Iran government
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Government Proposes Trilateral Debt Swap
EghtesadOnline: The government has proposed a trilateral swap deal among the state, private contractors and banks to help ease its debt burden.
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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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$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…
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Gov’t, TM to Build 55,000 Houses in Old Districts
EghtesadOnline: The Iranian government and Tehran Municipality are assessing regulations of their joint project to build 55,000 residential units in Tehran’s distressed areas under the moniker…
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Iran Gov’t Announces Hybrid Vehicle Tax Incentive
EghtesadOnline: The Iranian National Tax Administration says value-added tax would be exempted on hybrid electric-petrol cars.
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Gov’t Notifies CFT Law
EghtesadOnline: The Iranian Cabinet has notified the Law on Combating Financing of Terrorism for implementation 20 months after the measure received the parliamentary approval.
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Gov't to overcome likely sanctions using past experience
EghtesadOnline: Government spokesman Mohammad-Baqer Nobakht said Iran will use its past experience to counter impacts of the sanctions.
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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…
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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…
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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…
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Iranian Automakers Urged to Increase R&D Budget
EghtesadOnline: The government has called on local car manufacturers to increase investment in their research and development.
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Gov’t Mounts Sustained Effort to Manage Assets
EghtesadOnline: Facing the prospect of a shortage of assets and a gaping budget, the government, in partnership with other entities, organized the first conference on managing public sector assets…
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Banking Arrears of Iran Gov’t at $60b
EghtesadOnline: The government’s payment arrears to the country’s banking system in the month ending Aug. 22–which includes dues to central bank, state-run commercial and specialized banks as…
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Iran Gov’t to Direct Investment Towards IT
EghtesadOnline: The Vice Presidency for Science and Technology has established a new task force called ‘ICT Committee’ to promote investment in information technology companies.
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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…
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$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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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…
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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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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…
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Promoting ties with neighbors top on gov't agenda: Iran vice president
EghtesadOnline: Developing trade and economic relations with neighboring and regional countries is a priority in the Iranian government's policies, Vice President for Economic Affairs Mohammad…
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Gov’t to Earn $2.5b From Forex Revaluation
EghtesadOnline: While foreign currency rates, especially the US dollar, are gradually rising in the market, the government’s earnings from revaluation of the Central Bank of Iran’s forex resources…
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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 Agricultur…
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Gov’t Economic Approaches Erroneous
EghtesadOnline: Some of the decisions made by the newly-formed government of President Hassan Rouhani suggest that the officials are intent on pursuing the trial-and-error approaches that bled…
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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…
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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…
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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…
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State Recruitment for 30,000 Jobs Scheduled
EghtesadOnline: The government plans to recruit 30,000 people in state-run executive bodies during the current Iranian year (started March 21).
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Gov’t Blamed for Rising Prices of Imported Cars
EghtesadOnline: Prices of imported vehicles have shot up 15% during the past three weeks, Head of Iran Auto Importers Association said.
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Job Creation Tops New Government Agenda
EghtesadOnline: As 16 of the ministerial nominees proposed by President Hassan Rouhani got the parliamentary vote of confidence on Sunday, the president and his Cabinet know exactly what one…
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Rural Job Creation a Top Government Priority
EghtesadOnline: Promoting development and creating jobs in rural areas are top priorities of the government of President Hassan Rouhani, as a solution to impede the rural residents’ migration…