IDB to finance 125m euro loan for Tehran WWTP project
Deputy Head of Tehran Sewage Treatment Company for Engineering and Development Affairs Farhad Jalali Amin says Islamic Development Bank will meet 125 million euro of the credit needed for Tehran sewage treatment projects. Jalali Amin further told reporters that the credit will be spent on the project for establishment of…
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…
IDB allots €87m to dam construction project in Iran
Islamic Development Bank (IDB) will provide €87 million finance for the project of building Sarney dam near the city of Minab in Iran’s southern province of Hormozgan, according to Mohammad Honarbakhsh, the director of project. Honarbakhsh said the mentioned fund will also finance construction of a water transmission system and…
