34034
Banking Ties With Oman, China
Economy, Business And Markets

Banking Ties With Oman, China

The Industrial and Commercial Bank of China (ICBC) is to help Iran finance and treasury operations, Hussein Yaqoubi, Central Bank of Iran’s deputy for international affairs said on Monday. Bank Muscat is also ready to issue letters of credit for Iran up to $200-$250 million, FNA reported. The official said that CBI has prepared grounds for enhancing foreign exchange transactions with the Sultanate of Oman. Iran has always abided by international regulations, he said, but added that it would not be logical to expect the CBI to reconstruct its banking relations overnight. ICBC is a Chinese multinational banking company, and the largest bank in the world by total assets. Bank Muscat is a leading financial services provider in neighboring Oman with assets worth over $27 billion.

 

Short URL : http://goo.gl/HTa7SX
  1. http://goo.gl/l3qLaC
  • http://goo.gl/vbL67J
  • http://goo.gl/ip0dPW
  • http://goo.gl/xn33CO
  • http://goo.gl/Zl74LD

You can also read ...

Windfall Taxation on Gold Coin, Forex Trading
Government is to levy taxes on gold coin and foreign currency...
BMW, Mercedes Boxed in  by Tariff Battles
US President Donald Trump’s escalating trade spat threatens to...
Iran Could Join Russia’s Regional Payment Network
Russia is looking to establish a regional payment network in...
China Auto Firms to Set Up Ride-Sharing Platform
Chinese firms FAW Group, Dongfeng Automobile and Chongqing...
Challenges Ahead for Banking System
The chief executive of Bank Refah said limited overseas...
IMIDRO Concludes Largest Aerial Geophysical Survey
Iran’s largest mining holding has concluded the last stage of...
Exports From Fars Province Hit $1.3b
Exports from Iran’s southern Fars Province saw a 25% rise...
Non-Oil Exports From Shahid Rajaee Port Grow 3.8%
Non-oil exports from the southern Shahid Rajaee Port during...

Trending

Googleplus