Reuters Container shipping firm Islamic Republic of Iran Shipping Lines (IRISL) expects to have regained by the middle of next year the business lost while Iran was subject to international sanctions, its chairman said. International sanctions were lifted in January following an agreement with world powers on Tehran’s disputed nuclear programme. “Step by step the problems have been resolved ...

  Bloomberg Egypt has reached a $2.7 billion currency swap agreement with China, moving closer to mustering the outside financing needed to win final approval of a $12 billion International Monetary Fund loan. The agreement is being processed by the Chinese authorities, an Egyptian central bank official said Sunday, speaking on condition of anonymity. The official didn’t provide additional details ...

  Reuters Hyundai Engineering and Construction signed a contract to build a project for Saudi Aramco’s Uthmaniyah plant for 833.10 billion won ($727 million), the South Korean company said. Hyundai expects the contract to be completed by Nov. 26 2019, it said in a statement. Sources told Reuters on Thursday that Hyundai had won the deal after offering discounts to ...