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Iran joins AIIB as owner member, says China

BEIJING: Iran has been supposed as a first member of a China-led Asian Infrastructure Investment Bank (AIIB), Chinese state news group reported late on Tuesday.

The preference was done by existent members, including China, Britain, France, India and Italy, it added.

The United Arab Emirates has also been accepted, Xinhua said.

The AIIB is seen as a intensity opposition to determined lenders a World Bank and Asian Investment Bank, that are dominated by a United States and Japan. China and Iran have tighten diplomatic, economic, trade and appetite ties.

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