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New Equity-Based Sukuk Makes Debut in Iran

EghtesadOnline: The government is set to clear part of its debt to Social Security Organization by issuing up to 50 trillion rials ($1.1 billion) of debt securities, the first batch of which was issued on the capital market by Amin Investment Bank on Sunday.
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Publish Date:13/March/2018 | 06:36

Iran Gov’t to Issue Bonds Worth $222m for Roads Ministry

EghtesadOnline: The Economic Council agreed on Monday that the government issue 10 trillion rials (about $222 million) worth of bonds for purchasing new airplanes and maintaining the country’s roads.
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Publish Date:13/March/2018 | 06:27

Iran Government Piecemeal Auto Policies Gets a Drubbing

EghtesadOnline: Two legislators, Asadollah Qarekhani and Vali Maleki, have censured the government’s automotive policies, hammering the Ministry of Industries, Mining and Trade for policies that have disrupted business and created more space for an already chaotic market.
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Publish Date:25/February/2018 | 07:39

Iranian Government Says New Car Import Rules are Retroactive

EghtesadOnline: The government has finally allowed the clearance of imported cars rotting in the customs. It issued a long-awaited directive outlining conditions under which the cars can be released and says the new rules for elevated tariffs are retroactive.
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Publish Date:24/February/2018 | 24:01

$2.7b Allocated to Energize Production

EghtesadOnline: The government has allocated 130 trillion rials ($2.7 billion) in loans to ramp up production in the current Iranian year (ending March 20), the deputy minister of industries said. Mohsen Salehinia added that about 12,500 manufacturing companies have taken out these loans so far.
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Publish Date:21/February/2018 | 13:15

Winners and Losers of Gov’t Intervention in Forex Market

EghtesadOnline: The flawed management of foreign exchange market in Iran has led to damaging consequences for Iran’s economy, a former president of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
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Publish Date:03/February/2018 | 07:31

Gov’t to Devise Spending Plan for $12 Billion Foreign Finance

EghtesadOnline: First Vice President Es'haq Jahangiri has officially ordered three Cabinet members to devise a spending plan for the $12 billion foreign finance finalized in the post-sanctions era by prioritizing the country's most urgent needs.
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Publish Date:30/January/2018 | 15:06

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