tag Gov’t

Iran Fara Bourse Sells Gov’t Stake in Shiraz Oil Refinery

EghtesadOnline: The Iranian Privatization Organization sold a block of shares of Shiraz Oil Refining Company on Iran Fara Bourse, the over-the-counter stock market. The IPO move was made on behalf of the National Iranian Oil Refining and Distribution Company.
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Publish Date:12/February/2020 | 10:48

Iran Gov’t to Sell $360m Sukuk Bonds

EghtesadOnline: The Ministry of Economy plans to sell Manfa’at Sukuk bonds worth 47 trillion rials ($361 million) on January 25 as part of financial measures to compensate budgetary needs in current fiscal year that ends in March.
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Publish Date:25/January/2020 | 24:56

Gov’t Sticks to Old Ways to Sell Shares in 2 Refineries

EghtesadOnline: Despite earlier reports that the government would make tweaks in procedures involved in divesting residue of its stake in state companies, a notice by the Iranian Privatization Organization says otherwise.
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Publish Date:11/January/2020 | 24:59

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

Iran Gov’t Expects to Make $5.5 Billion From Gasoline Export

EghtesadOnline: The latest rationing and doubling of gasoline prices that started out of the blue last Friday (Nov. 15) will annually generate up to $5.5 billion in export revenue for the government, a board member of the Iranian Oil, Gas and Petrochemical Products Exporters’ Association said.
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Publish Date:25/November/2019 | 11:51

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

Gov’t Will Sell Stakes in Oil Firms to Settle Debts

EghtesadOnline: The government is planning to repay its debts to private companies by selling its stakes in state-controlled petrochemical and refinery companies, according to a member of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
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Publish Date:28/October/2019 | 24:53

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

Gov’t Sells $46m Bonds

EghtesadOnline: The government’s bond offer was barely not welcomed this week by banks, credit institutions and institutional investors though underwriting financial institutions bought 20 trillion rials ($46 million).
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Publish Date:12/February/2023 | 22:10

Iran Gov’t Announces Corona Rescue Package

EghtesadOnline: The government has approved a large package to help low-income households and struggling businesses impacted by the rapidly spreading coronavirus.
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Publish Date:04/April/2020 | 21:33

Iran Gov’t Insists on Building Dams

EghtesadOnline: In the past dams were built with the aim of ensuring irrigation, power generation and supplying potable water. But now the attitude towards mega-dams has changed significantly, managing director of Iran Water and Power Resources Development Company said.
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Publish Date:19/February/2020 | 10:52

Gov’t Starts Selling Energy-Efficient ACs

EghtesadOnline: To stabilize power supply and avoid outages in the southern regions in summer, the Energy Ministry has started replacing one million old air conditioning systems with energy efficient machines, the ministry’s spokesman for the power department said.
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Publish Date:10/February/2020 | 24:43

Capex Waning in Gov’t Budgets

EghtesadOnline: Government expenditure on civil development projects has been on the decline during March 2010-19.
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Publish Date:05/February/2020 | 24:13

Gov’t Officials Renew Allegiance to Imam Khomeini

EghtesadOnline: President Hassan Rouhani and his Cabinet members visited the mausoleum of Imam Khomeini in southern Tehran on Sunday to renew allegiance to the ideals of the late founder of the Islamic Republic ahead of the anniversary of the 1979 revolution.
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Publish Date:03/February/2020 | 13:15

Iran Gov’t Sells $400m in Bonds

EghtesadOnline: The government sold 53 trillion rials ($400 million) worth of Manfa’at Sukuk bonds on Wednesday via Iran Fara Bourse, over-the-counter market for trading securities, to meet budgetary needs.
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Publish Date:05/January/2020 | 06:04