November 2015
Iran's Attorney General Dismisses Zanjani's Claim of €22 Billion Capital as False
Iran's Attorney General has rejected Babak Zanjani's claim of having €22 billion in cash to settle his debts, stating it is unsubstantiated. This claim was…
Egypt's Parliamentary Elections Held Without Strong Opposition Parties
The second phase of Egypt's parliamentary elections is underway with low voter turnout and the absence of strong opposition parties. President Abdel Fattah el-Sisi has…
Three-Day Visit of the Central Bank Governor of Iran to Germany
The Central Bank Governor of Iran, Valiollah Seif, visited Germany to discuss the normalization of banking relations ahead of the expected lifting of sanctions. He…
Justice Minister and Central Bank Chief: Zanjani's Statements are a 'Big Lie'
Babak Zanjani, an oil-related defendant in Iran, claimed in court to have 22 billion euros in cash, which officials have dismissed as a 'big lie'.…
Agreement on a 2% Reduction in Bank Interest Rates in Iran
Iran's banking officials have agreed to reduce the interest rate on one-year deposits from 20% to 18% and to lower the interest rate on loans…