Financial and Banking News

LOANS AND ISSUES

Franco-Iranian Loan Negotiations Pick Up 

Negotiations over the repayment by France of a $1bn loan from Iran to the French Atomic Energy Commission (AEC) have picked up momentum in recent weeks, following hints of political flexibility by both sides. The loan was made by the Pahlavi regime in 1975 in connection with Iran's 10% shareholding in the Eurodif enriched uranium project, and its repayment has been the subject of a bitter legal...