News Categories

Top Banker: Iran May Get Part of Frozen Assets

25 March 2020 - 18:53
A portion of Iran’s frozen financial assets will likely be freed for the purchase of medicine and basic commodities, the governor of the Central Bank of Iran said.

Iran Blasts World Bank for No Invitation to Anti-Coronavirus Meeting

23 March 2020 - 21:28
Iran lashed out at the World Bank for not inviting the country to an initiative by the WB and the International Monetary Fund (IMF) to coordinate efforts in the Middle East and North Africa (MENA) region to fight against the coronavirus pandemic.

Volume of Iran’s Foreign Trade Increases despite Sanctions

22 March 2020 - 19:08
Head of Iran’s Customs Office Mehdi Mir Ashrafi announced that the country’s volume of exports and imports hit a record high despite the harsh US sanctions.

Iranians Suing UK Bank for Blocking Accounts, Seeking £1.5mln in Damage

18 March 2020 - 19:31
A group of Iranian nationals are suing troubled British lender Metro Bank for suspending their accounts without prior notice or explanation.

Recession is coming; gold prices to hit new record highs, but when?

17 March 2020 - 20:49
Banks have slashed their global and U.S.-specific growth forecasts due to the COVID-19 outbreak, stating that recession is on its way.

Central Bank of Iran: Q3 Growth at 1.2%

16 March 2020 - 20:32
Iran's gross domestic product in the third quarter of the current Iranian year (March 21-Dec. 21, 2019) stood at +1.2%, Governor of the Central Bank of Iran Abdolnasser Hemmati wrote in an Instagram post.

Iran Applies for $5 Billion Loan from IMF to Battle Coronavirus

12 March 2020 - 19:29
The Governor of the Central Bank of Iran said he has asked the International Monetary Fund for a $5 billion loan that would help the country deal with the outbreak of COVID-19, saying the IMF’s response will be a litmus test for claims about relief aid for containing the disease.

Majlis releases draft of revised budget bill for next year

5 March 2020 - 02:54
Iranian parliament’s ad hoc budget review committee has released the revised version of the administration’s budget bill for the next Iranian calendar year (starting March 20), after the Leader of Islamic Revolution Ayatollah Ali Khamenei approved the parliament’s request for taking necessary actions on the matter.

Opec+ discussing cuts of up to 1mn b/d: Delegate

4 March 2020 - 19:36
Opec+ is discussing cutting as much as 1mn b/d from current oil production quotas, which could take the group's total cuts to 3.1mn b/d below October 2018 levels, sources say.

Budget review committee OKs €2.795b withdrawal from NDF

4 March 2020 - 12:26
Iranian parliament’s ad hoc budget review committee has passed a bill to allow withdrawing €2.795 billion from the National Development Fund (NDF) for compensating the next calendar year’s budget deficits.
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