EghtesadOnline: Major Iranian Internet Service Provider Asia Tech and privately owned Middle East Bank have inked an agreement which entails bilateral collaborations between the two as well as investment in the ISP by the bank.
EghtesadOnline: Tehran Stock Exchange’s overall index closed the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2017) at 95,510, indicating an 11.3% rise from the beginning of that season and 23.3% from the beginning of the year, according to the Middle East Bank’s latest quarterly report.
EghtesadOnline: The point-to-point consumer price inflation rate reached 8.4% in the seventh month of the ongoing fiscal year (Sept. 23-Oct. 22) following its downward trend from the beginning of summer, but reversed course and rose by 1.6 percentage points to 10.0% at the end of the year’s third quarter.
EghtesadOnline: A board member of Middle East Bank, which alongside Bank of Industry and Mine was one of the two Iranian banks that clinched a €5 billion finance deal with Italy's Invitalia on Thursday, elaborated on the landmark deal.
EghtesadOnline: Iran’s monetary base grew by 16.6% to 1,863.7 trillion rials ($43.1 million) in June 22-July 22, 2017, 3.7 percentage points up from its level a year earlier.
EghtesadOnline: Based on the decisions approved and finalized as part of the annual general shareholders’ meeting of Middle East Bank held on Nov. 1, the lender will have a capital increase of approximately 1 trillion rials ($23.8 million), the private bank has announced.
EghtesadOnline: In its latest quarterly report on Iran’s economic performance, the Middle East Bank reviewed fluctuations in the country’s foreign exchange market in the last Iranian year (ended March 20, 2017).
EghtesadOnline: In its latest quarterly report on Iran’s economic performance, the Middle East Bank has reviewed changes in prices and inflation.
EghtesadOnline: Middle East Life Insurance Company, affiliated with the privately-owned Middle East Bank, officially started operating on Monday as the first specialized Iranian insurance firm.
EghtesadOnline: Government tax revenues in the first half of the current Iranian year of 1395 (started March 20, 2016) amounted to 433.1 trillion rials, which is below the legislated amount of 529.1 trillion rials but 29.6% higher than the corresponding figure of last year.