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Releasing Iran’s frozen fund only way to repair S.Korea’s image
An Iranian deputy foreign minister said on Wednesday that the only way Seoul can repair its tainted image among Iranians is to quickly return billions of dollars in funds frozen in South Korea under the US pressure.
FM urges ‘quick access’ to South Korea-held Iran assets
Iran’s foreign minister urged that South Korea provide the Islamic Republic with “quick access” to the funds that it has been withholding from the country under the banner of abiding by US sanctions.
Iranian fund: Four contracts signed to support domestic firms
The newly-established Iranian Non-Governmental Research and Technology Fund of Oil Industry signed four contracts with domestic companies on Monday.
Iran frees South Korean ship held for environmental pollution
Iran released on Friday a South Korean ship and its captain detained three months ago for environmental pollution.
Fund manager ‘unworthy of belief’ is ordered to pay $7 million
A private-equity fund manager whose testimony a New York judge deemed “unworthy of belief” was found liable for misappropriating millions of dollars from unsuspecting investors.
$439m pledged for UN peace fund, far short of goal
Over three dozen nations have pledged or contributed over $439 million to help secure peace in conflict-stricken states, the United Nations said, a sum that falls far short of the hoped-for $1.5 billion.
Iran transfers foreign funds to buy COVID-19 vaccine: CBI governor
The Iranian government has worked out a solution to pay for foreign supplies of coronavirus vaccines, said the country’s chief banker, amid a series of harsh financial restrictions imposed on the country by the United States.
UN raises $370m for 2021 emergency fund
The United Nations announced on Tuesday it has raised more than $370 million for its emergency fund to help respond to crises in 2021.
Assad: Western sanctions hinder return of Syrian refugees
Iran proposes international fund to rebuild Syria
Iran draws €50m from sovereign wealth fund to pipe water to villages
The Iranian government is drawing some €50 million from the country’s sovereign wealth fund to solve water problems for villages.
UBS won’t fund new offshore Arctic oil, gas projects
A multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, a newspaper said.
Indonesia starts fund for carbon trading to meet emission goals
Indonesia plans to develop a market for carbon trading under a new agency formed to fund efforts to meet greenhouse gas emission reduction target under the Paris climate pact.
China Mobile to set up $4 billion 5G industry fund
China’s largest telecommunications operator China Mobile said on Tuesday it will set up a 30 billion yuan ($4.36 billion) 5G industry fund and has already raised the first installment of 7-10 billion yuan.
Japan’s SoftBank said to be considering IPO for $100b Vision Fund
A handful of executives at SoftBank Group Corp. are weighing the idea of an initial public offering for its Vision Fund, the $100 billion behemoth that has invested in technology companies ranging from Uber Technologies Inc. to WeWork Cos.

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