Bahrain needs to make significant spending cuts to restore stability to its budget and improve investor confidence as the smallest economy among Persian Gulf Arab monarchies tries to manage the impact of lower oil prices, the International Monetary Fund said, Arabian Business reported.
News ID: 1094 Publish Date : 2017/04/13
According to data released by the Central Bank of Iran, the monetary base exceeded 1.7 quadrillion rials ($46 billion) for the 12 months to Jan. 19, registering a 17.3% increase year-on-year.
News ID: 1083 Publish Date : 2017/04/13
The Central Bank of Iran has issued a new directive in line with anti-smuggling laws, based on which individuals holding more that €10,000 would be subject to an official probe.
News ID: 1078 Publish Date : 2017/04/13
The 10th International Exhibition of Exchange, Bank and Insurance is scheduled for April 15-18 at Tehran’s international permanent fairgrounds.
News ID: 1077 Publish Date : 2017/04/13
The Iranian banking system will focus on increasing production and improving employment in the current fiscal year in line with the guidelines provided by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei.
News ID: 1063 Publish Date : 2017/04/10
Tehran- Iran's inflation rate stood at nine percent during the past Iranian calendar year of 1395 (ended on March 20, 2017), according to the latest report released by the Central Bank of Iran (CBI).
News ID: 1039 Publish Date : 2017/03/30
The Central Bank of Iran hosted a meeting to analyze obstacles to the implementation of the International Financial Reporting Standards.
News ID: 1027 Publish Date : 2017/03/10
The rial was quoted at 37,240 to the US dollar on Wednesday, gaining 0.59% against the greenback compared with Tuesday's close.
News ID: 1023 Publish Date : 2017/03/10
A number of top-tier officials have reacted to a New York Times story reporting that $1.6 billion of the Central Bank of Iran’s assets have been frozen by a court in Luxembourg / Economy Minister Ali Tayyebnia hopes the Luxembourgian court will rule in Iran’s favor
News ID: 1020 Publish Date : 2017/03/10
The Office of Foreign Assets Control affiliated with the US Treasury Department has allowed American citizens to open accounts in Iranian banks, said the Central Bank of Iran’s deputy for foreign finance.
News ID: 1019 Publish Date : 2017/03/08
The establishment of a joint bank account between Iran and Indonesia will foster financial cooperation and facilitate bilateral transactions, said the Central Bank of Iran’s governor.
News ID: 1008 Publish Date : 2017/03/03
The government's measures to plump up the capital cushion of public-sector banks will see the capital of Bank of Industry and Mine rise to 60 trillion rials ($1.5 billion), announced the bank's CEO.
News ID: 961 Publish Date : 2017/02/08
Central banks of Iran and Turkey on Wednesday signed an agreement to work on addressing current banking issues between the two countries including integrating the two countries' payment networks and using national currencies for bilateral trade.
News ID: 929 Publish Date : 2017/01/26
The accord created a capacity so that non-American banks and credit institutions could cooperate with Iranian banks and credit institutions without fearing sanctions
News ID: 889 Publish Date : 2017/01/20
Bank Melli Iran announced it can now transfer money overseas for individuals, as the bank expands its international ties in the post-sanctions era.
News ID: 872 Publish Date : 2017/01/15
International sanctions hampered Iran's ability to connect with the global banking network, but the country now has secured correspondent relations with 900 banks across the world, announced the minister of communications and information technology.
News ID: 847 Publish Date : 2017/01/08
Azerbaijan intends to expand banking cooperation with Iran, said Azerbaijan’s Economy Minister Shahin Mustafayev.
News ID: 810 Publish Date : 2016/12/30
A private-sector representative has welcomed the Central Bank of Iran’s recent decision to allow banks to handle foreign exchange transactions at a free-market rate by calling it a “good opportunity”.
News ID: 804 Publish Date : 2016/12/30
The Brazilian government has not pressured state-run banks to free up credit and reduce their spread, but interest rates are likely to fall as the central bank’s benchmark Selic rate continues to drop, state-controlled Banco do Brasil Chief Executive Officer Paulo Rogerio Caffarelli said on Tuesday.
News ID: 795 Publish Date : 2016/12/29
Morteza Mirmohammadi, Business & Markets Desk;
Iran's currency may be redenominated to reflect the over three-decade change in day-to-day financial lingo.
News ID: 794 Publish Date : 2016/12/29
