71169
Loans to Boost Marine Industries
Loans to Boost Marine Industries

Loans to Boost Marine Industries

Loans to Boost Marine Industries

Iran’s maritime businesses are to receive loans worth 2 trillion rials ($52.5 million) during the current fiscal year (ending March 20, 2018), the head of the Fund for Development of Marine Industries announced. “Up until now, 1.2 trillion rials ($31.5 million) have been allocated to marine Industries,” Mehrdad Mozaffari was also quoted as saying by IRNA. Interest on the loans is between 10-12%, but knowledge-based firms could anticipate a single-digit interest rate. The official also unveiled two agreements with China National Machinery Industry Corporation and a Singaporean company.”The Singaporean firm is ready to finance projects valued at €400 million ($477 million),” he said, without naming the company. Mozaffari elaborated on another agreement and said the Chinese Company would finance 85% of the cost of viable projects specified by Iran.

Short URL : https://goo.gl/dtQphm
  1. https://goo.gl/7gwygB
  • https://goo.gl/ev8hhA
  • https://goo.gl/qPFzzg
  • https://goo.gl/AUpwke
  • https://goo.gl/c3GnNz

You can also read ...

Experts believe the import ban would lead to a further rise in smuggling and market disruption.
The government has banned the import of 1,339 commodities...
CBI, Capital Market Agree to Control  Gold Coin Bull Run
As gold coin prices are skyrocketing, the Central Bank of Iran...
$1.5b in Tax Evasion Identified From Bank Accounts
About 63 trillion rials ($1.49 billion) worth of unpaid tax...
Mohammad Javad Zarif (4th L) addressed representatives of Iran Chamber of Commerce, Industries, Mines and Agriculture on June 24. (Photo: Bahareh Taghiabadi )
Foreign Minister Mohammad Javad Zarif assured the business...
Beverage Can Imports at  $21 Million
More than 2,890 tons of beverage cans worth more than $21...
Top US Court Restricts Police on Cellphone Location Data
The US Supreme Court on Friday imposed limits on the ability...
Iran Explores Int’l Space Collaborations at UN Meeting
Officials with Iran Space Agency participated in the two-day...
Xiaomi’s Hong Kong IPO
Xiaomi, one of the world’s leading smartphone makers, is...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus