Iran but not with the United States, and not with Israel—a state which Iran's government has derecognized since the 1979 Revolution. Among Muslim nations, Iran has severe relationship with Saudi Arabia due to different political and Islamic ideologies while Iran is a Shia Islamic Republic and Saudi is a conservative Sunni monarchy. Regarding the Israeli–Palestinian conflict, the government of Iran has recognized Jerusalem as the capital of the State of Palestine, after Trump recognized Jerusalem as the capital of Israel. On 14 July 2015, Tehran and the P5+1 came to a historic agreement ("Joint Comprehensive Plan of Action") to end economic
Export Development Bank of Iran of the recent upgrade of Iran’s Sovereign Long-Term Foreign Currency Rating (FCR) to BB-/B/Stable (from B+/B/Stable), EDBI’s Support Rating is raised to ‘2’ from ‘4’, which indicates a very high likelihood of further foreign currency liquidity and capital support being made available by the authorities. The Export Development Bank of Iran has access to the Government Fund (Sovereign Wealth Fund) administered by the National Development Fund of Iran [NDFI] which was founded in 2011. The NDFI has so far signed agency contracts with different Iranian banks including Exports Development Bank of Iran (EDBI) to allocate US$9 billion for supporting investments