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Treasury source: Italy, Iran to sign €5b investment agreement

Italy and Iran will on Thursday sign a framework credit agreement worth 5.0 billion euros ($6 billion)whereby Rome will help Italian companies invest in Iran, an Italian Treasury source said on Wednesday. The accord foresees the opening of lines of credit to two Iranian banks by Invitalia, an Italian state-owned …

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US to have leading role in Iraq reconstruction

The United States will play a leading role in the February 12 Iraqi reconstruction conference hosted by Kuwait, US Ambassador to Iraq Douglas Silliman revealed on Wednesday. In a press statement, the ambassador said that his country is currently planning to carry out some key investment projects in Iraq that …

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