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SPECIAL REPORT BANKING
Iran’s five commercial banks are supplemented by five specialised banks. Chief among them is the Bank of Industry & Mines. The others are Bank Refah Kargaran (Workers’ Welfare Bank); Bank Tosee Keshavarzi (Agricultural Development Bank); Bank Maskan (Housing Bank); and Export Development Bank of Iran. There are also two Iranian banks registered abroad: one is UK-registered Iran Overseas Investment Bank; the other is Hamburg-based Europaisch-Iranische Handelsbank.
Saudi Arabia has volunteered to cut 400,000 b/d over and beyond the 500,000 b/d collective production curb agreement reached in Vienna on 6 December
Political solution needed to ease tensions in the Gulf and reduce risk to vessels in the Strait of Hormuz
Chinese investment proposal comes amid US economic sanctions on Iran
Iranian airports handled more than 57 million passengers in the fiscal year ending March 2018
