Iraq, Iran to Resume Banking Ties
By John Lee. Delegations from two Iranian banks have visited Baghdad to discuss the resumption of banking ties between the two countries. Morteza Shahidzadeh (pictured), the Managing Director of Iran’s...
View ArticleIran, Azerbaijan Plan Joint Bank
By John Lee. Iran and Azerbaijan are in discussions to set up a joint bank to facilitate financial transactions between the two countries. Iran’s Minister of Communications and Information Technology,...
View ArticleIran Insures Foreign Investors Against Non-Economic Risks
The President of the Organization for Investment, Economic and Technical Assistance of Iran says that any foreign investor wishing to enter the country will be fully insured against all non-economic...
View ArticleBritish, Japanese Insurers visit Iran
The Chairman and CEO of the Iran Insurance Company has hosted representatives of the British United Insurance Brokers (UIB) and Japanese insurer, Sompo. The purpose of the meeting was to increase the...
View ArticleRouhani Outlines Plans for Growth
President Rouhani described the new plans and policies of the government for economic growth, the most important foreign relations plans, and regional and global issues in a live television interview....
View ArticleIranian Stocks continue Two-Year Slump
By Morteza Ramezanpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Lingering ambiguities, cuts in company earnings,...
View ArticleNegotiations with 15 Int’l Petchem Financiers
Iran’s major petrochemical firm, Persian Gulf Holding, is in business talks with 15 major foreign companies in a bid to finance it projects. “In line with the policy to develop the petchem sector and...
View ArticleBritish, Swedish Firms Shortlisted to Insure Iranian Tankers
The Director of Commerce of the National Iranian Tanker Company (NITC) has said that two major British and Swedish insurance companies have been selected to provide coverage for Iranian vessels....
View ArticleFrench Insurers Eager to Invest in Iran
Chairman of the Board of French insurance group NASCO met and talked with the President of Iran Central Insurance and announced the company’s readiness to cooperate with Iranian insurance companies....
View ArticleRussia to Open $5bn Iran Credit Line
By John Lee. Russia plans to open a US$5 billion credit line for Iran to help finance infrastructure projects in the country, according to a report from AFP. During a visit by Moscow’s energy minister,...
View ArticleIran, Russia to Establish Joint Bank
By John Lee. Iran and Russia agreed on Thursday to set up a joint bank to help facilitate financial transactions between the two countries. The agreement was announced by the Central Bank of Iran...
View ArticleIran Buys Shares of AIIB Bank
Iran’s Deputy Economy Minister, Mohammad Khazayee, has said that Iran has finalized the purchase of a 2.8 per cent stake in the Asian Infrastructure Investment Bank (AIIB) which has recently been...
View ArticleDeutsche Bank Fined for Sanctions Violations
The US Federal Reserve Board on Wednesday announced a $58 million penalty and consent cease and desist order against Germany’s Deutsche Bank AG related to violations of U.S. sanctions. The Federal...
View ArticleGDP Growth of 1% in 1H
Iran’s economic output grew by 1 percent in the first half of the current fiscal year (started March 21), according to preliminary data released from the Statistical Center of Iran. Growth in...
View ArticleSouth Africans Conclude Successful Visit to Iran
Deputy President Cyril Ramaphosa concluded a successful three-day working visit to the Islamic Republic of Iran on Monday, 9 November 2015 where he led a high level government and trade delegation to...
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Much-Awaited Future Energy Forum Opens for Membership
Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in...
View ArticleIran Export Development Bank, Russian Bank sign MoU
The Export Development Bank of Iran (EDBI) and RFC Bank of Russia have signed a Memorandum of Understanding (MoU) on banking cooperation in the twelfth session of the Joint Commission on Economic and...
View ArticleThailand, Iran Target Trade of $1.2bn
Thailand and Iran are aiming to boost trade between the countries to US$1.2 billion in three years, up from $300 million in 2014. The Thai government has just sent its first mission to Iran, meeting...
View ArticleGerman, Iranian Banks to Cooperate
The Iranian Bank of Industry and Mines and the German KFW Development Bank have agreed to cooperate extensively after the removal of the sanctions, Ali Ashraf Afkhami, chairman of the board of...
View ArticleIran, Switzerland Hold Talks in Tehran
The Deputy foreign minister for Euro-American affairs has said that now is the right time for planning further economic activities between Iran and Europe. Majid Takht-e Ravanchi made the remarks in a...
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