Bahrain’s top court has upheld the verdict issued in what was described as the largest money laundering case in the history of the Kingdom, convicting the Future Bank and six of its officials, the Central Bank of ...
Iranian president Ebrahim Raisi has announced that his government will not be seeking to increase liquidity in the country and the country’s monetary base will not be increased. And he will decrease the budget deficit and inflation.
A US appeals court ruled on Friday that state-owned Turkish lender Halkbank can be prosecuted over accusations it helped Iran evade American sanctions, reported Reuters.
Iran has appointed Ali Salehabadi as head of the central bank, Iranian state TV reported on Wednesday, as the Islamic Republic’s economy reels under U.S. sanctions.
The top diplomats of South Korea and Iran held phone talks on Thursday to discuss Tehran's money frozen here under U.S. sanctions and ongoing multilateral efforts to restore the 2015 Iranian nuclear agreement, the foreign ministry said.
As Iranian citizens are suffering under the Iranian regime’s corruption and wrong economic policies, regime officials and the country’s state media are finally acknowledging that their part in these crises.
Despite the Iranian government’s rumors of fighting and eliminating corruption, increasing the people’s wages, removing the subsidies of the rich, and increasing the subsidies of the poor, solving the problem of housing by creating 1 million houses ...
Iran’s Bank Melli, the oldest and one of the biggest banks in the country is on the verge of bankruptcy after losing 675 trillion rials last year, equaling $2.8 billion in free market exchange rate. The losses ...
Gholam-Hossein Shafei, Chairman of Iran's Chamber of Commerce, has warned that the government needs to remove "domestic and international obstacles to production" in the face of a 57 percent drop in GDP, and revise economic policies to ...
After introducing the members of Iranian president Ebrahim Raisi’s economic team, it became clear that this government and its team have no specific plan for the country’s development and an economic boom as they have claimed before.
Iran’s Ministry of Labor has published its first official report about poverty in Iran that says in calendar year 1398 (March 2019-Mrch 2020) roughly one third of Iranians lived below the poverty line defined by an income ...
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