Iran provides $66bn Loans to Mining, Industry

By John Lee.

Iran has reportedly allocated loans amounting to over $66 billion to the mining, industry and trade sectors in the year just finished.

Mohammad Reza Nematzadeh, Minister of Industry, Mines, and Trade, was quoted as saying that $46 billion in banking facilities were earmarked for mining and industry sectors while over $20 billion were extended to the trade sector last year,

He added the figures were up 32 per cent and 26 per cent respectively against the figures for the previous year.

(Source: Trade Arabia)

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