A Chinese State-owned investment firm has provided a $10 billion credit line for Iranian banks Gerrit Cole Jersey , 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, 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.
By Ben Ochieng
NAIROBI, Aug. 12 (Xinhua) -- During the 2013 Kenyan general elections, three sportsmen were elected to the county's national assembly.
Former Boston Marathon champion Wesley Korir, former national volleyball team captain Dan Wanyama, and another former Boston Marathon winner Elijah Lagat joined the legislature.
Korir won the seat of Cheranganyi constituency in Western Kenya while vying as an independent candidate, whereas Wanyama triumphed on a party ticket.
Lagat successfully defended his Chesumei seat to earn a second term as Member of Parliament.
Their victories showed that sports has positive implications on politics, and in the 2017 elections, more of them threw their hats in the ring to vie for the coveted positions.
Beijing 800m Olympic champion, Wilson Bungei vied for the Emgwen seat and did not make it beyond the primaries, whereas former world marathon record holder Wilson Kipsang also floundered at the party nominations stage.
"The electorate was looking for additional qualities other than their athletic prowess. They failed to complement their conquests in sports arena with other qualities like charisma and their development agenda," said a sports scientist in anonymity.
In 1997, Ibrahim Hussein, the first Kenya to win the Boston Marathon tried and failed to capture the Emgwen seat during the general elections.
This was not the first time people in the sports arena in Kenya have used sports as a springboard to national politics.
Three heads of Kenya's football administration have in the past used football, the country's most favorite game to leapfrog into elective politics.
Former politician Kenneth Matiba was the first football manager to join politics after he used his privileged position to popularize himself through the popular pastime and even rose to become a powerful minister.
He was closely followed in the heels by Clement Gachanja and Joab Omino who both became MPs with the latter rising to become the deputy speaker of the National Assembly.
At the international scene, Nawal al-Moutawakel, who became the first Muslim woman to win an Olympic gold medal when she won the 400m hurdles at the 1984 Los Angeles Olympic Games once served as sports minister in her native Morocco.
She is currently serving as International Olympic Committee (IOC) Vice-President and is a leading contender for IOC presidency.
Cuba's Alberto Juantorena, who became the first athlete to win Olympic 400m and 800m titles, when he achieved the feat in 1976 also once, served a minister for sports in his country after retirement from track.
Former Pakistani international cricket player, Imran Khan, joined politics after retiring from two decades of active playing and served as a member of the national assembly for five years.
Central delegation visits residents in Inner Mongolia
In pics: magnificent landmarks of BRICS countries
Silk Road Chinese Ethno Music Festival held in Pula, Croatia
In pics: China's PLA Air Force Aviation Open Day
Highlights of multinational drill in Georgia
People mark national Fitness Day around China
Aerial view of Gula Town in S China
Qiandao Lake: Home to 114 known fish species
NEW YORK, March 20 (Xinhua) -- U.S. stocks opened sharply higher on Friday as investors digested a weak dollar and earnings reports.
The U.S. dollar edged lower in the early trading, with the dollar index down 1.03 percent. The dollar bounced back sharply on Thursday after its biggest slide since 2009 following the Fed statement on Wednesday.
The Fed dropped its promise to remain "patient" before raising interest rates, in its statement on monetary policy Wednesday.
"Just because we're not using the word 'patient' doesn't mean we're going to be impatient," said Yellen in a press conference following the statement's release.
In corporate news, Tiffany reported its results before the opening bell for the "fourth quarter" ended January 31, 2015, and showed its worldwid. Eduardo Portugal Jersey Kylian Mbappe France Jersey Jamie Vardy England Jersey Ivan Perisic Croatia Jersey Farid Diaz Colombia Jersey Marquinhos Brazil Jersey Matz Sels Belgium Jersey Javier Mascherano Argentina Jersey Edinson Cavani Uruguay Jersey Marwin Hitz Switzerland Jersey