TEHRAN, July 14 (Mehr News Agency) - The Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) Saturday issued the permit for the selling of a bank's stocks to the International Finance Corporation (IFC) and three other financial institutes of Bahrain, Kuwait, and Saudi Arabia.
Talking to MNA, the OIETAI's Foreign Investment Department director general said that the IFC, a World Bank (WB) member, is the main purchaser of Bank Saman's shares.
Maximum 40 percent of the Iranian banks' stocks could be sold to foreign investors, Ahmad Jamali added.
Talking to MNA, the project manager Nader Rahimi added that the project is valued at $1.5 billion.
When the project becomes operational, over 700 million cubic feet of associated gases valued at more than $800 million will be collected per day.
The figure showed 8.84 and 8.38 percent decreases in terms of weight and value respectively when compared to the figures of its previous year.
According to the report, of the whole non-oil export-bound products, $12.4 million was related to carry-on-luggage export and $77.4 million was exported via boarder markets.
The United Arab Emirates (UAE), Iraq, China, Japan, and Korea were the main importers of Iranian-made goods.
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