Iran, Syria to establish joint free zone, bank
Iran and Syria have reached primary agreements for the establishment of a joint free zone and a joint bank, Iranian Transport and Urban Development Minister Rostam Qasemi announced.
Iran, Syria Seek to Launch Joint Bank
Iran and Syria are pondering to launch a joint bank to overcome their banking problems in their bilateral trade.
Former CBI governors stress bank’s authority in economic decisions
The former governors of the Central Bank of Iran (CBI) have said the president should not intervene in the country’s specialized economic decisions which are mainly made by the CBI, Mehr News Agency reported.
Shift in U.S. Policy May Affect UCO Bank Cooperation With Iran
Vice President of India-Iran Chamber of Commerce Parham Rezaei believes that change in the U.S. political policy regarding Iran will affect the cooperation of Indian UCO Bank with Iran.
Over 510,000 Jobs Created in Free and Special Economic Zones
Secretary of Iranian Free Zones High Council Morteza Bank in a TV program on the occasion of the Government Week said some 510,000 jobs have been created
CBI Urges Exporters to Repatriate Hard Currency Earnings
Iran's Central Bank Governor Abdolnaser Hemmati on Sunday said exporters who have not transferred their foreign currency earnings to the government FOREX system will be summoned for explanations.
Iran Asks IMF for $5b in Emergency Funding
The Central Bank of Iran has asked the International Monetary Fund (IMF) for $5 billion emergency funding to fight a coronavirus pandemic as the number of infections keeps growing in the country.
Banks at risk of losing fee-based revenues
Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants offering no-fee services.
EU Slaps Down UK Calls for Permanent Banking ‘Equivalence’
The European Union swiftly rebuffed calls from the UK government that London’s financial services firms should enjoy continued access to the single market even if the country breaks away from the bloc’s rules after Brexit.
Iran’s Forex Policy Unaffected by French Offer of Credit Line: Top Banker
Governor of the Central Bank of Iran said efforts to supply foreign currency resources are in progress irrespective of a French proposal for the launch of a $15 billion credit line for oil purchases from Iran.