No Buyers for Oil Offer via IRENEX

National Iranian Oil Company found no buyers at its 10th round of crude oil offer on the Iran Energy Exchange, despite the Oil Ministry’s efforts to improve the purchasing terms, IRENEX data shows. 
NIOC offered two million barrels of light crude oi…

National Iranian Oil Company found no buyers at its 10th round of crude oil offer on the Iran Energy Exchange, despite the Oil Ministry's efforts to improve the purchasing terms, IRENEX data shows.  NIOC offered two million barrels of light crude oil at a base price of $67.28 per barrel on...

Deadline Extended for Selling Shares of 5 Merged Banks

According to a notice by Central Bank of Iran, the previous deadline for selling shares of five merged banks and credit institutions has been extended for 15 working days ending on June 13. 
The CBI in March announced a plan to merge Ansar Bank, Ban…

According to a notice by Central Bank of Iran, the previous deadline for selling shares of five merged banks and credit institutions has been extended for 15 working days ending on June 13.  The CBI in March announced a plan to merge Ansar Bank, Bank Hekamt Iranian, Mehr Eqtesad Bank, Ghavamin...

Afghanistan Bans Iran’s Arian Bank

The Central Bank of Afghanistan has annulled the operating license of the only Iranian bank which was active in that country.
Arian Bank started its operations under a joint venture between Bank Melli of Afghanistan Iran’s Sedarat Bank in 2004.
How…

The Central Bank of Afghanistan has annulled the operating license of the only Iranian bank which was active in that country. Arian Bank started its operations under a joint venture between Bank Melli of Afghanistan Iran’s Sedarat Bank in 2004. However, officials at the Central Bank of...

Persian Gulf Insurance Rates Rise

Lloyd’s of London insurance market has widened its list of areas in and around the Persian Gulf posing “enhanced risk for marine insurers” after attacks on ships off the UAE.
Lloyd’s said that the Persian Gulf, part of the Gulf of Oman, Oman and the…

Lloyd's of London insurance market has widened its list of areas in and around the Persian Gulf posing "enhanced risk for marine insurers" after attacks on ships off the UAE. Lloyd's said that the Persian Gulf, part of the Gulf of Oman, Oman and the United Arab Emirates had been added to the...