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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

Government Annuls Pricing Reform Scheme

EghtesadOnline: Based on President Hassan Rouhani’s decree on Wednesday to the Industries, Mining and Trade Minister Mohammad Shariatmadari, the scheme to reform the sales of a select number of non-staple goods by allowing producers to avoid printing prices on their products was annulled.
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Publish Date:28/October/2017 | 11:54

Iran Gov’t to Submit Budget Bill on Dec. 5

EghtesadOnline: The government will submit the budget bill of the next fiscal year (starting March 21, 2018) to the parliament on December 5, the government spokesman and president of Planning and Budget Organization, Mohammad Baqer Nobakht, said on Tuesday.
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Publish Date:25/October/2017 | 15:07

Iran Gov’t Opposed to Rial Devaluation

EghtesadOnline: The government spokesman has announced that the administration is against any irrational devaluation of rial against the US dollar since its policy is to manage the rates of foreign currencies in a floating system.
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Publish Date:15/October/2017 | 11:07

$2b in Loans for Exporters

EghtesadOnline: The government has allocated $2 billion in loans from the National Development Fund of Iran to exporters, the minister of economic affairs and finance said on Tuesday.
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Publish Date:07/October/2017 | 07:33

Government Initiative to Reform Pricing

EghtesadOnline: With the aim of creating a free and competitive market, the government issued a directive to reform the sale of non-staple goods by allowing producers to avoid printing prices on their products as of Sept. 23.
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Publish Date:23/September/2017 | 13:15

Ijarah Sukuk Worth $900m Issued

EghtesadOnline: The government issued 35 trillion rials ($900.2 million) worth of Ijarah Sukuk on Iran Fara Bourse on Wednesday.
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Publish Date:23/September/2017 | 24:57

Gov’t Sole Guarantor of Foreign Finance Deals

EghtesadOnline: Following misleading reports in the media, the Central Bank of Iran has sought to set the record straight on the recent stream of foreign finance deals, saying the government is their sole guarantor and that oil revenues are not involved.
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Publish Date:20/September/2017 | 09:38

Iran Gov’t Wheat Purchases Reach 8.8m Tons

EghtesadOnline: The government has purchased 8.8 million tons of wheat worth 115 trillion rials ($2.95 billion) from local farmers across the country so far in the current crop year, Deputy Agriculture Minister Yazdan Seif said.
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Publish Date:11/September/2017 | 10:46

Commission to Vet Banking Reform Bills by December

EghtesadOnline: The twin banking reform bills devised by the government are now being assessed in Majlis Economic Commission and will be ratified in open sessions by December, a member of the commission announced.
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Publish Date:05/September/2017 | 11:45

Gov’t Taken to Task Over Internship Action Plan

EghtesadOnline: The government’s not so well-thought-out Internship Action Plan has entered a limited execution phase while its practical aspects were overlooked, eminent Iranian economist, Hossein Raghfar, said.
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Publish Date:04/September/2017 | 09:53

Iran Gov't to Divest Shares in 3 Insurance Firms

EghtesadOnline: I n line with the general policies of Article 44 of Iran’s Constitution—declared 11 years ago by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei—the remaining state shares in Alborz, Dana and Asia insurance firms are expected to be soon divested, announced the president of the Central Insurance of Iran announced.”
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Publish Date:02/September/2017 | 13:40