EghtesadOnline: German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States.
EghtesadOnline: Security solutions supplier Westminster Group PLC said on Tuesday it has placed two projects in Iran on hold, as US President Donald Trump has decided to reimpose sanctions on the Islamic Republic.
EghtesadOnline: The funds attracted from the Eximbank of Russia will be mainly used for implementing infrastructure projects and not importing consumer goods, the director of the Organization for Investment, Economic and Technical Assistance of Iran announced.
EghtesadOnline: Months after the Central Bank of Iran clinched an agreement with the Export Insurance Agency of Russia to pave the way for Russian banks to fund Iranian projects, four Iranian banks have signed an "unlimited finance deal" with the Eximbank of Russia.
EghtesadOnline: In a business forum held in Rome on Monday, scores of Italian investors and economic officials voiced readiness to further expand their presence in various Iranian projects once all banking obstacles are removed.
EghtesadOnline: Tehran and Prague are going to sign an accord to secure investments in both countries, including opening a €100-million credit line for Iranian projects, said the Czech Republic envoy to Iran on Saturday night.
EghtesadOnline: According to Iran’s budget bill for the 2017-18 fiscal year, the government is allowed to attract up to $55 billion in foreign finance, of which projects using $30 billion have already been specified, a deputy roads and urban development minister said.
EghtesadOnline: China's ambassador to Iran said the channel for facilitating new finance from the world's second largest economy is open for Tehran, assuring the Iranian business community that recent banking hurdles and the alleged closure of Iranian account are only temporary.
EghtesadOnline: The government of President Hassan Rouhani and Khatam al-Anbiya Construction Headquarters, an engineering conglomerate affiliated to the Islamic Revolution Guards Corps, have reached an agreement on the scope of the latter’s engagement in the country’s development projects.
EghtesadOnline: The Asian Infrastructure Investment Bank is ready to finalize the assessment report on projects introduced by Iran to the China-based lender to receive funding, AIIB’s deputies announced.