IRNA reported Iran has completed the legal and administrative procedures required to establish a joint free-trade zone with Turkey at Khoy in northwest Iran and is awaiting action from Turkey to advance and finalise the project. Hosein Forouzan, secretary of Iran’s Supreme Council for Free Trade-Industrial and Special Economic Zones, said the proposed joint zone has entered legal processes after negotiations and has been approved by the Iranian government; implementation will follow a bilateral

Swiss wealth-management firms have urged the government to postpone the planned Oct. 1 launch of a new centralized corporate ownership transparency register, citing data-security risks. The wealth management association requested a delay, warning that consolidating ultimate beneficial owner information for more than 500,000 companies and other legal entities in one repository would be an attractive target for cybercriminals. The register would be accessible only to designated authorities and financial institutions subject to AML rules and would not be public. The Swiss Bankers Association also raised cybersecurity and data-protection concerns. The appeal follows a late-July breach of a comparable Liechtenstein register in which unidentified hackers stole beneficial-ownership records for about 31,000 companies, foundations and trusts; investigators have not confirmed the attackers’ identity or motive.

Market sources say Greece and Israel plan to sign a $3.4 billion air-defence agreement.