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Major Iraqi Bank Eyes Iran Branch

Major Iraqi Bank Eyes Iran Branch

Rasheed Bank, the second largest bank of Iraq, has requested to open a branch in Iran, Mohammed Shia al-Sudani, Iraq’s acting minister of industry and minerals, said. Noting that there are five active branches of Iranian banks in Iraq, the…
TCCIM Discusses

TCCIM Discusses Interest Rates, Double-Digit Inflation

Aroundtable meeting was held at Tehran Chamber of Commerce, Industries, Mines and Agriculture to discuss bank interest rates and their potential consequences, as well as the return of double-digit inflation rates, review statistics and provide…
Develop Iran's Salman Field

Japan's Toyo Signs Agreement to Develop Iran's Salman Field

Japan's Toyo Engineering Corporation on Monday signed an agreement with the National Iranian Oil Company and Petropars to develop the offshore Salman oil and gas field in the Persian Gulf.NIOC deputy chief, Gholamreza Manouchehri, Petropars…
CBI Notifies Key

CBI Notifies Key Job Creation Directive

The Central Bank of Iran has notified an executive directive to seven banks for allocating a major portion of their annual budgets for creating sustainable jobs through loans and incentives.“The executive directive for clauses A and B…
Shaheed Rajaee Port

Shaheed Rajaee Port Throughput Up 5%

More than 27.9 million tons of oil and non-oil goods were loaded and unloaded in Shaheed Rajaee Port during the first four months of the current Iranian year (March 21-July 22), registering a 5% increase compared with the corresponding period…