Middle East Economic Survey

VOL. LIV

No 11

14-Mar-2011

IRAN

Iran Announces Plan To Issue Islamic Bonds

Iranian Deputy Minister of Petroleum Mohsen Khojasteh-Mehr announced on 5 March that Tehran was planning to diversify its financial resources by issuing Islamic bonds otherwise known as sukuk to help finance future oil projects. One of the best ways to finance oil projects in the first year of the [current] fifth development plan is to issue foreign currency participation bonds, Mehr News...