|
|
|
Japanese banks keen to expand activity in Iran
2016/feb/17
|
|
|
|
TEHRAN- Japanese banks seek to increase activity in Iran, said Katsuyuki Kawai, the special advisor to the prime minister of Japan, in his meeting with Central Bank of Iran (CBI) Governor Valiollah Seif, official website of the CBI reported on Tuesday.
Heading a trade delegation, Kawai arrived in Tehran on Monday where he visited top Iranian officials, discussing ways of economic cooperation.
He said under the terms of a bilateral investment deal, signed between Iran and Japan on February 5, Japan agreed to a $10 billion debt guarantee to Iran”s economic projects, a figure which is higher than Japan”s any other foreign investment.
The deal gives Japanese firms an edge in the global rush for access to the resource-rich nation.
The move could create an enormous inflow of Japanese investment in the Middle Eastern nation. Japanese Foreign Minister Fumio Kishida signed the pact with Iran”s visiting Minister of Economic Affairs and Finance Ali Tayyebnia during a ceremony at the Foreign Ministry in Tokyo.
Japanese officials welcomed the signing of the investment treaty, saying the $10 billion debt guarantee will allow Japanese companies to invest without significant risk.
During the meeting, Kawai also announced that the Japanese prime minister would visit Iran in near future.
Seif, for his part, officially invited Haruhiko Kuroda, the governor of the Bank of Japan (BOJ), to visit Iran, offering Iranian and Japanese banks to hold a meeting on ways of facilitating banking relations and providing brokerage through banks.
Seif further noted that Iran considers Japan its major economic partner in eastern Asia, adding that the ground is prepared for the two countries to expand their economic relations.
He also expressed hope that Iran-Japan economic cooperation would reach the highest level possible.
(tehran times) |
|
|
|
|
|
|
|
|
|
2016/feb/17 |
|
|
|
|
|
|
|
|
|
Iran, Armenia sign agreement for banking cooperation
2016/feb/14
|
|
|
|
Iran and Armenia signed an agreement for banking cooperation between two banks.
“We hope that we can sign more agreements with banks of other countries, especially neighbors in the near future,” said Managing Director of Iran”s Export Development Bank Ali Saleh-Abadi in a ceremony.
The bank is after exports to other countries, he said, adding one of the ways for the goal is granting credit lines to foreign banks either in form of finance or other means.
The Iranian exporter would receive the cash from Export Development Bank and it also receives the money from the Armenian side in time, he said, adding that the process enables Armenian buyers to purchase Iranian goods via credit.
Iran”s exports to Armenia totaled $120 million last year, he said, adding Iran exported bitumen, iron, industrial oil and plastics to Armenia.
“We are interested in good ties with Iran”s Export Development Bank and Armenian Mellat Bank in terms of letters of credits as well as currency services and we hope that exporters of the two countries seize the opportunity for exports.”
Executive Manager of Armenian Mellat Bank Gholam-Reza Mousavi said that the bank is an independent bank in Armenia which has started its activities since 1995 and its investment would reach $62 million by end of 2016.
isna
|
|
|
|
|
|
|
|
|
|
2016/feb/14 |
|
|
|
|
|
|
|
|
|
China to provide Iran $20b in finance
2016/feb/14
|
|
|
|
Head of Iran-China Chamber of Commerce announced that Beijing will extend $20 billion in fresh finance to Iran in the coming years.
According to Mehr News Agency, Asadollah Askaroladi said, "In recent months, Iran-China political and business interactions have led to a number of promising outcomes in the Iranian economy and $20 billion of Chinese finance will be opened in Iran."
He underlined that the new finance will become available to Iran over the coming years while Iran has always been able to receive twice the amount of its yuan deposits in China as finance.
The official further said that a Chinese delegation visited Iran last week and a 15-member Iranian trade group will travel to China on April 3.
"The addition of Chinese yuan to the basket of international currencies has had a positive impact on Iran," noted Askaroladi concluding, "Iran possesses a large amount of yuan in China and better finance conditions will arise by conducting transactions in the Chinese currency."
(iran daily) |
|
|
|
|
|
|
|
|
|
2016/feb/14 |
|
|
|
|
|
|
|
|
|
London-Tehran flights to resume as of March 5
2016/feb/14
|
|
|
|
British Airways (BA) would relaunch direct London to Tehran flights a as of March 5, said Reza Jafarzadeh, the director of public relations department of Iran”s Civil Aviation Organization (CAO).
Based on recent negotiations between the directors of British Airways and CAO managers, he said, BA has scheduled four weekly flights from London to Tehran to initiate as of March 5, the IRIB news agency reported on Saturday.
Based on the previous agreement between Iran and Britain, the two sides could launch three or four weekly flights between Tehran-London. British airways suspended its flights to Iran in 2010.
European carriers stopped their flights to Iran after the West imposed sanctions on Iran over its nuclear program. Apart from three weekly flights to London, Iran”s national carrier, Iran Air, has currently two weekly flights each to Paris and Amsterdam.
Following Iran”s nuclear deal with world powers, several European airlines aim to resume their flights to the country, said Mohammad Khodakarami, deputy head of CAO, on January 29.
Both Air France and Dutch flagship KLM have already expressed their readiness to resume flights to Tehran.
Recently, Iran said it is also considering direct flights to the United States. Direct flights stopped between the two countries more than three decades ago.
(Tehran times)
|
|
|
|
|
|
|
|
|
|
2016/feb/14 |
|
|
|
|
|
|
|
|
|
German BASF offers $4b investment in Iran’s petchem industry
2016/feb/14
|
|
|
|
TEHRAN – German chemicals producer, BASF SE is intent on investing $4 billion in building petrochemical facilities in Iran Parsian Mineral Industries Special Zone, said Marzieh Shahdaie, the managing director of Iran”s National Petrochemical Company (NPC).
According to the Shana news agency, Shahdaie made the remarks in her meeting with two Iranian top officials; namely, Adel Nejad-Salim, the chief executive of Persian Gulf Petrochemical Industries Company (PGPIC), and Mehdi Karbasian, the board of directors” chairman of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
In the first phase, Nejad-Salim said, the German conglomerate would secure 60 percent of the project, valued at $4 billion, while Iran provides capital for the rest 40 percent.
Nejad-Salim added that BASF is willing to fund a larger amount for the phase 2 of the project.
Meanwhile, Karbasian stated that gas, electricity and water, required for the project, are already supplied.
He further noted that plans are underway to hold a tender for construction of piers in the Parsian Mineral Industries Special Zone, adding that two companies from Germany and China have already voiced their interest.
With providing foreign and domestic investors with adequate infrastructure, he said, IMIDRO ensures production and export of petrochemical products of the newly constructed facilities.
Iran has already unveiled plans to become the leading producer of petrochemicals in the Middle East by significantly expanding the range and volume of its petrochemical production.
On January 30, Shahdaie said the Iranian petrochemical sector should attract $8-10 billion finance per annum mainly through foreign direct investment.
According to Shahdaie, foreign companies mainly from Europe and East Asia are seeking to make investment in the implementation of Iranian petrochemical projects in post-sanctions Iran.
(teran times)
|
|
|
|
|
|
|
|
|
|
2016/feb/14 |
|
|
|
|
|
|