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Islamic Development Bank Endorses Over $ 480 Million for Iranian Projects - ASHARQ AL-AWSAT English Archive
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Tehran, Asharq Al-Awsat – The Jeddah-based Islamic Development Bank (IDB) has approved loans of more than $ 280 million for Iran last year to help finance various developmental projects, announced The Iranian Ministry of Economy and Finance.

The ministry said the IDB has also approved another loan worth $ 74.2 million for Iran for the same purpose.

Additionally, the IDB has endorsed short-term facilities worth $ 209.4 million for the benefit of some Iranian companies, Reported the Iranian News Agency “IRNA”.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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