Economy

Report: South Korea plans to resume oil imports from Iran

IFP Editorial Staff -
A South Korean media report says the country plans to resume oil imports from Iran after a three-year pause.
Economy

Iran, South Korea hold working group talks on frozen assets

IFP Media Wire -
Tehran and Seoul have held working-level consultations to discuss ways to resolve years-long disputes over Iran's funds frozen in South Korea under the U.S. sanctions, South Korea’s foreign ministry announced Wednesday.
Economy

Tehran ‘most unsafe’ Iranian province for investment: Study

IFP Editorial Staff -
A study finds that Tehran was the “most unsafe” province in Iran for investment in the past spring, whereas West Azarbaijan Province in the northeast has been classified as the best spot for that purpose.
Finance

Iran official: Russia allocates 5bn euros for joint projects with Iran

IFP Editorial Staff -
An official with Iran's Thermal Power Plant Holding says the Russian government has allocated five billion euros in loans and credit lines for the implementation of a number of joint projects with the Islamic Republic.
Finance

Iran and S. Korea set for talks next month over frozen assets

IFP Media Wire -
South Korea and Iran plan to hold working-level consultations next month in Seoul to discuss ways to untangle years-long disputes over Tehran's assets frozen under US sanctions, an informed source says.
Finance

Japanese ambassador to Tehran visits southern city of Ahvaz

IFP Editorial Staff -
Japan’s Ambassador to Tehran Ikawa Kazutoshi has said Tokyo is ready to expand cooperation with Iran .
Industry

Appointment of Iran petrochemical giant’s chief triggers criticism

IFP Editorial Staff -
Abdulali Ali-Asgari, former head of the IRIB, has been appointed as new director general of Iran's Persian Gulf Petrochemical Industries Corporation.
Finance

Iran police: Canada refuses to extradite ex-Bank Melli president

IFP Editorial Staff -
Iran’s police say they have identified the location of the former President of its Bank Melli, who is the main suspect in a major embezzlement scandal, but officials of the country, where he is a resident now, have openly turned down requests for his extradition.
Finance

Bagheri: South Korea obliged to release Iran’s assets

IFP Editorial Staff -
Iran's Deputy Foreign Minister Ali Bagheri Kani has stressed that regardless of the outcome of the talks between Tehran and P4+1 group in Vienna, the South Korean government is obliged to release blocked Iranian money
Economy

Iran petrochemical exports expected to rise to $14bn by year end

IFP Editorial Staff -
Iran’s petrochemical exports are expected to hit nearly $14bnm by the end of the current calendar year on March 22, says an Iranian official.
Energy

Minister: Natural gas swap with Turkmenistan to start soon

IFP Editorial Staff -
The Iranian oil minister says the country’s natural gas swap with Turkmenistan, to help it export to the Azerbaijan Republic through Iran, will begin from the turn of the year.
Judiciary

Iran Supreme Court acquits former central bank governor

IFP Editorial Staff -
Iran's Supreme Court has acquitted former Central Bank governor Valliollah Seif and his deputies who were convicted in October of squandering millions of dollars in public funds.
Finance

Iran’s trade with neighbors reach $33bn in eight months: official

IFP Editorial Staff -
Iran’s trade with neighboring countries has touched the $33 billion mark over the past 8 months.
IFP Exclusive

Iran, Hungary ink MOU on economic cooperation

IFP Editorial Staff -
Iran and Hungary have signed a memorandum of understanding on bilateral economic cooperation.
Economy

Iran, India, Uzbekistan discuss facilitating product transit through Chabahar port

IFP Editorial Staff -
Iran’s Deputy Minister of Roads and Urban Development says the Islamic Republic welcomes Uzbekistan’s approach to using the capacity of the Iranian port city of Chabahar to develop trade and investment in Shahid Beheshti port, in southeast Iran.
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