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BIM Unveils Open Banking Platform

EghtesadOnline: Bank of Industry and Mine, a specialized bank owned by the government , unveiled an open banking platform in line with belated plans to access new financial technologies.
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Publish Date:07/October/2020 | 19:47

Tax Revenues More Than Double to $1.7 Billion in 1st Fiscal Quarter

EghtesadOnline: The government earned 510 trillion rials ($1.73 billion) in tax revenues during the first quarter of the current fiscal year (March 20-June 20), which indicates a 111% increase compared with the corresponding period of last year.
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Publish Date:30/September/2020 | 14:05

Interest Lacking in Refinery ETF

EghtesadOnline: The government ’s move to sell shares in four major refineries via an exchange-traded fund was received coldly by investors as barely 20% of the assets were bought in the subscription phase.
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Publish Date:28/September/2020 | 18:52

Bond Sales Stutter

EghtesadOnline: Weekly bond auction data indicates a steep decline in investor interest in Islamic bonds issued by the government .
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Publish Date:26/September/2020 | 13:37

Gov't Agro Feats Reviewed

EghtesadOnline: Agriculture Minister Kazem Khavazi has expounded on the government 's track record since President Hassan Rouhani began his first tenure in August 2013.
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Publish Date:25/September/2020 | 19:59

Strictures on Use of Commercial Cards

EghtesadOnline: Caretaker of the Industries Ministry says the government will soon put an end to the practice of companies’ renting commercial cards for export.
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Publish Date:25/September/2020 | 19:42

1,000 Gov’t Estates on Divestiture List

EghtesadOnline: About 1,000 estates owned by the government are on the divestiture list by the time the current fiscal is out next March, an official with the Economy Ministry said.
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Publish Date:21/September/2020 | 14:16

Third Covid-19 Wave Hits Tehran

EghtesadOnline: Head of Tehran’s coronavirus taskforce called for the government ’s “serious intervention” to assist the key province in confronting a third wave of Covid-19 infections.
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Publish Date:21/September/2020 | 14:09

Tax Income to Public Budget, Expenditure Ratio Improves

EghtesadOnline: Tax revenues to government public budget resources increased from 35.1% in the year ending March 2019 to 37.5% in the year ending March 2020, as tax revenues to current expenditure ratio also improved from 2.45% to 8.47% during the fiscal 2019-20.
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Publish Date:20/September/2020 | 11:35

Share Offers Here to Stay

EghtesadOnline: Government policy to sell stakes in state-run companies will continue to generate revenue for the next fiscal budget (March 2021-22), head of the Plan and Budget Organization said.
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Publish Date:19/September/2020 | 24:04

Iran Gov’t New Housing Scheme: 65,000 Applicants Seeking Loans

EghtesadOnline: Atotal of 65,000 applicants have opened accounts with designated banks of the government -sponsored “National Housing Initiative” so far and 38,000 of them have made the initial payment of between 300-400 million rials [$1,165-1,554], says an official with Bank Maskan, the state agent bank of the housing sector.
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Publish Date:12/September/2020 | 13:21

Iranian Banks Shutter Branches to Cut Costs

EghtesadOnline: Banks owned by the government sold 280 trillion rials ($1.2 billion) in assets since January 2018, the Ministry of Economy said in a report.
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Publish Date:06/September/2020 | 24:19

Economic Operators’ Satisfaction With State Entities Improves

EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture has published the results of an annual survey on the performance of organizations and agencies of three branches of the government (legislative, judiciary and executive) involved in shaping Iran’s business environment in the Iranian year ending March 2020.
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Publish Date:01/September/2020 | 11:35

Commodities on Import Ban List Increase to 2,400

EghtesadOnline: The government has added 800 items to the list of banned imports since last fiscal year (started March 21, 2019), which bring the total number of banned imported commodities to 2,400, the head of Trade Promotion Organization, Hamid Zadboum, said.
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Publish Date:31/August/2020 | 09:23

Banks Instructed to Allot 3% of Resources for Bond Buying

EghtesadOnline: The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government . It issued a three-month deadline for this task.
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Publish Date:27/August/2020 | 17:44

IPO Announces Launch of ETF for 4 Refineries

EghtesadOnline: The Iranian Privatization Organization published a notice Tuesday outlining details about subscription of government shares in four refineries via an exchange-traded fund.
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Publish Date:26/August/2020 | 24:22

CBI Wants Banks to Buy Bonds

EghtesadOnline: Governor of the Central Bank of Iran says lenders should use a fraction of their financial reserves to buy bonds issued by the government .
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Publish Date:19/August/2020 | 10:10

Reward and Punishment Policy for Unruly Exporters

EghtesadOnline: Export companies have refused to return $27 billion in overseas earnings in the past two years and the government is struggling to bring the money back by resorting to a mix of pliability and penalty.
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Publish Date:19/August/2020 | 10:02

Auto Parts Localization Could Save $2 Billion

EghtesadOnline: Iranian auto industries can reduce capital flight by $2 billion, if the government were to support their localization efforts, secretary of Iranian Auto Parts Manufacturers Association says.
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Publish Date:18/August/2020 | 10:04