Iran to face obstacles in financing purchase from Boeing and Airbus
The Dollar Business Bureau Embedded in the Iran Nuclear Deal of 2015 were terms related to assured support from the developed world for Iran to acquire a fleet of new aircraft from majors like Boeing and Airbus. Reportedly, the country has acquired merely 3 jets from Airbus in return for cash payments so far, while it aims to purchase as many as 180. While Iranian officials try to accelerate talks with British export credit agency to gain an approval, they have multiple roadblocks to address. Theresa May’s snap decision to hold general elections in the month of June discourages Britain’s export credit arm to take defining decisions affecting foreign policy during such a critical time. The government is also likely to postpone dealing ...
Investors confidence on India remains shaky: US envoy
Sai Nikesh | The Dollar Business “India continues to be perceived as a tough place to do business and the investor confidence towards India still remains shaky,” says Richard Verma, the United States Ambassador to India, while noting that India ranks 142 in the World Bank ranking measuring the ease of doing business. While addressing the students at Indian School of Business, Hyderabad, on Monday, the US envoy also said that the economic relationship between India and the US is not just about large companies coming here to build factories, it is about shared prosperity on all levels. Referring to the US President Obama’s call for a five-fold increase of India-US bilateral trade to $500 billion in the next ...
