Financial Tribune - Banks and credit institutions lent 137.6 trillion rials ($860 million) to 1,108 knowledge-based companies in the last fiscal year that ended on March 19. The figures indicate 74.5% hike on a year-year basis, according to a press release posted on the Central Bank of Iran website. Each company on average borrowed 124.2 billion ...

Daily look at Irans late-breaking news and upcoming events:   Iran slams chemical attack in Syria, urges disarmament of terrorist groups Foreign Ministry spokesman Bahram Qasemi said on Wednesday that Iran strongly condemns any use of chemical weapons in Syria regardless of the perpetrators and the victims.   Magnitude 6.1 quake strikes ...

Bahrains central bank has decided to close down an Iranian-owned lender in the tiny Persian Gulf country, the bank says. The central bank said it is taking steps to shut down Manama-based Future Bank, a joint venture between Iranian Bank Saderat and Bank Melli and Bahrain's Ahli United Bank. The move comes in the wake of Bahrains decision earlier ...

Britains sanctions on Iran are not limited to those of past times. At the beginning of 2007, the European Union (EU) member states, including Britain, have imposed new sanctions on Iran as part of global efforts to step up pressure against the countrys peaceful nuclear activities. Several Iranian banks have been under EU sanction in recent years without ...

According to anarticleby Jon Matonis in Forbes, the General Court of the EU has ruled that European Union sanctions against two of Irans largest private banks, Bank Mellat and Bank Saderat, must be reversed, due to lack of evidence that they are involve in Irans nuclear program. If the ruling stands, it would allow Iranian-Canadians to once again ...

(Reuters) - A European Union court has ruled that the EU should lift sanctions it imposed on one of Iran's largestbanks, the second such judgment that could complicate Western efforts to increase pressure on the Islamic Republic. The ruling further weakens the EU's sanctions regime imposed against Iran's nuclear program, just weeks before six powers ...