By Trend Iran’s Bank of Industry and Mine signed a finance contract with Russian Vnesheconombank(VEB) bank for financing a major project for electrifying Iran’s northern railway system. The contract was signed between officials of the two banks in Russia May 16, the Iranian bank said on its website. Electrifying of the 450-kilometer-long Garmsar-Incheh Boroun Railroad in northern Iran with a credit line worth 1.2 billion euros will be implemented in cooperation with Russia in 2018. The initial agreement for the big project was signed in 2015. Based on the agreement, the project will take three years to complete. Iran’s northern rail network starts from Garmsar Station in Semnan Province and passes through Mazanadaran Province to end at Gorgan Station. The contract covers design, sourcing of materials and equipment and construction of stations and tunnels, traction substations, section pillars, duty posts of the contact station and the power supply … [Read more...] about Iranian, Russian banks sign finance deal for railway electrification project
Banks and finance
Spearing Waite appoints Haydon Simmonds to new banking and finance team
Leicester law firm Spearing Waite has launched a dedicated banking and finance team with the appointment of specialist banking lawyer Haydon Simmonds as a partner. Haydon has spent the past six years in London, most recently at Addleshaw Goddard and, prior to that, at Gateley plc. He qualified at Shoosmiths in 2008. In his new role at the Pocklingtons Walk firm, he will lead and develop a specialist banking and finance team, working closely with corporate group head Martin Smith and real estate finance head Nisha Gohel. Haydon said: “This is an incredibly exciting opportunity for me at a law firm that is already highly regarded for its corporate and real estate capability. "I have been inspired by the Spearing Waite culture which encourages ambition and entrepreneurialism, and I am very much looking forward to establishing the banking and finance team as a leading light in the Leicestershire and East Midlands region.” Haydon has advised borrowers and lenders … [Read more...] about Spearing Waite appoints Haydon Simmonds to new banking and finance team
Islamic Development Bank to finance construction of Kazakhstan-Russia highway
Baku, Azerbaijan, May 5 By Ali Mustafayev – Trend: The Islamic Development Bank will finance the construction of the Atyrau-Astrakhan highway, the press service of the executive body of Atyrau region said in a message. "The design and estimate documentation of the Atyrau-Astrakhan route with the length of 277 kilometers from the city of Atyrau to the border with the Russian Federation has already been prepared. Kazakhstan’s relevant state bodies have concluded the agreement with the Islamic Development Bank, which plans to finance the project in the near future. The construction of the highway will be implemented under the Nurly Zhol state program of Kazakhstan”, the message said. The regional executive body of Atyrau region also intends to construct a bypass road with the length of 26 kilometers. The road will connect the Aktobe-Atyrau and Atyrau-Astrakhan routes. --- Follow the author on Twitter: @Ali_Mustafayev Follow Trend on Telegram. Only most interesting and … [Read more...] about Islamic Development Bank to finance construction of Kazakhstan-Russia highway
Tehran hosts Iran-Europe Banking and Business Forum
Tehran, Iran, April 28 By Kamyar Eghbalnejad – Trend: The Sixth Iran-Europe Banking and Business Forum started in Tehran on April 28, Trend correspondent reported from the event. The event, previously held both in Tehran and Frankfurt, will focus on “Iran’s business and banking in post-sanctions era following the implementation of JCPOA (Joint Comprehensive Plan of Action aka nuclear deal). According to Ali Divandari, the head of Iran’s Monetary and Banking Research Institute (MBRI) and the event’s secretary, this year’s forum is focused on several subjects including the country’s banking relations two years after the implementation of the nuclear deal, the perspective of Iran and Europe’s banking ties in the future, a comprehensive framework of risk management, resolving banking issues and exploring ways of due payment and finally introducing investment opportunities in Iran’s oil, gas and petrochemical industries. The European … [Read more...] about Tehran hosts Iran-Europe Banking and Business Forum
Finalist in awards for the banking and finance sector
PUBLISHED: 11:47 19 April 2018 | UPDATED: 11:47 19 April 2018 David Vincent Accountant Kelly-Anne Byres © Stephen Waller Ipswich accountant Kelly-Anne Byres is a finalist in a national awards scheme A Suffolk accountant who has used the power of recommendation to grow her business has been shortlisted for a national award scheme. Kelly-Anne Byres, director of KBL Accounts, is a finalist in the Accountancy Leader of the Year category of the Women in Finance awards, Europe’s largest diversity initiative in the banking and finance sector. The 29-year-old is already a multi-award winner, scooping titles in the Young Businessperson of the Year category at the EADT Business awards, Young Entrepreneur at the Great British Entrepreneur Awards in association with NatWest, Entrepreneur of the Year in the Women of the Future Awards run by Aviva and being named one of Management Today’s 35 Women Under 35. Her latest nomination follows a 70% growth in her business in 2017 … [Read more...] about Finalist in awards for the banking and finance sector