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Gov’t Allocates $130m to Agro Mechanization

EghtesadOnline: Out of the 15 trillion rials ($325 million) earmarked for agricultural mechanization in the current Iranian year that started on March 21, 2017, 598 billion rials ($130 million) have been paid to farmers to renew their machinery and equipment, the head of Agricultural Mechanization Expansion Center with the Agriculture Ministry announced.
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Publish Date:24/January/2018 | 09:38

Iran Gov't Bonds Worth $227m to Finance Rail Project

EghtesadOnline: The Economy Ministry plans to issue 10 trillion rials ($227 million) worth of bonds on Tuesday to finance the electrification of Tehran-Mashhad Railroad.
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Publish Date:21/January/2018 | 09:53

Gov’t Supports Maskan Becoming Development Bank

EghtesadOnline: Bank Maskan, as the country’s only specialized lender in the housing sector, will be supported by the Iranian government, particularly the Ministry of Roads and Urban Development and the Ministry of Economic Affairs and Finance, to increase its capital and become a development bank.
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Publish Date:21/January/2018 | 09:07

Iran Gov’t Seeking New Revenues to Cover Budget Deficit

EghtesadOnline: The government has a record of running budget deficits. Latest statistics by the Central Bank of Iran show the budget deficit over the first seven months of the current fiscal year (March 21-Oct. 22) stood at 223.9 trillion rials ($5.3 billion).
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Publish Date:14/January/2018 | 13:54

Gov’t Allocates $24m as Compensation for Chicken Farmers

EghtesadOnline: The government has allocated 1 trillion rials ($24 million) as compensation to chicken farmers for the massive losses caused by the recent outbreak of avian flu across the country, Government Spokesman Mohammad Baqer Nobakht said on Tuesday.
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Publish Date:14/January/2018 | 13:31

Iran Gov’t Says 40m Eligible for Cash Subsidy

EghtesadOnline: Minister of Cooperatives, Labor and Social Welfare Ali Rabiei says nearly 40 million people have been identified as eligible for the government’s Cash Subsidy Program.
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Publish Date:14/January/2018 | 13:21

Government Plans to Sell off Loss-Ridden Steelmaker to MSC

EghtesadOnline: The government is planning to sell its stake in the beleaguered Esfahan Steel Company to Iran’s largest steelmaker, Mobarakeh Steel Company, the deputy cooperatives minister for planning and financial affairs announced.
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Publish Date:14/January/2018 | 09:21

Gov’t Collects Over $100m in Mining Royalties

EghtesadOnline: The government earned more than 4.72 trillion rials (over $109 million) in mining royalties–a percentage of miner’s sales profit–during the first seven months of the current Iranian year (March 21-Oct. 22).
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Publish Date:14/January/2018 | 08:06

Gov’t Paying Justice Shares’ Dividends

EghtesadOnline: The government has started paying the dividends of “Justice Shares” as of Tuesday with its cap set at 500,000 rials ($11.54) for each shareholder, the head of Iran Privatization Organization said.
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Publish Date:10/January/2018 | 24:26

Government's 100-Day Track Record

EghtesadOnline: One hundred days into his second term, Iran’s President Hassan Rouhani outlined his government’s performance and reaffirmed his commitment to fulfilling his campaign promises on live television on Tuesday.
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Publish Date:13/December/2017 | 15:08

$8.4b Worth of ITBs to Be Issued by Yearend

EghtesadOnline: The government plans to issue 345 trillion rials ($8.41 billion) of Islamic Treasury Bonds by the end of the current fiscal year (March 21, 2017-18), head of Securities and Exchange Organization Shapour Mohammadi has announced.
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Publish Date:13/December/2017 | 13:18

Gov’t Urged to Settle $71m Rail Debt

EghtesadOnline: The CEO of Raja Rail Transport Company has called on the government to settle its 3-trillion-rial ($71 million) debt owed to this company as soon as possible.
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Publish Date:11/December/2017 | 08:26

100-Day Housing Performance Outlined

EghtesadOnline: The Iranian government has managed to boost home ownership through allocation of bigger home loans at lower interest rates, which have significantly improved the real-estate market.
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Publish Date:10/December/2017 | 13:21

Iran Gov’t Sends AML/CFT Amendments to Majlis

EghtesadOnline: President Hassan Rouhani has presented two bills for making amendments to the current Law of Combating the Financing of Terrorism and the Law of Anti-Money Laundering.
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Publish Date:21/November/2017 | 06:55

Foreign Auto JVs Under Iran Gov’t Scrutiny

EghtesadOnline: The Iranian Ministry of Industry has instructed local carmakers and their foreign partners to submit reports of their activities and achievements.
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Publish Date:18/November/2017 | 15:38

$250 Million in Gov’t Grants, Loans to Kermanshah Quake Victims

EghtesadOnline: The government will allocate 6,590 billion rials ($164 million) in loans and 2,810 billion rials ($70 million) as grants to households in the quake-stricken Kermanshah Province in western Iran, said Government Spokesman Mohammad Baqer Nobakht in Wednesday’s Cabinet meeting.
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Publish Date:18/November/2017 | 15:34

Gov’t Allocates Over $87m to Nomads

EghtesadOnline: For the first time since the 1979 Islamic Revolution, the government has allocated up to 3.5 trillion rials ($87.5 million) out of revenues earned from value added tax for the development of nomadic regions as per the Sixth Five-Year Development Plan (2017-22), the head of the Iranian Nomad Organization, Karamali Qandali, has announced.
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Publish Date:04/November/2017 | 07:00