China signs deal to provide Iran with $10bn in loans

China’s CITIC Group has signed an agreement with five Iranian banks to provide a credit line of $10 billion for Iran’s infrastructure projects. China has signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects – what is seen as the biggest economic…

Iran banks queue up to open branches in India

Indian bank executives say Iranian and Pakistani banks have lined up to open branches in India as bilateral trade was of interest for the banks, according to daily Business Standard. The officials say in the case of Iran, the lifting of sanctions has paved the way for direct relations. Three…

20 foreign banks say ready to work with Iran

Iran’s media said on Thursday that at least 20 foreign banks have announced readiness to cooperate with the country over international transaction issues as soon as the sanctions against Tehran are lifted. Mansour Tafazzoli, the director for international affairs of Parsian Bank has been quoted by ISNA news agency as…