EghtesadOnline: Bank Sepah, the oldest Iranian bank, has denied reports in the local media that its Frankfurt branch has been subject to a new round of sanctions, saying foreign exchange operations of the branch remain unhindered.
EghtesadOnline: A few days after a 7.3-magnitude earthquake shook the western province of Kermanshah and the regions bordering Iraq, the president of the Central Insurance of Iran renewed his call about the necessity of establishing a natural disasters insurance fund.
EghtesadOnline: Tehran Stock Exchange’s main index TEDPIX gained 109 points or 0.1% during the fourth week of the month that ended on Nov. 15 to close at 88,005.9.
EghtesadOnline: After the US dollar’s recent bull run that pushed the value of greenback to its months-high record in Tehran’s open forex market on Monday, the American currency seems to be having more steady days.
EghtesadOnline: Iranian banks are expected to open their first branches in Munich as early as the next few months while the next stop is Austria, the secretary-general of Tehran Chamber of Commerce, Industries, Mines and Agriculture in Vienna announced late Thursday, saying this will resolve many trade issues.
EghtesadOnline: Tehran Stock Exchange’s main index gained 117.30 points or 0.13% to end Tuesday trade at 87,949.8.
EghtesadOnline: The total volume of term deposits attracted by the Iranian banking system in the six months to September 22 has hit 11.36 quadrillion rials ($275.4 billion), which indicate a growth of 25.5% year-on-year.
EghtesadOnline: The US dollar rose close to its highest registered value against the rial on Monday, as the Iranian currency also lost against a slew of other major currencies.
EghtesadOnline: Rial has depreciated more than 10% over the last three months against the US dollar and was quoted at 41,360 to the greenback at Tehran's foreign exchange market on Monday.
EghtesadOnline: In response to reports regarding the closure of Iranian bank accounts by UAE banks, the director general of International Affairs Department at the Central Bank of Iran has announced that the issue is only confined to the Emirates NBD banking group.