Tuesday 19th Feb 2019 

  • English
  • French
  • Deutch
  • Italian
  • Arab
  • Spanish
  • Albanian
  • English
  • French
  • Deutch
  • Italian
  • Arab
  • Spanish
  • Albanian

News: Iran Economy

Capital flight: A growing phenomena in Iran

Capital flight: A growing phenomena in IranBy Reza Shafa

Around 400,000 Iranians play a major role in the United Arab Emirates economy today. Since Ahmadinejad's ascendancy to power two years ago, the figure has doubled. The Iranians have invested billions of dollars in UAE because of fear over the feature economic uncertainties in Iran.

Print Email

Iran central bank governor steps down

Source: Agence France Presse
By: Farhad Pouladi

TEHRAN --  The head of the Iranian central bank has resigned, the third departure of a key economic policymaker from President Mahmoud Ahmadinejad's administration in just two weeks, the official IRNA agency reported Sunday.

Print Email

Big German Banks to Sever Most Iran Ties

by GLENN R. SIMPSON and DAVID CRAWFORD
Source: The Wall Street Journal
Deutsche Bank AG and Commerzbank AG, the two largest European banks to continue doing business with Iran despite recent U.S. pressure, say they will end most of their ties to Iranian companies.

The loss of ties to the two German banks could prove a serious blow to Iran unless it can quickly line up other banks to facilitate the country's international commerce. Iran transfers money through euro-denominated accounts at the two German banks and relies on them to finance trade deals, according to counterterrorism officials who monitor the global financial system.

Print Email

Deutsche bank quits Iran

FRANKFURT (MarketWatch) -- Deutsche Bank AG is exiting Iran due to the numerous requirements by German and international government agencies for which the costs exceed the return, a bank spokeswoman said over the weekend.

Print Email

US pressures German banks to halt business in Iran: report

Berlin (DPA) - The US Treasury has successfully put German financial institutions under severe pressure to cease all dealings with Iran, according to a report in the German news magazine Der Spiegel released on Saturday.

Der Spiegel said US Under Secretary for Terrorism and Financial Intelligence Stuart Levey had recently paid a visit in person to German banks and other companies.

Print Email

Spain's largest bank traded with blacklist Iranian bank

Source:Telegraph
By Katherine Griffiths
Santander, one of Europe's biggest banks, has been trading with an Iranian bank that is blacklisted by the US for allegedly financing nuclear proliferation.

Santander, Spain's largest bank and the owner of Abbey in the UK, was doing business with Teheran-based Sepah as recently as March, The Daily Telegraph can reveal.

Print Email

Contact Us

Copyright © 2019 NCRI - National Council of Resistance of Iran. All Rights Reserved.