ٍEghtesadOnline: The Cabinet on Wednesday approved a proposal calling for state-owned banks to raise their capital and enhance lenders' capital adequacy ratio, Economy Minister Ehsan Khandouzi said.
EghtesadOnline: Many of the people seeking to buy a home but can’t afford it in Tehran opt for one in surrounding cities.
EghtesadOnline: Tehran Province Water and Wastewater Company (Abfa) said in a statement on Saturday that water consumption in the capital has increased dramatically in the past 10 days and appealed to Tehran residents to avoid waste and unnecessary use to help its avoid supply cuts.
EghtesadOnline: Iran’s economic climate is indicative of the pressure exerted by sanctions, says Mohammad-Qoli Yusefi, professor of economics at Allameh Tabataba’i University.
EghtesadOnline: Iran Insurance Company, the largest and the only state-owned insurance company in Iran, is planning to increase its capital to 110 trillion rials ($817 million) before the current fiscal year ends in March, the company CEO said.
EghtesadOnline: Iran Central Organization for Rural Cooperatives (CORC), is a significant body for rural and agricultural development with more than 1000 Billion Rials of capital, Iran’s deputy agriculture minister said.
EghtesadOnline: Export Guarantee Fund of Iran, a state-owned export credit agency, is set to increase its capital by €100 million in the next (March 2020-21) budget and it is working hard to further increase this amount to enhance performance.
EghtesadOnline: The inefficient public transportation network in the Iranian capital has been repeatedly blamed for exacerbating Tehran’s suffocating air pollution, which recently hit the emergency level.
EghtesadOnline: Air pollution has become a source of serious concern to the Iranian capital’s residents in the absence of workable solutions, Tehran’s Mayor Pirouz Hanachi said while detailing plans to curb the all-pervasive smog.
EghtesadOnline: Banks and credit institutions in Iran are facing a myriad of challenges including cumbersome regulations and technical issues to boost capital through revaluation of their assets, a senior banking official said.