S Korea KEXIM bank eyes 5b euro financing deal with Iran
The state-run Export-Import Bank of Korea (KEXIM) said on Tuesday it plans to sign an agreement with Central Bank of Iran on providing up to about 5 billion euros in financing for South Korean companies doing business there. The specialist trade financing bank said in a statement it plans to…
UK gov’t backs trade expansion with Iran
United Kingdom Export Finance has reintroduced a £50 million ($ 71.2 million) cover to support UK companies seeking to compete for business in Iran, following the lifting of the sanctions against Iran on Saturday. Francis Maude, UK’s minister for trade and investment, said the UK government fully supports expanding trade…
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World biggest solar power plant to be set up in Isfahan
World’s biggest solar power plant with the capacity of 1,000 megawatts will be set up in Sagzi in Isfahan with the contribution of German experts. Addressing the closing ceremony of the International Investment Opportunities Summit in Creative City of Isfahan late on Thursday, Ashton Flooring, representative of German Company, said…
Indonesian VP calls for Iranian company’s participation in infrastructure
Indonesian Vice-President Jusuf Kalla called for expansion of constructive and growing relations with Iran and underlined his country’s interests to develop economic ties with Tehran. He made the remarks in his work office in Jakarta on Thursday while receiving Iran’s Ambassador to Indonesia Valiollah Mohammadi and a number of directors…
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…
EU and US poised to lift Iranian sanctions this weekend
Reconnecting Tehran to the global economy set to have huge ramifications for the global economy, especially the oil market The Iranian capital, Tehran, at sunrise. Photograph: Alamy The European Union and US are expected to formally lift sanctions against Iran this weekend, dismantling an intricate network of punitive measures…
Pakistan ready with last part of LNG pipeline link to Iran
Chairman of Pakistan’s Oil and Gas Development Company said that his country is ready to complete the short final pipeline spur that would enable it to import natural gas from Iran once sanctions are lifted. “In the very near future we expect delegations from the two countries to meet,” the…
Post-sanctions Iran ready to attract petchem investments
Iran’s petrochemical industry is ready to attract new domestic and foreign investments in a bid to boost completion of its development projects, said a board member of the National Petrochemical Company (NPC). “The current setting in Iran’s petrochemical industry has created a promising prospect for investment which is a precious…
Airbus says in contacts with Iran
Airbus says it has made contacts with Iran to re-enter the country’s aircraft market which has a potential order list for 500 commercial planes. “We have made some contacts, yes,” the Financial Times quoted head of Airbus’s passenger jet unit Fabrice Bregier as saying. Iran has been on the radar…
