All tagged Mehr Eqtesad

Iran to Merge Five Financial Lenders Linked With Military

◢ Iran will merge five lenders linked with military institutions into state-run Bank Sepah amid a wider push by President Hassan Rouhani for the armed forces to divest from businesses. The entities being consolidated include Ansar Bank, Ghavamin Bank, Hekmat Iranian Bank, Mehr Eqtesad and the Kowsar financial credit institution, the Central Bank of Iran said in a report on its website Saturday.

US Announces Sanctions on Key Iranian Paramilitary Force

◢ The US Treasury Department on Tuesday slapped sanctions on an Iranian paramilitary group along with a network of businesses that were providing it financing, as part of Washington's campaign of maximum economic pressure against Tehran. In announcing the sanctions, Treasury said a network of more than 20 businesses known as the Bonyad Taavon Basij was financing the Basij Resistance Force.