Middle East Economic Survey
Iran Grants Standard Chartered Free Zone Banking License
The Iranian authorities have awarded Standard Chartered Bank a license to open a branch in Irans free trade zone at Kish Island, the bank announced on 22 July. The license was initially approved by the Central Bank of Iran (CBI) last May, making Standard Chartered the first foreign bank to be granted approval for a full branch in Iran (MEES, 24 May). Other than a...