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The credit line will be used to finance Iran's infrastructure projects. (File photo)

September 17th, 2017 - 03:12 GMT

China Signs Deal to Provide Iran With $10 Billion Credit Line

China has signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects.

According to a joint plan of action agreed in November in Geneva, world powers would “establish a financial channel to facilitate humanitarian trade for Iran’s domestic needs using Iranian oil revenues held abroad”.

March 16th, 2014 - 03:55 GMT

Not so open for business after all? Western Banks giving Iran the cold shoulder

The ayatollah’s organization would go on to acquire stakes in a major bank by 2007 and in Iran’s largest telecommunications company in 2009. Among dozens of other investments, it took over a giant holding company in 2010.

November 17th, 2013 - 03:55 GMT

Unraveling the conundrum: How did Khamenei end up richer than Bill Gates?

July 30th, 2009 - 10:40 GMT

Iran Khodro Company to receive $1 billion bailout