Cabinet OKs China Finance Deal Guarantee
Cabinet OKs China Finance Deal Guarantee

Cabinet OKs China Finance Deal Guarantee

Cabinet OKs China Finance Deal Guarantee

As part of the latest ratifications made by the Cabinet of President Hassan Rouhani on Monday, the Ministry of Economic and Finance Affairs has been permitted to issue the guarantee needed to implement the foreign finance deal clinched with the Exim Bank of China. The ministry is now allowed to issue the guarantee pertaining to the finance deal for the electrification of Tehran-Mashhad railroad, reports the official news website of the administration. The finance deal was signed in Tehran on July 26 between the Chinese lender and Iran’s Bank of Industry and Mine, and China will finance 88% of the project. The ministry gained the permit as part of the Cabinet’s meeting to discuss the next annual budget law.

Short URL : https://goo.gl/HcRkk6
  1. https://goo.gl/4EtSuA
  • https://goo.gl/gkVuJ8
  • https://goo.gl/Cr6d2M
  • https://goo.gl/3WCfkq
  • https://goo.gl/wa2y2G

You can also read ...

 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
Wide-Ranging MoU With Mexico
A memorandum of understanding on agriculture and rural...
2 State-Owned Firms to Be Privatized
The Iranian Privatization Organization is planning to put up...
New Tariffs for Turkmen Truckers
Iran is ready to introduce new tariffs for Turkmen trucks to...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.