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ETFs to Help Gov’t Sell Shares

EghtesadOnline: In the budget bill for the next fiscal year (March 2020-21) the government can divest its stake in state-run companies via exchange-traded funds.
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Publish Date:11/December/2019 | 10:03

Gov’t Generates $300m in Bond Sales

EghtesadOnline: The government sold Manfa’at Sukuk bonds worth 40 trillion rials ($300 million) on Sunday to meet its budgeting needs for the fiscal year that ends in March.
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Publish Date:10/December/2019 | 24:37

Rise in Iranian Departure Tax Next Year

EghtesadOnline: The Iranian government has set next year’s departure tax at 2.64 million rials ($20) for travelers who take their first overseas trip of the year, as per the budget bill of the next fiscal year (March 2020-21), 3.96 million rials ($30) for their second trip and 5.28 million rials ($40) for the third or more trips.
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Publish Date:10/December/2019 | 24:28

Iran: $500 Million in Government's Grant to Retrofit Cabs, Vans

EghtesadOnline: The government ’s Economic Council has approved a proposal by the Oil Ministry based on which the state-owned National Iranian Oil Products Distribution Company has been tasked with helping convert 1.5 million gasoline-powered vans and taxis to compressed natural gas hybrids.
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Publish Date:09/December/2019 | 10:56

Iran Gov’t to Unveil New Divestiture Scheme

EghtesadOnline: The government will unveil a plan this week for the divestiture of state-owned companies in the stock market, the economy minister said.
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Publish Date:23/November/2019 | 24:29

Iran's H1 Mining Royalty Payments Hit $70m

EghtesadOnline: Iranian miners paid a total of 8.65 trillion rials ($70.95 million) in mining royalties to the government during the first half of the current Iranian year (March 21-Sept. 22).
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Publish Date:23/November/2019 | 24:22

Iran Gov’t Invests $225m in Innovation Fund

EghtesadOnline: The Iranian government has agreed to invest 26 trillion rials ($225 million) in Iran National Innovation Fund to support knowledge-based companies and startups.
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Publish Date:07/September/2019 | 24:00

Banks’ Surplus Assets Fall Out of Favor

EghtesaadOnline: While the government insists on lenders to get rid of their surplus properties, it seems that this is better said than done.
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Publish Date:25/August/2019 | 10:41

435 Trillion Rials in Bonds Proposed in 2019-20 Budget

EghtesadOnline: Provisions of Note 5 of next year’s budget give details about Islamic bonds the government intends to issue in the next fiscal year that begins in March 2019.
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Publish Date:30/December/2018 | 11:13

Iran Gov't Financial Resources Up 20%

EghtesadOnline: Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, says despite sanctions, the government ’s financial resources have increased more than 20% in the first seven months of the current year (March 21-Oct. 22) compared with the same period of last year.
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Publish Date:06/November/2018 | 10:40

Iranian Gov’t Bodies, Banks Allowed to Issue Bonds

EghtesadOnline: The government has outlined new tasks for state-owned companies, banks and for-profit institutions as part of a directive for the next fiscal (March 2019-20) budget.
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Publish Date:03/November/2018 | 06:33

Iran Government Expected to Change Currency Repatriation Rules

EghtesadOnline: Iran's private sector remains steadfast in its opposition to recent currency repatriation rules lately adopted by the government with the supposed aim of bolstering currency reserves and fostering trade.
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Publish Date:21/October/2018 | 08:27

Iran Gov’t Buys 5.5% More Wheat This Year

EghtesadOnline: More than 9.5 million tons of wheat worth 120 trillion rials ($750 million) have been purchased from local farmers across the country by the government in the current Iranian year, registering a 5.5% rise both in weight and value compared with last year.
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Publish Date:10/October/2018 | 11:38

Iran Capex Disbursements Increase by 450%

EghtesadOnline: The Iranian government has spent 255 trillion rials ($1.73 billion) in capital expenditure during the first five months of the current Iranian year (started March 21), which is 450% more compared with the same period of last year, Iran's Plan and Budget Organization said.
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Publish Date:29/September/2018 | 14:03

Gov’t Buys 4% More Fresh Tea Leaves

EghtesadOnline: Around 101,000 tons of fresh tea leaves worth 2.01 trillion rials ($17.1 million) have been purchased from local farmers since the beginning of the current Iranian year on March 21, registering a 4% increase compared with the similar period of last year, the head of Iran Tea Organization said.
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Publish Date:23/September/2018 | 13:13

Iran Government's Departure Tax Revenues Up 117 Percent

EghtesadOnline: The government earned 3 trillion rials ($24 million) from departure tax in the first four months of the current year (March 21-July 22). The figure indicates a rise of 177.2% compared with the same period of last year, the latest data released by the Central Bank of Iran show.
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Publish Date:18/September/2018 | 11:42

Iran Gov’t to Tax POS Transactions

EghtesadOnline: The government will start levying taxes on business owners' transactions processed through point-of-sale devices to combat tax evasion, the head of Iran National Tax Administration announced.
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Publish Date:16/September/2018 | 05:11

Iran Gov't Plan to Ease Home Loan Rules

EghtesadOnline: As prices of all goods and services, including apartments, are rising in Iran due to an ongoing currency crisis, the government is pondering on ways to facilitate conditions of homeownership to at least partially offset the declining public purchasing power in the housing market.
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Publish Date:10/September/2018 | 05:26

Iran Gov’t Moves to Regulate Distribution Network

EghtesadOnline: Eager to contain the mounting public outrage over the recent car price hikes, the hard-pressed Industries Ministry has decided to shift the focus to aggravating factors closer to home, especially the distribution network.
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Publish Date:04/September/2018 | 11:58