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Al-monitor – The Central Bank of Iran (CBI) is stepping up its efforts to reform the country’s ailing banking system amid fears that inflation may pick up again. The monetary regulator is “serious” about the reforms, CBI Gov. Valiollah Seif said on the sidelines of a Cabinet meeting May 31. He added that efforts to control inflation will continue and …

Al-monitor – The crisis involving Saudi Arabia and its allies against Qatar has caught the attention of Iranian media, with many outlets considering the crisis an opportunity for Iran’s struggling economy while also warning the government not to take any sides in the “war among sheikhs.” AUTHOR Rohollah Faghihi The first reaction in Iran came from President Hassan Rouhani’s deputy …

PayvandNews – Problems in issuing Iran visas for U.S. nationals have been solved so that they can easily obtain the entry permission for traveling to the country, says the chief executive of the Iranian Tour Operators Association. The time of visa application for U.S. citizens has been reduced to two weeks as it took at least one month in the …

PayvandNews – In its latest report, the World Bank (WB) predicted a four-percent growth for Iran’s gross domestic product (GDP) in 2017. According to the same report, titled as Global Economic Prospects (June 2017), the forecasted Ian’s GDP growth in 2017 registers a 1.2 percent drop from the GDP growth previously predicted by WB in January 2017. The country’s GDP growth will …

PayvandNews – A senior Chinese diplomat has thrown his country’s weight behind Iran’s membership of the Shanghai Cooperation Organization (SCO), an emerging economic and security alliance jointly led by China and Russia. “China welcomes and supports Iran’s wish to become a formal member of the SCO,” Assistant Chinese Foreign Minister Li Huilai told reporters on Monday, ahead of the group’s summit …