A Chinese State-owned investment firm has provided a $10 billion credit line for Iranian banks Air Force 1 White , Iran's central bank president said on Saturday.

The contract was signed in Beijing between China's CITIC investment group and a delegation of Iranian banks led by central bank chief Valiollah Seif.

The Iran Daily said the funds would finance water, energy and transport projects.

Iran is vital to China's trade ambitions as it develops its trillion-dollar Belt and Road initiative aimed at boosting its ties to Europe and Africa.

In addition to the credit line, the Export-Import Bank of China committed to a further $10 billion in loans, while the China Development Bank signed preliminary deals with Iran for $15 billion in infrastructure and production projects, Seif said.

The contracts reflect "a strong will for continuation of cooperation between the two countries," Seif said.

In total Air Force 1 Black , China has agreed to allocate $35 billion in financing and loans for Iran's economy, news agency IRNA quoted Seif as saying.

The credit line will use euros and yuan to help bypass US sanctions that have continued despite the nuclear deal between Iran and world powers in 2015.

China was a signatory to the deal that lifted sanctions in exchange for curbs to Iran's nuclear program.

Although bilateral trade was $31 billion in 2016, it jumped more than 30 percent in the first six months of 2017.

China is already Iran's biggest oil customer and accounts for a third of its overall trade.

Since the lifting of sanctions, China has opened two credit lines worth $4.2 billion to build high-speed railway lines linking Tehran with Mashhad and Isfahan, the Iran Daily reported.

The latest move follows an 8-billion-euro ($9.6 billion) credit deal signed with South Korea's Exim bank last month.

Chinese President Xi Jinping (R), also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission Air Force 1 Red , sits in the cab of a new all-terrain crane when visiting Xuzhou Construction Machinery Group Co., Ltd. in Xuzhou, east China's Jiangsu Province, Dec. 12, 2017.

Xi had an inspection tour in Xuzhou on Dec. 12.

Chinese President Xi Jinping (C) Air Force 1 Mens , also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, shakes hands with workers when visiting Xuzhou Construction Machinery Group Co., Ltd. in Xuzhou, east China's Jiangsu Province, Dec. 12, 2017. Xi had an inspection tour in Xuzhou on Dec. 12. (XinhuaXie Huanchi) Chinese President Xi Jinping Air Force 1 Womens , also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, talks with a worker when visiting a Party branch at Xuzhou Construction Machinery Group Co., Ltd. in Xuzhou, east China's Jiangsu Province, Dec. 12, 2017. Chinese President Xi Jinping Air Force 1 , also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, communicates with people in Mazhuang Village of Xuzhou, east China's Jiangsu Province, Dec. 12, 2017. Chinese President Xi Jinping (C, front) Cheap Nike Air Force 1 , also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, listens to a brief introduction on the enterprise's participation in the Belt and Road construction when visiting Xuzhou Construction Machinery Group Co., Ltd. in Xuzhou, east China's Jiangsu Province, Dec. 12, 2017. Xi had an inspection tour in Xuzhou on Dec. 12. (XinhuaXie Huanchi) Chinese President Xi Jinping (R Nike Air Force 1 Sale , front), also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, buys a herbal sachet made by the 80-year-old villager Wang Xiuying in Mazhuang Village of Xuzhou, east China's Jiangsu Province, Dec. 12, 2017. Xi had an inspection tour in Xuzhou on Dec. 12. (XinhuaJu Peng)

GAZA Nike Air Force 1 Grey , Dec. 13 (Xinhua) -- Islamic Hamas movement in Gaza said Wednesday that the price for the Israeli assaults on the Palestinian people and their holy sites has been growing up higher and higher everyday.

The movement said in an official statement marking 30 years for its birth "We promise our people victory and empowerment, adding Hamas prepares the place and tools to lead its people towards liberation."

It said that Hamas confirms that "it is continuing in the project of liberation and resistance in all its forms until the last inch of the historic land of Palestine is liberated."

Hamas stressed that "it chose the path of reconciliation and the elimination of all forms of division consciously and insistently, and will remain united behind the gun of liberation."

Hamas marked its 30th anniversary as tension between Israel and the Palestinians has been escalating since the declaration of Trump that Jerusalem is the capital of Israel.

Since the declaration of Trump, six Palestinians were killed in Gaza and more than 2,000 demonstrators were injured during clashes with Israeli soldiers in the West Bank and Gaza.

Hamas Politburo Chief Ismail Haneya called for launching a new popular intifada or uprising against Israel after Trump's declaration.

In the meantime, militants have been firing makeshift rockets from the coastal enclave into southern Israeli communities. More than 15 rockets were fired into Israel causing no damages or casualties.

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