Middle East Economic Survey
VOL. XLVIII
No 42
17-October-2005
IRAN
Iranian Company Secures $100Mn Loan From Standard Chartered
Standard Chartered Bank of the UK has put together a syndicated loan of $100mn for an Iranian state-owned aluminum firm IRALCO to finance aluminum exports. According to an IRALCO official, Swiss-based Glencore International will be the prime importer of aluminum for its warehouses in the UAE. The official added: We pay nothing in cash; we export 2,200 tons each month, then...
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