Financial and Banking News


Majlis Approves Arbitration for Eurodif Dispute

The Iranian Majlis (parliament) on 17 May ratified an agreement between the Iranian and French governments to refer the matter of Iran's $1bn loan extended in 1974 to the French Atomic Energy Commission and Eurodif to international arbitration. The agreement, which was initiated at the end of last year (MEES, 3 November 1986), involved the partial repayment by France of $330mn of the loan as a...