24398
EDBI Starts Coop. With Bank of China
Economy, Business And Markets

EDBI Starts Coop. With Bank of China

Export Development Bank of Iran has reached an agreement with Bank of China—one of the top 10 banks in the world—to start cooperation, said the Iranian bank’s manager. “The state-run EDBI needs to at least double its capital from 25 trillion rials ($750 million at market exchange rate) if it is to help develop Iran’s export levels,” Ali Salehabadi, CEO of the bank, said on Wednesday. Citing the CEO, Bourse Press news website said the two banks will work together to finance joint projects between Iran and China. The Chinese bank has agreed to open a credit line  for the import of machinery and equipment Iran needs for its development projects, according to the report. The projects, which are handled by the Iranian private sector and have potential to boost exports, are prioritized for receiving the banking services.

Short URL : https://goo.gl/sPJBKp
  1. https://goo.gl/ycmUNr
  • https://goo.gl/o235ge
  • https://goo.gl/YOWiAr
  • https://goo.gl/qDgOFG
  • https://goo.gl/MmyoX6

You can also read ...

Fresh Forex, Gold Coin Rally in Tehran Market
After a period of calm, the US dollar is once again surging in...
SpaceX founder Elon Musk says block 5 boosters should be able to fly 50 to 60 times with minimal refurbishment between flights.
Lighting up the deep overnight sky, a SpaceX Falcon 9 rocket...
Guidance Forum for Startups
The local accelerator Novintech is set to hold a Q&A...
Iran-Europe Business Center Hosts Talks in Berlin to Foster Tech Ties
A meeting has been held between Iranian and European startups...
Iran, Iraqi Kurdistan to Set Up  Industrial Town Along Border
The construction of an industrial city will soon start near...
Seafood Exports Earn $50m in 2 Months
About 16,000 tons of seafood worth close to $50 million were...
Isfahan Airport to Increase Plane Parking Capacity
Isfahan International Airport’s parking project has started...
About 1.34 billion shares valued at $170.66 million changed hands at TSE on July 22.
Tehran Stock Exchange’s main index gained 535.28 points or 0....

Trending

Googleplus