Iran government
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Iran's New Government Formed
EghtesadOnline: The proposed ministerial lineup for President Hassan Rouhani's second tenure was almost totally confirmed by the parliament on Sunday, in a clear display of support for the centrist…
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Iran Gov’t Stops Issuing Auto Import Permits
EghtesadOnline: Ministry of Industries, Mining and Trade has stopped issuing auto import permits for all cars.
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Gov’t Slaps New Tax on Auto Production
EghtesadOnline: President Hassan Rouhani’s government has issued a call requiring local automakers to contribute to modernizing the transportation fleet.
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Iran Gov’t to Implement New Steel Pricing Mechanism
EghtesadOnline: The government is making another foray to enforce pricing, as the so-called Competition Council has announced a new pricing mechanism for steel.
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Gov’t Wheat Purchases Exceed 8m Tons
EghtesadOnline: More than 8 million tons of wheat worth close to 105 trillion rials ($2.74 billion) have been purchased from local farmers across the country so far this year, a deputy chairman…
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Gov’t to Deposit $15b of Oil Revenues
EghtesadOnline: In the current fiscal year, $15 billion from oil revenues will be deposited in the National Development Fund of Iran, the government spokesman announced.
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Gov’t Vs. Miners
EghtesadOnline: Another bust, another boom and iron ore miners and the government are at it again.
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No one can harm Iranian Armed Forces: Rouhani
EghtesadOnline: Iranian President Hassan Rouhani says the three branches of the government support the country’s Armed Forces and no one can harm them.
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Gov’t Debts to Banking System Exceed $58b
EghtesadOnline: In the month ending April 20, the government's debts to the banking system, including the Central Bank of Iran, commercial, specialized and private banks, exceeded 2.2 quadrillion…
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GTC Beefs UP Colza Stocks
EghtesadOnline: The government has purchased more than 173,000 tons of colza from local farmers so far this crop year, registering a 260% increase compared with the corresponding period of last…
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Iran Gov’t Seeking Solution for Petrochem Issue With China
EghtesadOnline: The government is keen to help remove trade barriers between private-sector Iranian petrochemical exporters and Chinese buyers, Oil Minister Bijan Namdar Zanganeh said.
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Gov’t Tea Purchase Reaches 78,000 Tons
EghtesadOnline: About 78,000 tons of fresh tea leaves worth 1.55 trillion rials ($41 million) have been purchased from farmers by the government at guaranteed prices, the head of Tea Organization…
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Iran Government to Choke Auto Imports?
EghtesadOnline: The Ministry of Industries, Mining and Trade has announced a proposal, the implementation of which is certain to tighten the grip of Iran Khodro and SAIPA, the largest state-controlled…
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$1.5b in Rail Investments Since 2013
EghtesadOnline: The government has invested $1.5 billion in c ever since President Hassan Rouhani took office in August 2013, Saeed Mohammadzadeh, CEO of the Islamic Republic of Iran Railways,…
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Over $9b Earmarked for Development Projects
EghtesadOnline: The government will have spent 374 trillion rials ($9.87 billion) in development projects by the end of the current Iranian year (March 20, 2018), says government spokesperson,…
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Gov’t to Increase Investment in Agricultural Mechanization
EghtesadOnline: The government will invest about 15 trillion rials (nearly $395.5 million) in agricultural mechanization in the current Iranian year (March 2017-18), 25% more compared with last…
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Iran Gov’t Prioritizing Establishment of IoT Infrastructure
EghtesadOnline: Deputy Telecoms Minister Amir Hossein Davaie said establishing Internet of Things in the country requires clear rules and efficient infrastructure defined by the ministry, urging…
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Gov't to Press On With Health Reforms
EghtesadOnline: President Hassan Rouhani has vowed to keep on track a national plan for major health reforms, despite a strained budget.
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Nuclear-related sanctions hurt Iranian people, not government: President Rouhani
EghtesadOnline: Iran’s President Hassan Rouhani says the sanctions that had been imposed on the country over its nuclear program impacted the Iranian nation rather than government, contrary to…
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Iran Guaranteed $12b of FDI in 2016
EghtesadOnline: As the capital from unstable countries in the region is flowing into Iran, a deputy economy minister said the government guaranteed foreign investments worth $12 billion in 2016.
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Gov’t Car Import Plan Will Create New Monopolies
EghtesadOnline: Allowing import permits to auto manufacturers alone will give them ample space for monopoly to consolidate their position in the auto industry, says head of Iran’s Auto Importers…
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$8b in Loans Earmarked to Help Boost Iran Industries
EghtesadOnline: The government has allocated 300 trillion rials ($8 billion) in the current fiscal year (March 2017-18) to spur growth in Iran’s manufacturing sector, Industries, Mining and Trade…
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Iran Capital Market Awaits Reforms by New Government
EghtesadOnline: The stock market was dealing with a great deal of ambiguities during the last days of the 10th government (the second term of former president, Mahmoud Ahmadinejad), as petrochemical…
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Need for Jobs and Workable Gov't Measures in Iran
EghtesadOnline: Job creation is not within the direct purview of the government, yet it was one of the main topics in the presidential election debates last month.
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Private Sector Outlines Expectations From Gov’t
EghtesadOnline: As the new government is scrambling to form its Cabinet, President of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari, has outlined the private…
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Gov’t Urged to Disburse Forest Protection Fund
EghtesadOnline: About 20% of the budget earmarked for the Forest Protection Law have been allocated by the government, the head of the Forests, Range and Watershed Management Organization said.
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Iran Government Wants Reduced Footprint in Energy Industry
EghtesadOnline: Energy Minister Hamid Chitchian on Saturday called for incentives to encourage private investment in water and power projects in a bid to reduce the government footprint over…
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Gov’t Buys $27m Worth of Fresh Tea
EghtesadOnline: Close to 44,000 tons of fresh tea leaves worth 1.03 trillion rials ($27.57 million) have been purchased from farmers in the first tea harvest in Gilan and Mazandaran provinces,…
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Foreign Banks’ Tax Rebate Under Consideration
EghtesadOnline: The government’s new tax bill–sent to the parliament in March–to enlarge the value added tax exemption list to include insurance firms and foreign banks’ services has now been…
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Oversized Gov’t Imposing Crushing Burden on Iran Economy
EghtesadOnline: In Iran, there is one civil servant for every 26 to 28 people whereas the international average is one for every 600 to 800 people, Iran Productivity Association announced.