NDFI Earmarks €1 Billion to Makran Coast

EghtesadOnline: The National Development Fund of Iran ( NDFI ) allocated €1 billion for the development of the Makran Coast south of the country.

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Publish Date:14/January/2024 | 24:17

Debt Collection Is Improving: NDFI

EghtesadOnline: Head of the National Development Fund of Iran ( NDFI ) said repayment of loans given by the sovereign wealth fund has gained pace in recent months.

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Publish Date:06/September/2022 | 24:01

Majlis Raises NDFI Share in Energy Export Income

EghtesadOnline: The Majlis on Sunday approved provisions of the next fiscal budget bill that require the government to set aside a bigger share of energy export revenue for the National Development Fund of Iran, the sovereign wealth fund.

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Publish Date:22/February/2022 | 16:19

Economist Criticizes NDFI Fund Diversion

EghtesadOnline: Governments’ appropriation of the foreign exchange resources of the National Development Fund of Iran, the country’s sovereign wealth fund, has been rising constantly over the past few years, such that the fund now accounts for a significant part of the budget, Mehdi Pazouki, an economic expert, said in a write-up for the Persian daily Jahan-e Sanat. A translation of the text follows:

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Publish Date:26/January/2022 | 16:34

Companies Borrowed $3.2b in 7 Months: NDFI

EghtesadOnline: The National Development Fund of Iran gave 880 trillion rials ($3.2 billion) in loans in the first seven months of current fiscal year (March 20-Oct.21), the managing director of the sovereign wealth fund said.

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Publish Date:23/January/2022 | 16:09

Borrowers Struggling to Repay NDFI Loans

EghtesadOnline: The main challenge the National Development Fund of Iran is facing is the difficulty of borrowers in reimbursing loans, the fund’s deputy for banking and credit affairs said.

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Publish Date:12/January/2022 | 15:48

NDFI to Inject $150m in Bourse

EghtesadOnline: The National Development Fund of Iran will deposit $150 million with the Capital Market Stabilization Fund to help boost the ailing stock market.

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Publish Date:08/November/2021 | 14:44

NDFI Lends $18b in H1

EghtesadOnline: A report by the National Development Fund of Iran shows that the sovereign wealth fund allocated $14.7 billion in foreign exchange in loans through 20 agent banks during the first half of current fiscal (March 21- Sept. 22.).

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Publish Date:01/January/2019 | 24:56

NDFI Allocates $2.2b to Bidboland Refinery

EghtesadOnline: The National Development Fund of Iran contributed $2.2 billion to help fund the Bid Boland Gas Refinery project in the city of Behbahan, Khuzestan Province, which the fund’s director says is nearly complete.

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Publish Date:12/August/2018 | 05:21

NDFI Lends $320m to Six Banks for Loan Allocation

EghtesadOnline: Iran’s sovereign wealth fund deposited a total of 14 trillion rials ($320 million) with six agent banks in the first four months of the current fiscal year (ended July 21) for the lenders to allocate as low-interest loans to various sectors with a special focus on agriculture.

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Publish Date:28/July/2018 | 06:33

NDFI to Offer Loans Worth $2.8b to Create Rural Jobs

EghtesadOnline: The government will allocate 120 trillion rials ($2.85 billion) in loans from the National Development Fund of Iran to enhance job creation in rural areas, Abolfazl Razavi, vice president for rural development and deprived areas, has announced.

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Publish Date:22/May/2018 | 05:19

NDFI Urged to Attract Foreign Investments

EghtesadOnline: President Hassan Rouhani has ordered the National Development Fund of Iran to prepare a plan to attract foreign investments, according to a board member of the fund who also referred to measures taken for boosting foreign relations through other channels.

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Publish Date:13/March/2018 | 06:55

NDFI Cap for Gov’t at $3.2b

EghtesadOnline: As part of their latest open session on Sunday to discuss the fiscal 2018-19 budget bill, members of parliament designated the areas where resources from the National Development Fund of Iran are allowed to be spent by the government.

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Publish Date:13/March/2018 | 06:41

NDFI to Get 32% of Oil, Gas Money

EghtesadOnline: Members of parliament on Saturday approved a measure determining the share of the National Development Fund of Iran from all oil and gas export revenues in their latest open session on Saturday to decide on the articles of the fiscal 2018-19 budget law.

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Publish Date:18/February/2018 | 08:10

Private Sector NDFI ’s Main Beneficiary

EghtesadOnline: Iran's sovereign-wealth fund has approved more than $36 billion in foreign exchange loans since its inception about six years ago until the third quarter of the current fiscal year to Dec. 21.

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Publish Date:22/January/2018 | 24:33

Rouhani Approves $500m From NDFI to Launch Rail Leasing Company

EghtesadOnline: President Hassan Rouhani has agreed to allocate $500 million from the National Development Fund of Iran, the country’s sovereign wealth fund, for the establishment of a rail leasing company, the deputy head of the Islamic Republic of Iran Railways said.

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Publish Date:14/January/2018 | 10:39

NDFI Pledges Support for Exports to Oman

EghtesadOnline: The director of the National Development Fund of Iran pledged the sovereign wealth fund’s support for companies exporting goods and technical and engineering services to Oman in a joint meeting with the head of the Iran-Oman Chamber of Commerce.

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Publish Date:14/January/2018 | 10:28

NDFI Gets New Chief

EghtesadOnline: The Board of Trustees at the National Development Fund of Iran–the country’s sovereign wealth fund–appointed Morteza Shahidzadeh to take the institution’s helm after the resignation of its previous president was accepted on Saturday.

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Publish Date:14/January/2018 | 07:36

IMF, NDFI Convene in Tehran

EghtesadOnline: A delegation from the International Monetary Fund met with officials from the National Development Fund of Iran on Saturday.

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Publish Date:13/December/2017 | 24:38

Iran Exim Bank Tapping NDFI Resources

EghtesadOnline: Export Development Bank of Iran–the country's exim bank–is to integrate its resources with funds from the country's sovereign wealth fund to allocate them as loans to Iranian exporters, EDBI’s chief executive announced.

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Publish Date:25/November/2017 | 11:34