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 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

MPO in Charge of Rural Employment Scheme

EghtesadOnline: The Iranian Parliament, apparently heeding the warnings of its research arm, on Sunday approved a measure requiring the Management and Planning Organization to establish a comprehensive online system to supervise a recent loan scheme by the country's sovereign wealth fund.

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Publish Date:10/July/2017 | 05:55

Iran Sovereign Wealth Fund Reports Rise in L/Cs

EghtesadOnline: The National Development Fund of Iran–the main sovereign wealth fund– has announced that it has recorded a year-on-year increase of “50% plus” in opening letters of credit during the previous fiscal year that ended in March.

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Publish Date:18/June/2017 | 09:01

NDFI Revenues to Be Hiked

EghtesadOnline: The parliament voted to raise Iran’s sovereign wealth fund’s share of petroleum revenues to 30% for the sixth five-year development plan (2016-21), up from the previous 20%.

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Publish Date:22/December/2016 | 11:39

Iran's Sovereign Wealth Fund Allocates $15b to 20 Banks in 4 Months

EghtesadOnline: Iran's sovereign wealth fund entrusted $15 billion in foreign currency resources to state-run and private banks in the first four months of the current fiscal year (March 21-July 22).

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Publish Date:01/August/2018 | 04:25

NDFI Lending Hits $36b

EghtesaadOnline: Iran's sovereign wealth fund has allocated $36 billion in foreign exchange loans to bankroll the country’s national projects in the past six years ending Sept. 22.

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Publish Date:13/November/2017 | 07:18

Iran Sovereign Wealth Fund Favors Energy Sector, Five-Year Data Shows

EghtesadOnline: The National Development Fund of Iran, the national sovereign fund established in 2011, has published a comprehensive report on the first five years of its activity up to March 20, 2017.

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Publish Date:04/September/2017 | 07:40

$40b Deposited in Wealth Fund Since 2013

EghtesadOnline: Criticizing legal restrictions on the government’s access to Iran’s sovereign wealth fund, the National Development Fund of Iran, President Hassan Rouhani said his government has deposited $40 billion into the fund since he took office in August 2013.

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Publish Date:15/July/2017 | 06:56

Rouhani Slams Restriction on State Access to NDFI

EghtesadOnline: President Hassan Rouhani criticized the parliament for tying the government’s hands on access to Iran’s sovereign wealth fund amid the financial crunch caused by lower oil revenues.

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Publish Date:28/February/2017 | 15:34

NDFI Ready to Finance Trade With Latin America

EghtesadOnline: Iran's sovereign state fund is ready to bankroll projects involving the export of goods and techno-engineering services to Latin American countries, announced the fund's director.

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Publish Date:25/December/2016 | 07:01