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Hefty Gov’t Automotive Loan Embroiled in Technicalities

EghtesadOnline: The €844 million loan earmarked for local auto parts makers is yet to materialize, due to disagreements between automakers and state players, a deputy industries minister says.
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Publish Date:21/July/2019 | 10:18

Gov’t Will Divest Stake in 3 Companies

EghtesadOnline: The remaining government shares in three companies will be offered on the stock market during the current Persian month to July 22, according to an official with the Iran Privatization Organization.
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Publish Date:26/June/2019 | 11:45

Shadow Banks Inflicted $2.8 Billion Loss on Gov’t

EghtesadOnline: The government paid 360 trillion rials ($2.8 billion) to compensate losses incurred by the misconduct of shadow banks and unruly lenders in recent years, said Mohammad Baqer Nobakht, the head of Plan and Budget Organization.
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Publish Date:25/June/2019 | 11:34

UK Gov’t Settles $1.6 Billion Dispute With Bank Mellat

EghtesadOnline: The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
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Publish Date:19/June/2019 | 11:53

Iran Parliament Allows Gov’t to Borrow $30b Overseas

EghtesadOnline: While debating the March 2019-20 budget bill on Monday, lawmakers allowed the government to borrow $30 billion in foreign finance in the next fiscal (March 2019-20).
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Publish Date:19/February/2019 | 11:49