Home Loans  to Increase  for Elites
Economy, Business And Markets

Home Loans to Increase for Elites

The Central Bank of Iran has decided to increase the ceiling of home loans for elites by 60% to encourage them to stay in the country, the CBI’s website announced. The maximum amount of loans for these groups has been increased to 1.6 billion rials ($43,000), which would be granted to elites through banks with the approval of Iran’s National Elites Foundation. Deputy Foreign Minister Hassan Qashqavi said brain drain from Iran had soared during the tenure of former president, Mahmoud Ahmadinejad. Emigration from Iran declined by 30% in the last fiscal year (March 2015-16) compared to the year before. The current government’s mission is to provide elites with as much facilities and funds as possible. According to Ali Asghar Saeedi, sociologist and lecturer at Tehran University, elites mostly immigrate to make use of their specialties to enhance their financial status.

Short URL : https://goo.gl/wVTWwp
  1. https://goo.gl/WpmnJI
  • https://goo.gl/uryc6k
  • https://goo.gl/poHdNt
  • https://goo.gl/rnAWq1
  • https://goo.gl/kKvmlr

You can also read ...

EU Rushes to Protect Economic Interests in Iran
With a reputation of a slow-working institution that only gets...
Swiss Firms Preparing to Quit Iranian  Market Over US Sanctions Risks
Several Swiss newspapers on Sunday reported that Swiss firms...
Chabahar’s Shahid Beheshti Port: Cheapest Business Option in Region
With new moderated prices for services offered at Chabahar’s...
German Companies Cannot Be  “Totally Shielded” From US Iran Move
The German government will help German firms with business in...
New Report Reveals Banks’ NPL Ratio Gap
A senior member of Majlis Article 90 Commission presented the...
Tehran Startup  Studio Launched
The University of Tehran and the Noor Credit Institution have...
Tehran Stocks Unshaken by US Nuclear Deal Pullout
Iran nuclear deal seems to be on life-support these days, as...
HTC’s Next Flagship Specs Leaked
A testing subdomain on HTC’s website has confirmed the already...

Add new comment

Read our comment policy before posting your viewpoints