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Iran banks to open representative offices in UK, Italy, Germany
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Tehran - Central Bank of Iran (CBI) has reported that the Iranian banks are planning to establish their representative offices in three European countries of Britain, Italy and Germany.
Iran to Sign First Oil Deals in 2017: Wood Mackenzie
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Iran is set to sign major oil and gas deals with foreign companies in the second half of next year, its first such contracts since international sanctions were lifted in January, according to Wood Mackenzie Ltd.
Expect Retail Revolution in Iran
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When it comes to opportunities in e-commerce and retail, Iran holds great promise. Multiple-years of sanctions have kept global giants like Amazon and Apple out of the country. But now that the sanctions against the country have ended, Brittain Ladd,…
Iran to implement $645M projects to boost oil recovery rate
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The National Iranian South Oil Company (NISOC) plans to implement projects worth $645 million to increase oil recovery rate at its oil fields.
Turkish Foreign Minister Pays Surprise Visit to Iran
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Turkey's foreign minister says he has paid a surprise visit to Iran just days after the two countries agreed to greater cooperation on Syria despite their differences. Foreign Minister Mevlut Cavusoglu told Turkish state media on Friday that he stopped…
$515m in Loans for SMEs by Yearend
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Small- and medium-sized enterprises will receive 16 trillion rials ($515.3 million) worth of loans by the time the current fiscal year ends on March 20, said the head of the Monetary and Banking Research Institute.
Iran-Russia Trade on the Rise
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With the lifting of sanctions, trade between Moscow and Tehran has grown 70.9% in year-on-year terms, according to Russia's ambassador to Iran, Levan Dzhagaryan.
The International Monetary Fund (IMF) on Tuesday emphasized that Iran needs to fix its own banking s
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"The best thing the government can do, and the banks can do, is to bring those standards up to international levels and try to reassure foreign partners, banks and otherwise that Iran's banks are safe to deal with," David Lipton, IMF's…
How to conduct due diligence when you enter Iran? Several practical points explained
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Due diligence is helpful when there is major asymmetric information between two prospective partners or when a strategic market entry is being considered. A careful due diligence is therefore required if foreign firms try to enter Iran due to several…
Ijarah Sukuk for the Government of Iran
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The first ever subscription of Ijarah Sukuk for the Government of Iran, Ministry Of Finance, in consultation with Novin Investment Bank.