Iranian opposition news site got $800m in debt relief: Report

Iranian opposition news site got $800m in debt relief: Report An $870m debt-relief deal suggests that Iran International, an Iranian opposition outlet, has tie…

In breve

Iranian opposition news site receives $800m in debt relief, according to a report.

Punti chiave

• Iranian opposition news site got $800m in debt relief

Contesto

Iranian opposition news site got $800m in debt relief: Report Iranian opposition news site got $800m in debt relief: Report An $870m debt-relief deal suggests that Iran International, an Iranian opposition outlet, has ties to Saudi Arabian investors, according to a Financial Times report on Thursday.  The links stem from documents related to a debt-for-equity swap that Iran International conducted in December to shore up its finances. Iran International has spent hundreds of millions of dollars since its founding in 2017 by British-Saudi investors, the FT reported. According to the report, Iran International’s parent company, Volant Media UK, has lost more than $550m over the past five years, and it owes related entities about $645m. Those numbers came from documents that the FT reported as covering the financial year ending December 2024. Iran International says it is the…

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Verdetto: publish
Confidenza: 82/100

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Cosa resta incerto

• The report does not specify the source of the debt relief

Categoria: cronaca
Entità: Iranian, Report