Wednesday 30 July 2014

India seeks Iran's financial guarantees for ships

India has asked Iran to provide financial guarantees before Delhi continues to allow vessels with Iranian insurance cover to enter Indian waters, the latest sign of difficulties Iran is facing in exporting oil. Iran and world powe


Iran offers India $1bn guarantee for oil shipments

Iran has offered to underwrite insurance for its vessels to keep oil exports to India flowing, after New Delhi asked for assurances to help halt a fall in shipments. Letters seen by Reuters show Iran is offering sovereign guarante


Iran bank halts guarantee for Indian imports

Iran's Bank Parsian has stopped issuing payment guarantees for Iranian importers who buy Indian goods, because its account that was set up to skirt Western sanctions does not have the necessary funds in rupees. India, exempted on Monda


Damac offers 24pc rental return guarantee

Dubai-based Damac Properties, in its latest initiative aimed at boosting property sales, is offering a 24 per cent rental return guarantee on all units purchased within its Burjside Terrace serviced apartment development. The Burjside Terr


UAE council approves bank bonds guarantee law

A United Arab Emirates (UAE) council that advises the country's rulers approved a law on Tuesday to allow the government to guarantee debt instruments issued by local banks in a bid to boost the bond market. The law now needs the appro


Jaber says no Austrian Airlines bank guarantee

Investor Sheikh Mohamed Bin Issa al Jaber will not meet a Wednesday deadline to provide a bank guarantee for his plan to invest 150 million euros ($234.8 million) in Austrian Airlines, a spokeswoman for the sheikh said. "Al Jaber withdrew

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