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Iran, Norway sign finance deals

Business Materials 17 August 2016 19:06 (UTC +04:00)

Baku, Azerbaijan, Aug. 17

By Fatih Karimov – Trend:

Iran and Norway signed three memorandums of understanding to cooperate in finance sector.

The documents were signed by Export Guarantee Fund of Iran and the Norwegian Export Credit Guarantee Agency (GIEK) on the sidelines of a meeting between Iranian Foreign Minister Mohammad Javad Zarif and his Norwegian counterpart Boerge Brende in Tehran Aug. 17, ISNA news agency reported.

Norway will allocate a 1 billion euros credit line to finance development and infrastructure projects of Iran based on the deals.

Zarif and Brende discussed the issues of mutual interest, as well as regional and international issues during the meeting.

The two top diplomats underlined boosting bilateral relations in various fields and cooperation in areas of economy, in particular in monetary and banking sectors.

In his one-day trip to Tehran, Brende met with senior Iranian officials, including President Hassan Rouhani, the parliament speaker Ali Larijani and secretary of Iran's Supreme National Security Council Ali Shamkhani.

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