According to the Central Bank of Iran’s recent report, Iran economy grew 12.5% during April 2016 – March 2017 in comparison to the previous year, under an OPEC deal with the aim of eroding global inventories and lifting crude prices. Following the lifting of international sanctions against Iran in January 2016, oil production is allocated […]

The Indian Union Cabinet, chaired by the Prime Minister of India, Mr. Narendra Modi has officially approved the India Cyprus Merchant Shipping Agreement, which was signed in April this year. The India-Cyprus Merchant Agreement was signed with the aim to boost better cooperation and to eliminate the hurdles and challenges of traders, thus to develop […]

The governor of the Central Bank of Iran (CBI) announced 22 Iranian banks have linked-up with Oberbank, one of Austria’s largest banks, to boost economic and banking ties between Iran and Austria. Following the CBI governor, Valiollah Seif, recent talks with an Austrian banking delegation in Tehran, he stated that both countries’ central banks have […]

Chinese overseas investments in Europe and especially in Germany have grown exponentially in the past years. 2016 was a record-breaking year in terms of deals and volume transaction with respect to Chinese mergers and acquisitions. China’s outbound M&A grew by 246%, 3.5 times the previous record year in 2015. Among the European countries Germany was/is […]

H.E. Mr Nicos Anastasiades, the President of the Republic of Cyprus is currently on an official three-days state visit in Lebanon. On Monday Mr Anastasiades, his spouse, Mrs Andri Anastasiades and the members of the Cypriot delegation were officially welcomed by the President of Lebanon, Mr Michel Aoun at the Lebanese Presidential Palace in Beirut. […]

According to the Central Bank of Iran, 40 registered banks and credit institutions operate in Iran which there are five foreign banks among the active banks’ list. These licenced foreign banks which mostly located in Tehran and Kish Free Trade Zone, are as follows: ·         Hamburg-based Iranian-European Bank ·         Standard Chartered PLC ·         Iran-Venezuela Bi-National […]