The coronavirus pandemic has created an economic crisis “like no other” — one that is “way worse” than the 2008 global financial crisis, the International Monetary Fund’s top official said on Friday.
“Never in the history of IMF have we witnessed th…
The coronavirus pandemic has created an economic crisis “like no other” — one that is “way worse” than the 2008 global financial crisis, the International Monetary Fund’s top official said on Friday.
“Never in the history of IMF have we witnessed the world economy come to a standstill,”...
OPEC Fund for International Development has approved $500,000 in emergency grant to purchase and distribute medical equipment needed for combating COVID-19 in Iran.
The grant is set to be channeled through World Health Organization, OFID’s official…
OPEC Fund for International Development has approved $500,000 in emergency grant to purchase and distribute medical equipment needed for combating COVID-19 in Iran.
The grant is set to be channeled through World Health Organization, OFID's official tweeter account announced on Wednesday.
In...
Turkey’s state-owned Halkbank pleaded not guilty Tuesday (March 31) to US charges that the bank helped Iran evade sanctions on billions of dollars in oil funds.
The plea, entered on behalf of the company by its lawyer, Robert Cary, comes after month…
Turkey’s state-owned Halkbank pleaded not guilty Tuesday (March 31) to US charges that the bank helped Iran evade sanctions on billions of dollars in oil funds.
The plea, entered on behalf of the company by its lawyer, Robert Cary, comes after months of legal wrangling over the bank’s response...
European companies exported medical supplies to Iran as part of a mechanism set up to circumvent US sanctions.
The two sides have struggled over the past year to establish the barter system, known formally as the Instrument in Support of Trade Excha…
European companies exported medical supplies to Iran as part of a mechanism set up to circumvent US sanctions.
The two sides have struggled over the past year to establish the barter system, known formally as the Instrument in Support of Trade Exchanges (INSTEX).
Europe and Iran completed their...
The government has approved a large package to help low-income households and struggling businesses impacted by the rapidly spreading coronavirus.
An estimated 750 trillion rials ($4.6 billion as per current exchange rates) will be on offer. The lo…
The government has approved a large package to help low-income households and struggling businesses impacted by the rapidly spreading coronavirus.
An estimated 750 trillion rials ($4.6 billion as per current exchange rates) will be on offer. The loans will be given to small and medium...
Iran Fara Bourse, the junior market for trading bonds and equities, has launched a altruistic crowdfunding campaign to help fund efforts to contain the spread of COVID-19.
According to IFB’s website, the initiative was launched on Tuesday in coordi…
Iran Fara Bourse, the junior market for trading bonds and equities, has launched a altruistic crowdfunding campaign to help fund efforts to contain the spread of COVID-19.
According to IFB’s website, the initiative was launched on Tuesday in coordination with Health Ministry with the aim to...
Embattled UK lender Metro Bank has been hit with a fresh lawsuit by a group of Iranian customers who say their accounts were unfairly suspended without notice or explanation.
The group of 17 claimants, who are expected to seek at least £۱٫۵ million …
Embattled UK lender Metro Bank has been hit with a fresh lawsuit by a group of Iranian customers who say their accounts were unfairly suspended without notice or explanation.
The group of 17 claimants, who are expected to seek at least £1.5 million in damages, include dual British-Iranian...
The governor of the Central Bank of Iran on Wednesday outlined financial aid to help mitigate economic losses arising from coronavirus outbreak.
Speaking on the sidelines of a Cabinet meeting with business leaders, Abdolnasser Hemmati said banks wi…
The governor of the Central Bank of Iran on Wednesday outlined financial aid to help mitigate economic losses arising from coronavirus outbreak.
Speaking on the sidelines of a Cabinet meeting with business leaders, Abdolnasser Hemmati said banks will lend to four million businesspeople affected...
The Ministry of Economy has sent requests to multilateral development banks, in which Iran is a member, for financial and non-financial assistance for controlling, combating and treating the coronavirus.
According to a press release on the ministry’…
The Ministry of Economy has sent requests to multilateral development banks, in which Iran is a member, for financial and non-financial assistance for controlling, combating and treating the coronavirus.
According to a press release on the ministry's websites, the requests along with a list of...
Insurance companies in Iran have provided nearly 4.5 trillion rials ($30 million) to medical centers affiliated to the Ministry of Health to help them overcome financial constraints amid the Coronavirus spread.
Gholamreza Soleymani, head of Central…
Insurance companies in Iran have provided nearly 4.5 trillion rials ($30 million) to medical centers affiliated to the Ministry of Health to help them overcome financial constraints amid the Coronavirus spread.
Gholamreza Soleymani, head of Central Insurance company of Iran, said the money was...