Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

Iran aims joint investment funds with Russia, Oman, S. Arabia

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Jan 2024 20:19
  • 1 Shares
3 Min Read

The fund has also extended its cooperation agreements to include African nations.

  • x
  • Photo shows a sign of the National Development Fund of Iran. (IRNA)
    Photo shows a sign of the National Development Fund of Iran. (IRNA)

A member of the Board of Executive Directors of Iran's National Development Fund (NDFI) revealed plans to establish joint investment funds with Russia, Oman, and Saudi Arabia.

NDFI representative Hossein Eyvazlou emphasized the focus on collaborating with neighboring countries' wealth funds, with ongoing negotiations to launch a joint investment fund with Russia.

Eyvazlou highlighted the NDFI's mission to cooperate with global funds and focus on partnerships with wealth funds in neighboring countries.

Russia, on its part, has displayed a keen interest in establishing a joint investment fund with Iran, signaling positive prospects for the collaboration, he said.

Read more: Iran, Russia to scrap USD in bilateral trade for national currencies

The NDFI aims to prioritize joint investments with neighboring states, particularly in sectors like oil, gas, petrochemicals, and pharmaceuticals.

The strategic focus on these sectors aligns with Iran's economic diversification and growth plans.

Beyond Russia, the NDFI has engaged in negotiations with Oman and Saudi Arabia, aiming for agreements on joint venture investment projects.

The fund has also extended its cooperation agreements to include African nations.

Related News

Russian drones in airspace were 'duds': Polish FM

Russia boasts military might with Zircon hypersonic missiles, bombers

Notably, within the Economic Cooperation Organization (ECO), the NDFI has secured agreements for joint funds with seven out of the ten member states, demonstrating a commitment to regional economic collaboration.

Read more: US dollar shares shrink in global reserves amid de-dollarization trend

Eyvazlou emphasized the existence of alternative international payment methods beyond SWIFT.

He added that the Central Bank of Iran has implemented special mechanisms to establish relations with brokerage companies in other countries, with this mechanism already in progress among Iran's neighboring states.

Iran to work on dedollarization of transactions within BRICS

On December 31, 2023, Iranian Deputy Foreign Minister Ali Bagheri Kani indicated that Iran, like other BRICS members, will work on the de-dollarization of trade and economic and financial transactions within the group of major emerging economies.

"We have planned many missions and joint work with other BRICS members within the framework of this organization," Bagheri Kani told Sputnik.

The diplomat highlighted that "one of the most important tasks is the de-dollarization of trade and economic transactions and financial cooperation."

"Activities in this field of work of BRICS have already started, we hope to strengthen and expand these activities in order to achieve this goal as soon as possible."

BRICS, established in 2009, is a group uniting the world's largest developing economies, which currently includes Brazil, Russia, India, China and South Africa.

In August, the 15th top-level BRICS summit in Johannesburg extended invitations to Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates, and Saudi Arabia to join the bloc. Their full membership, except for Argentina, is scheduled to take effect on January 1, 2024.

Read more: 1 in 3 UN nations abandoning USD, opting for national currency trades

  • Russia
  • Oman
  • de-dollarization
  • NDFI
  • investment
  • Saudi Arabia
  • Iran

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS