US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said today.
News ID: 9647 Publish Date : 2020/05/31
Iranian Finance and Economic Affairs Minister Farhad Dejpasand said 10 quadrillion rials (over $238 billion) is needed to reach a desirable economic growth, IRNA reported.
News ID: 9638 Publish Date : 2020/05/31
Head of Trade Promotion Organization (TPO) of Iran announced the launching of an integrated system for processing the requests for loans (in local currency rial) submitted to the National Development Fund (NDF).
News ID: 9634 Publish Date : 2020/05/31
Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said the bank has managed to supply over $3 billion foreign currency for importing basic goods in the first two months of the current Iranian calendar year (March 20-April 19).
News ID: 9611 Publish Date : 2020/05/29
Central Bank of Iran (CBI) in a statement on Tuesday announced that the annual inflation rate for the current Iranian calendar year (ends on March 20, 2021) is set to be 22 percent.
News ID: 9603 Publish Date : 2020/05/28
Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said the country’s non-oil exports are improving following a downtrend of the coronavirus cases in the country, IRNA reported.
News ID: 9565 Publish Date : 2020/05/21
Since last Wednesday, nearly 18,000 employers and economic operators have registered at the Ministry of Cooperatives, Labor and Social Welfare’s Kara.mcls.gov.ir for coronavirus bailout assistance envisioned for distressed businesses
News ID: 9549 Publish Date : 2020/05/19
Iran’s deputy foreign minister for economic diplomacy expressed dissatisfaction with the volume of transactions that Tehran has been able to carry via a financial mechanism the EU has devised for trade with the Islamic Republic, known as INSTEX.
News ID: 9546 Publish Date : 2020/05/19
Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati says the bank is going to control the currency market just like it did in the previous year, IRNA reported.
News ID: 9533 Publish Date : 2020/05/19
Iranian Finance and Economic Affairs Ministry announced that the shares of three more banks will be offered in the country’s stock exchange via the exchange-traded fund (ETF), ILNA reported on Saturday.
News ID: 9520 Publish Date : 2020/05/17
Governor of Central Bank of Iran (CBI) says promoting domestic production is the main priority of the country’s banking system in the current Iranian calendar year (started on March 19), the bank’s portal reported.
News ID: 9462 Publish Date : 2020/05/10
Export Guarantee Fund of Iran (EGFI) has increased its capital by $200 million, IRNA reported on Sunday, quoting the head of the fund. According to Afrouz Bahrami, after the mentioned increase the EGFI’s capital has reached $300 million.
News ID: 9461 Publish Date : 2020/05/10
KORE Mining (TSXV: KORE) on Friday announced a non-brokered private placement of C$3 million consisting of 6.66 million shares at a price of C$0.45 per share.
News ID: 9434 Publish Date : 2020/05/09
The Central Bank of Iran has updated and communicated the list of businesses directly hurt by the coronavirus outbreak to banks across the country, which are eligible to receive loans.
News ID: 9423 Publish Date : 2020/05/08
Iranian parliament (Majlis) approved a government’s bill proposed by the Central Bank of Iran (CBI) for eliminating four zeros from the national currency, CBI governor wrote in an Instagram post on Monday.
News ID: 9411 Publish Date : 2020/05/04
UK bank HSBC has accused Singapore oil trading company Zenrock Commodities Trading of dishonestly obtaining multiple sources of financing for crude cargoes, according to court documents seen by Argus.
News ID: 9378 Publish Date : 2020/05/08
Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking Corp. said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group Ltd. as the last of the country’s big four yet to commit to dropping the most polluting fuel.
News ID: 9323 Publish Date : 2020/05/05
Iranian parliament (Majlis) approved a government’s bill proposed by the Central Bank of Iran (CBI) for eliminating four zeros from the national currency, CBI governor wrote in an Instagram post on Monday.
News ID: 9313 Publish Date : 2020/05/05
Iranian President Hassan Rouhani praised the Central Bank of Iran (CBI) for its efforts to cope with the domestic demands and provide the necessary funding amid the severe international conditions.
News ID: 9298 Publish Date : 2020/05/02
Iran’s Ministry of Industry, Mining and Trade’s data show that 335.77 trillion rials (nearly $7.99 billion) has been paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress during the previous Iranian calendar year (ended on March 19).
News ID: 9294 Publish Date : 2020/05/03
