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Financing contract for four Iranian banks with Russia
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Financing contract for four Iranian banks with Russia

The Central Bank of Iran (CBI) has announced the signature of an international financing contract by four Iranian banks with the Eximbank of Russia. Following the signature of an MoU between the CBI and the Russian insurance company EXIAR in October of the present year, this financing contract was also signed between the four Iranian banks Sepah, Export Development, Parsian, and Passargad with Eximbank with no upper limit.

Euros 3 billion invested in Iran by Russia
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Euros 3 billion invested in Iran by Russia

Two agreements have been signed between Iranian Railways, the Russian Export Center, and the Export Insurance Agency of Russia (EXIAR), according to which the Russians will invest 3 billion euros over five years for the joint production of cars, locomotives, and the equipment needed for Iran’s rail transport network.  

China builds five hospitals in Iran
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China builds five hospitals in Iran

The Minister of Health for Iran, Hassan Gahzizadeh-Hashemi, has signed an agreement with China in Beijing for the construction of five hospitals in Iran. As reported by IRNA, the USD 2BN cost of the project will be financed by the China Development Bank (CDB) and the Export–Import Bank of China (Chexim - China Exim Bank).  

USD 40BN finance by China for Iran
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USD 40BN finance by China for Iran

The Chief of the CBI has announced a USD 40BN finance for Iran by Chinese banks. Valiollah Seif added: “Negotiations are underway with the Chinese. One of the positive steps taken is the excellent financial lines that the Chinese are considering to use in Iran to carry out investment projects, some of which have already been signed and some are being discussed.”  

S Korean USD 8BN financing for healthcare in Iran
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S Korean USD 8BN financing for healthcare in Iran

The Health Minister of Iran has announced over USD 1BN 300MM financing by S Korea for the construction of three hospitals in Iran; this figure can go up to USD 8BN. Dr Seyed Hassan Hashemi has traveled to S Korea at the Head of a delegation from the Iranian Health Ministry to sign seven MoUs with the South Koreans. He added: “We hope we can expand our relations with South Korea, not only in healthcare but also in other areas.”

China ready to invest in oil and petrochemicals in Iran
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China ready to invest in oil and petrochemicals in Iran

Iran’s Minister of Petroleum, Bijan Zangeneh, met for talks with Wang Yang Gao, Chief of China’s International Chamber of Commerce yesterday. At the meeting, Yang Gao pointed out the extensive trade ties between Iran and China, and stated: “China needs energy resources and our old friend, Iran, is rich in these resources. This can help expand ties between the two countries.”

Most viewed in all sections

Tesla and Volvo seek out 10-year old Iranian inventor

2018/01/06

The young 10-year old Iranian boy, Hossein Atayi Sangrudi from Karaj has already 16 inventions in his portfolio. Six of these are in the process of being registered. His inventions include the VTOL three-modality drones, gunboats, office furniture, miniature sprayer, multipurpose control for smart TVs, and so on.

Iran, US should opt long term relations

2017/10/22

In an interview with Persia Digest, Adib-Moghaddam said: It is imperative that Iran gets even closer to the EU, not least to keep the communication with Washington going, and to minimize misperceptions.

German Schiller Group Concert in Tehran

2017/11/14

The German Schiller Group Concert is taking place in Tehran for the first time. Christopher von Deylen, will be traveling to Tehran with his Group for the first time in mid-December to stage a concert at the Hall of the Ministry of the Interior over two nights on 11-12 December, at 21h30.  

Cooking Tour for Persian dishes

2017/08/16

Two young girls by the names of Shirin Tahanan and Matin Lashkari are the initiators of a delicious cooking tour in Tehran. Shirin cooks and Matin organizes the tour.  

New find in Persepolis

2017/08/20

The newly discovered gates in Persepolis will soon be turned into a museum site once all the protective and safety measures have been completed.

Latest News

Pakistanis return to Iran by train

2018/01/20

After nearly twelve years, Iran and Pakistan have decided to get back on the railway tracks and begin running passenger trains between the two neighboring countries as from September 2018.

A building and history burned to the ground

2018/01/20

One year ago today, it was on 20 January 2017 that plumes of thick smoke rose to the sky and brought the bad omen of the famous Plasco building burning in central Tehran; an old city landmark and commercial center that lived only for 53 years before going up in smoke.

Fajr Theater Festival celebrates pioneers

2018/01/20

The 36th Fajr International Theater Festival is celebrating the works of three of its veterans, Ahmad Damud, Hushang Azadivar, and Jamshid Khanian. Their names have been printed in the Festival catalogue and the date has been set for the closing ceremony.  

Vermiculus (music)

2018/01/19

Artist: Constantinople Band Album: Clouds Genre: World music Year: 2006   (Persia Digest) – “Vermiculus” is performed by the Iranian-Canadian band “Constantinople”. It is a fusion piece of European music played with “Daf” percussion instrument. Percussion instruments can be combined with music from around the world.

Ali Rahbari in concert with Korean artist

2018/01/19

Following a concert with the Slovak Philharmonic Orchestra, former conductor of the Tehran Symphony Orchestra, Ali Rahbari, will be performing with musicians from S Korea end-January.