Iran and its northwestern neighbor, Armenia, have signed a new contract for the construction of thethirdpower transmission line that willenable the two countries to exchange more electricity. According to Iranian media, the contract was signed by Ali Salehabadi, managing director of the Export Development Bank of Iran (EDBI), and Aram Ananian, managing ...

(Reuters) - The United States said on Friday it had allowed an Iraqi bank to again conductbusinesswith the U.S. financial system after the bank showed it was no longer helpingIranevade financial sanctions. Iraq's Elaf Islamic Bank BELF.ISX was first blacklisted by the United States last year for knowingly doingbusinesswith the Export Development Bank ...