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To match feature GOLD-FIXING/...Gold bars stored in the HSBC vaults are seen in London November 16, 2007. Twice a day, representatives of five banks pick up the phone to trade physical gold and arrive at the London "fixing" price, which then becomes a benchmark for gold around the world.  To match feature GOLD-FIXING/    REUTERS/World Gold Trust Services/Handout   (BRITAIN).  EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. NO ARCHIVES. NO SALES.

Latest gold, forex rates in UAE: Gold eyes worst week since March
May 15, 2016

Gold edged higher on Friday after losing more than 1 per cent in the prior session, but was on track for its biggest weekly decline since March as a firmer US dollar cut the metal’s…

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Great economic potential for investment in Iran
April 27, 2016

Afkhami, Managing Director of Bank of Industry and Mine, says there is a significant economic potential for foreign investors in Iran that can create precious achievements for bilateral cooperation.In a meeting with the state of…


Dr. Seif: No restriction for Iran international banking activities
April 27, 2016

Governor of the Central Bank of Iran Dr. Valiollah Seif said on Sunday that there is no restrictions for Iran’s international banking activities, except for the US banks.Seif made the remarks in a meeting with…

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Iran intends to increase oil output: Analyst
April 26, 2016

An economic analyst said Iran intends to increase its daily oil product and return to the pre-sanctions time, adding that as long as it has not reached its previous position in the oil production and…


Islamic Development Bank issues $1.5 billion Sukuk
April 9, 2016

The Islamic Development Bank (IsDB) has issued a $1.5 billion five-year Sukuk as part of its $25 billion Sukuk programme.Kuwait state news agency KUNA reports the issuance was arranged by Emirates NBD Capital, Boubyan Bank,…


Iranian, Pakistani Banks Queue up to Open Branches
April 8, 2016

Speaking to reporters on Sunday, Seif said Bank Melli Iran and Pakistan’s Habib Bank are the first to open branches, adding that they have already sent proposals for opening branches.Three Iranian banks, Bank Pasargad, Saman…

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Engineering Insurance Seminar
April 7, 2016

RFIB, in collaboration with Starstone, a member of the Enstar Group, gave a presentation to the Iranian insurance community, on Monday 8 February 2016, at the Insurance Research Centre (IRC).Anthony Harris, Head of RFIB Middle…

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Paris ready to develope economic-industrial cooperation with Tehran
April 4, 2016

France Foreign Minister’s Advisor, Jacques de Lajugie said that there is suitable ground for Tehran-Paris economic and industrial cooperation and it is welcomed by France.Speaking in a meeting with Bank of Industry and Mines’ (BIM)…


Iran chief of staff on liberalization of economy.
April 1, 2016

Mohammad Nahavandian, chief of staff to Iranian president Hassan Rouhani, speaks to Lionel Barber, Financial Times editor, at the FT Iran Summit 2016 about oil contracts, the unwinding of sanctions and opponents of liberalisation of…

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Russia tries to mollify Iran on Saudi talks
March 26, 2016

Russia is apparently trying to placate Iran after a surprise agreement with Saudi Arabia on freezing oil production.The abortive effort came in the midst of Iran’s efforts to redeem its market share with stepped-up oil…

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