0528 GMT October 18, 2018
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Iran says preparing to issue its first forex bonds
Iran’s top banker says the country will for the first time issue foreign currency bonds in an effort meant to dissuade investors from the fluctuating forex market and help boost the Rial.
Iranian fugitive banker sentenced to 30 years in prison
Mahmoud Reza Khavari, a former top Iranian banker who fled to Canada after committing a massive fraud, has been sentenced to 30 years in prison, the head of Tehran’s Revolutionary Court announced.
Egypt’s budget coming under control: Top banker
Egypt will receive in March the second $1 billion tranche of a $3 billion World Bank (WB) loan aimed at supporting a government economic reform program, central bank Governor Tarek Amer said.
Banker: India's Exim Bank allocates $150mn credit line to Iran
According to an agreement between the Iranian and Indian governments, India's Exim (Development) Bank has allocated a credit line up to 150 million dollars to Iran trade, managing director of Iranian Bank of Industries and Mines said on Tuesday.
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