Tag Archives | China International Trust and Investment Corporation (CITIC)

VP: Foreign Financing in Iran Facilitated by JCPOA

The Joint Comprehensive Plan of Action (JCPOA) has eased Iran’s access to foreign financing for major projects in the country, First Vice-President Eshaq Jahangiri said, adding that agreements to receive $12 billion in foreign funds have been finalized. Addressing an economic meeting on foreign fund reserves on Monday, Jahangiri said the JCPOA, the nuclear agreement […]

Iran, China Ink $10bn Finance Deal

The CITIC Trust, a major Chinese investment company, signed an agreement with five Iranian banks to open a $10bln line of credit to support construction projects in the Islamic Republic. The agreement was signed between the representatives of CITIC Trust and a consortium of Iranian banks at CITIC Group headquarters in Beijing on Thursday. The […]

China to issue $10bn to Finance Iranian Projects

By John Lee. China’s CITIC Group Corporation, formerly the China International Trust and Investment Corporation, has expressed its readiness to allocate a $10 billion loan for Iranian mineral projects, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said. According to a report from Trend, company official Zhou Yafang said the required permissions […]