Media ID: 55328509
Iranian President Hassan Rouhani speaks during a session at the World Economic Forum in Davos, Switzerland on January 23. (AP/Michel Euler)
London and Ankara, Asharq Al-Awsat—Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalized under US sanctions, bankers and government officials told...
Media ID: 55325207
Hyundai Heavy Industries will build the first phase of the project, which comprises a 1,500 megawatt natural gas-fired power plant and seawater desalination plant (AFP).
Kuwait City, Reuters—Kuwait is set to secure 1.43 billion US dollars in financing from a consortium of banks for a power and desalination plant, one of the major projects in the Gulf Arab state’s development plan, National Bank of Kuwait (NBK) said. The Az-Zour...