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News Archive
27
Jul ,2016

Banks Move Rapidly in Rebuilding Correspondent Relations

The governor of the Central Bank of Iran said after the easing of sanctions in January, the number of correspondent relations between Iranian banks and their foreign peers has increased [...]
20
July ,2016

Iran Signs Solar Power MoU With UK

The Energy Ministry and the British Photovoltaic Association (BPVA) signed a memorandum of understanding on the construction of a 1000-megawatt solar power plant in Iran [...]
20
July ,2016

Italy Gears Up for €4b Iran Rail Project

Tehran and Rome have signed a document, which stipulates Italy constructing two high-speed railroads in the Islamic Republic [...]
10
July ,2016

FINEX 2016 Opens in Tehran

While stock markets in Tehran are going through a lull of activity, companies are preparing for the Ninth International Exhibition of Exchange, Bank and Insurance, also known as FINEX 2016, which opens in Tehran on Sunday [...]
10
July ,2016

Global Reconnect Kindles Iran Payment Industry

Banks in Iran can again conduct cross-border transactions with international counterparts, thanks to the withdrawal of international sanctions in January [...]
7
July ,2016

Taxation in Iran

Iran National Tax Administration’s taxation overhaul is continuing with more details of it getting spilt out by government authorities. The recent plan is to offer tax cuts for companies that hire more people. [...]
6
July ,2016

Tax holiday in Iran - Value added tax in Iran

Iran’s Hoteliers Society is planning to call on the Majlis to remove the value-added tax (VAT) from rooms and grant hotels permanent exemption from income tax. [...]
5
July ,2016

Free zones in Iran

According to Arvand Free Zone Organization, more than $1.4 billion worth of non-oil goods were exported from the region in the last Iranian year [...]
29
June ,2016

Agro Outsourcing: Alternative Way to Ensure Food Security

Food security refers to availability of healthy and sufficient food resources, which is a main concern of governments and policymakers worldwide [...]
21
June ,2016

Hermes Reopens Export Guarantees for Iran

Iran's ambassador to Berlin says the Hermes cover debt has been repaid and as a result, Euler Hermes coverage will resume soon. [...]
19
June ,2016

Petroleum Products Export Taking Off From Asalouyeh

The first cargo of oil byproduct was loaded at Asalouyeh in the southern Bushehr Province and left the port for an unnamed destination in the Persian Gulf region. [...]
7
June ,2016

Iran Oil Export Surge Faster Than Expected

More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters show, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January. [...]
7
June ,2016

Structural Issues Hindering Economic Recovery

Domestic critics of the government are questioning the results of the nuclear deal with the West and fretting over weak recovery [...]
5
June ,2016

Muhammad Ali Boxing Legend Passes away

Muhammad Ali, the magnificent heavyweight champion whose fast fists and irrepressible personality transcended sports and captivated the world, has died. He was 74 [...]
5
June ,2016

Iran Men’s Volleyball Team Qualifies for Rio Olympics

Iran men’s national volleyball team qualified for the 2016 Summer Olympics in Rio de Janeiro, Brazil, after beating Poland 3-1 at Tokyo Metropolitan Gymnasium on the 6th day of the Men’s World Olympic Qualification Tournament in Japan on Saturday. [...]
30
May ,2016

Melli Bank London Reopens

Melli Bank London Plc, has obtained operation license from the UK’s banking regulators and is ready to provide services in the European Union, said its CEO, Ghulam Hossein Asgharzadeh Zaferani on Saturday [...]
30
May ,2016

Iran Remains World’s 14th Largest Steelmaker

Iran maintained its position as the world’s 14th largest crude steel producer by manufacturing 16.1 million tons of the industrial material in 2015, despite a 200,000-ton drop compared to a year before, according to the latest report by the World Steel Association [...]
28
May ,2016

Germany Signs $11b MoU on Petrochem Cooperation

Germany's Abels Decker Kuhfuss Lenzen (ADKL) signed a landmark memorandum of understanding in Tehran this week that paves the way for Europe's largest economy to mark an important foothold in Iran's burgeoning petrochemical sector [...]
28
May ,2016

Standard CAR Will Help Underpin Int’l Reintegration

The Central Bank of Iran is pushing banks to meet the standard capital adequacy ratio (CAR) to make them eligible for reintegration into the global banking system, CBI Governor Valiollah Seif said at the closing [...]

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