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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

IDB grants Iranian companies $110mln facilities

Posted on 10 January 2011

From Tehrantimes.com: The director of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) said the Islamic Development Bank has agreed to pay Iranian firms $110 million in financial facilities.
The Mehr News Agency quoted Behrouz Alishiri as saying the International Islamic Trade Finance Corporation (ITFC) as an autonomous entity within the Islamic Development Bank Group has allocated $50 million to an Iranian company to import raw material……………………………………….Full Article: Source

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