Iran government
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$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…
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Gov’t Earned 150% More From Tax Than Oil Last Fiscal
EghtesadOnline: The government earned 150% more from tax than from oil in the last fiscal year (March 2016-17), the chairman of Iranian National Tax Administration said.
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$660m Allocated to Modernize Irrigation Systems
EghtesadOnline: The government has allocated 31.17 trillion rials ($660 million) for the installation of modern irrigation systems in farmlands across the country, of which 41% (close to $270…
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$6.4b Worth of Gov’t Bonds Issued This Year
EghtesadOnline: The government has issued over 300 trillion rials ($6.4 billion) worth of debt securities so far in the current fiscal year (started March 21, 2017), Chairman of Islamic Republic…
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Iran Gov't Prepares Forex Package as Market Finds Respite
EghtesadOnline: As the fallout from the forex market volatility continued into Wednesday, the Cabinet approved a package by the Central Bank of Iran to stabilize the market and push speculators…
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Private Sector Help Needed in Water Projects
EghtesadOnline: The government has allocated $1.2 billion to water management schemes in the five past years, a majority of which have been planned in collaboration with the private sector, data…
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Mounting Pressure Compels Iran Government to Rethink Hybrid Import Tariffs
EghtesadOnline: The Ministry of Industries has sent an amended version of auto import rules to the Cabinet that proposes newly-imposed higher import tariffs on hybrid cars be cut and be based…
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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…
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Gov’t Still Pursuing Forex Rate Unification
EghtesadOnline: The government’s longstanding plan to unify Iran’s dual foreign exchange rate regime has faced several barriers, but a deputy economy minister said the plan is well and alive.
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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…
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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)…
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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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Iran Gov’t Allowed to Monitor Transactions of High Earners
EghtesadOnline: The Majlis Joint Commission has allowed the government to gradually remove 33 million people from the list of cash subsidy recipients in the next fiscal (March 2017-18).
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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…
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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…
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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,…
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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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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…
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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…
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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…
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Forex Rate Unification in Iran Put Off by Bullish Dollar
EghtesadOnline: With too many irons in the fire, the government and the Central Bank of Iran do not seem to be in the mood for making tough decisions, especially in the foreign exchange market.
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New Restrictions on Import Order Registrations
EghtesadOnline: The government has limited the hours during which import order registrations can be made.
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CI: Gov't Arrear Repayment to Invigorate Iranian Banks
EghtesadOnline: In its latest analysis of the Iranian banking sector, Capital Intelligence, the international ratings agency, noted that the repayment of government arrears to banks and the private…
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Gov’t Spending Tops Revenues
EghtesadOnline: Iran’s budget deficit came in wider than expected in the first seven months of the current fiscal year (March 21-Oct. 22) to reach 223.9 trillion rials ($5.3 billion), according…
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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…
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$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…
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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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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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Gov’t Denies Borrowing From CBI
EghtesadOnline: The administration of President Hassan Rouhani in its two terms has not borrowed anything from the Central Bank of Iran, the Ministry of Economic and Finance Affairs announced…
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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.