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Tehran, Damascus ink MOU on banking cooperation

2 September 2019 - 17:04
Central banks of Iran and Syria signed a memorandum of Understanding (MOU) on Monday for expansion of banking cooperation between the two countries, IRIB reported.

Iranian banks’ foreign assets up 13%

2 September 2019 - 16:16
The total value of Iranian banks’ foreign assets by June 21 stood at 9.245 quadrillion rials (about $220.11 billion), registering a 13-percent rise compared with the corresponding period of last year.

NIMA supplies over €7.19b for imports of basic goods

1 September 2019 - 22:52
Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €7.197 billion for imports of basic goods since the beginning of current Iranian calendar year (March 21) up to August 29, IRNA reported on Friday.

CBI mainly focuses on controlling liquidity, supporting domestic production: Hemmati

1 September 2019 - 22:49
Governor of Central Bank of Iran (CBI) said the bank’s current programs are mainly focused on controlling liquidity and supporting domestic production, IRNA reported on Saturday.

Iranian bank to open branch in India

1 September 2019 - 13:27
Iran’s Bank Pasargad is going to open a branch in India in the next couple of months to help boost trade between the two countries by providing a channel to bypass the U.S. sanctions which have blocked international banking channels, Financial Express reported.

No budget deficit in current year: PBO head

29 August 2019 - 01:53
Head of Iran’s Planning and Budget Organization (PBO) said despite the decrease in the country’s oil revenues the country won’t face any budget deficit in the current calendar year (ends on March 19, 2020).

Singapore delivered bunker premiums hit record high

28 August 2019 - 19:46
A shortage of bunker fuel and barges in Singapore has sent delivered premiums for 380cst high-sulphur fuel oil (HSFO) to record highs.

Tehran, Yerevan stress expansion of banking ties

27 August 2019 - 22:37
In a meeting in Yerevan on Tuesday, Iranian Ambassador to Armenia Kazem Sajjadi and Governor of Central Bank of Armenia Arthur Javadyan stressed the need for expansion of banking ties between the two countries, IRNA reported.

Russia to link banking system with Iran: envoy

26 August 2019 - 20:18
Russia’s Ambassador to Iran Levan Dzhagaryan said on Sunday that Russia and Iran are going to connect their banking systems in near future, IRNA reported.

Indian mills expect policies to reverse demand slowdown

26 August 2019 - 19:03
Indian steel market participants expect steel demand will pick up after the government increases public spending and brings in favourable policy reforms in October.
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