Latest articles from Iran

Hilary Clinton and Timothy Geithner announce sanctions on Iran

Sanctions leave Iran's banks short on partners and profits

December 1, 2011

The Iranian government is insistent that the growing number of sanctions on the country is not having a detrimental effect on the country's economy. Yet, with its banks limited by the financial instruments they can use and the international banks that they can partner, it is proving increasingly difficult for them to remain profitable.

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UN sanctions no barrier to determined banks

July 28, 2010

The UN sanctions that are restricting the activity of Iran's banking sector may be tough, but they are not stopping those determined to do business. Writer Spencer Anderson

Iran dominates in the world of sharia compliance

November 5, 2007

The Top 25 country ranking of the Top 500 Islamic institutions clearly demonstrates that Iran, Saudi Arabia and Malaysia are by far the three largest countries providing Islamic finance, with Iran’s total amounting to $154.6bn of sharia-compliant assets (SCAs) accounting for 30.9% of the global aggregate total of $500.5bn.

Investment opportunities amid political risk

July 2, 2007

Foreign banks are finding that the lure of Iran’s large population, oil-rich heritage and privatisation opportunities may outweigh the risks, writes Karina Robinson from Tehran.

Poet who’s unafraid of harsh words

July 2, 2007

Karina Robinson talks to Iran’s central bank governor Ebrahim Sheibany, about inflation, privatisation and the UN’s freezing of Iranian assets.

The start of an economic renaissance

November 6, 2006

Iranian minister of economics affairs and finance Davood Danesh Jafari talks to Stephen Timewell about his country’s privatisation drive, which will see some of its state-owned enterprises offered to the private sector.

Batten down the hatches

December 5, 2005

With Iran’s new president laying down the law on interest rates as well as hiring and firing the heads of many state banks, the sector is bracing itself for a stormy period. Gareth Smyth and Najmeh Bozorgmehr report from Tehran.

Banks upbeat on Iran’s surprise election result

August 1, 2005

Initial reticence about the election of Iran’s new hard-line president, Mahmoud Ahmadi-Nejad, has turned to optimism in the financial sector. Gareth Smyth and Najmeh Bozorgmehr report from Tehran.

Iran pushes for privatisation

December 2, 2003

Iran is set on a privatisation course to revive the economy and improve efficiency in its financial institutions. By Stephen Timewell and Mohsen Asgari in Tehran.

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