60225
Majlis Sets Foreign Finance Limit at $50b
Majlis Sets Foreign Finance Limit at $50b

Majlis Sets Foreign Finance Limit at $50b

Majlis Sets Foreign Finance Limit at $50b

The parliament has approved a measure on Tuesday to increase the ceiling for using foreign investments in projects, setting the borrowing limit at $50 billion in addition to what is left from previous year’s allocation.
“This is to support companies that attempted to absorb foreign finances and went through a long process. If the directive had not been passed, they would have to start everything from scratch,” the Majlis Joint Commission’s spokesman was quoted as saying by IBENA.
“In addition to previous projects, the limit has been extended to $50 billion,” Mohammad Mehdi Mofatteh added. 
The parliament also allowed the ministries of Science, Research and Technology, Health and Medical education, Energy, Oil, Roads and Urban Development, Sports and Youth, Industries, Mining and Trade, and Agriculture, as well as the Atomic Energy Organization of Iran and Iran’s Cultural Heritage, Handicrafts and Tourism Organization to issue 100 trillion rials ($2.5 billion) worth of participation bonds or sukuk while guaranteeing their repayment.   

Short URL : https://goo.gl/Fpls0T
  1. https://goo.gl/lHLOeS
  • https://goo.gl/4lDBjy
  • https://goo.gl/JK9jsF
  • https://goo.gl/2zvJr1
  • https://goo.gl/uITzfo

You can also read ...

Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
The first Iran-Luxembourg Forum opened on Wednesday and hosted...
Imported Flat Steel Buying Thin Over Lower Local Prices
Buying activity in the Iranian flat steel import market was...
New Initiative Promotes Indigenous Messengers
Users will receive 60% discount on Internet prices for using...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus