An Iranian deputy finance minister said an announcement last month by the World Bank about data collection irregularities used in compiling the annual Doing Business reports proved Iran was right in its criticism of the body and its rankings.
The Central Bank of Iran (CBI) has ordered a new limit on withdrawal of cash from banks amid toughening of rules on money laundering and also concerns about hoarding money because of the new coronavirus pandemic.
In a shocking incident, a woman was seen taking her 120-year-old mother to the bank in Naupada district of Odisha, India, to withdraw the latter's pension after the bank allegedly demanded physical verification of the account holder.
Iranian President Hassan Rouhani appreciated the efforts by the Central Bank of Iran (CBI) for unblocking Iran’s resources in foreign banks and emphasized on providing the necessary currency for the imports of basic goods.
A record jump in money flowing into Singapore bank accounts from abroad underlines the city-state's safe haven appeal during the COVID-19 pandemic and political uncertainty in rival financial center Hong Kong, analysts said.
The World Bank Board of Executive Directors approved a $39.5 million project to help South Asia build resilience to climate threats and disasters by sharing regional data and knowledge, developing regional standards and guidelines for infrastructure, and promoting climate-resilient policies and investments.
Police in India said officers suspecting thieves were behind the damage to an ATM in a bank kiosk reviewed security camera footage and discovered the machine had been partially disassembled by a curious monkey.
The Iranian government is to list its shares in three banks and two insurance companies to raise over $1 billion in new finances as more public firms launch initial public offerings (IPO) in a stock market where trade is booming like never before.
Moroccan lawmakers will investigate the profitability of banks before switching focus to cement makers as the government seeks to rally companies behind its efforts to revamp the economy and spur growth.