Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati said the country expects South Korean banks holding some $7 billion in Iranian funds to pay damages because of their failure in the past two years to release the resources amid constant pressure by the United States.
Iranian Minister of Roads and Urban Development Mohammad Eslami referred to sustainable development as Iran’s strategy in the region, saying Iran is ready to connect Khaf-Herat railway to Mazar-i-Sharif in Afghanistan.
The amount of investment attracted in Iran’s free zones increased by 57 percent during the nine months to December 20, 2020, as compared to the corresponding period last year, according to Morteza Bank, the secretary of Iranian Free Zones High Council.
Iran said Tuesday the global community wants the incoming administration in the United States to reverse course and honor international law, calling on the new White House team to avoid a selective approach in making up for the “stain of shame” it will inherit from its predecessor.
The Iranian Army’s Ground Force on Tuesday launched a new drill along the coast of the Sea of Oman, the latest in a series of exercises that the country has held to assess the combat readiness of its military units.
Iran and Azerbaijan have inked a key document to expand bilateral economic cooperation as Baku welcomes Iran’s increased investment and technical assistance to rebuild regions around Nagorno-Karabakh that were liberated following a deadly conflict with ethnic Armenian forces late last year.