NDFI
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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…
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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…
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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…
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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…
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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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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…
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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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$3b Deposited Into NDFI in Q1
EghtesadOnline: About $3 billion were deposited into the Development Fund of Iran from oil and gas resources in the first quarter of the current fiscal year (started March 21), chairman of the…
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NDFI Allocates Over $50m to Nomads
EghtesadOnline: A total of 2 trillion rials ($51.28 million) from the National Development Fund of Iran have been allocated to nomads to streamline red meat production, the head of Iranian Nomad…
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Bank Sepah Allocated $11b From NDFI Forex Resources
EghtesadOnline: Bank Sepah allocated $11.17 billion from the National Development Fund of Iran's foreign exchange resources to bankroll major national projects in the last Iranian year (ended…
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Agriculture Entitled to 10% of NDFI Earnings
EghtesadOnline: As much as 10% of the National Development Fund of Iran’s annual earnings have been allocated to the agricultural sector, a deputy agriculture minister said.
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NDFI Performance “Satisfactory”
EghtesadOnline: Natural Resource Governance Institute has granted the National Development Fund of Iran among the sovereign wealth funds in the world with a “satisfactory” ranking, declaring…
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NDFI to Funnel $1.5b Into Rural Development
EghtesadOnline: The parliament has approved a bill allowing the government to take out $1.5 billion from the National Development Fund of Iran for creating jobs in rural and nomadic areas in…
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NDFI Reserves Hit $91b
EghtesadOnline: The National Development Fund of Iran has $91 billion in reserves, Mohammad Hosseini, who also represents the parliament on the NDFI governing board, said.
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Ebtekar: Iran, Iraq to jointly control dust storms
EghtesadOnline: Vice President and Head of Iran's Department of the Environment, Massoumeh Ebtekar said on Wednesday that The National Development Fund of Iran (NDFI) has allocated $100 million…
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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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Majlis Budget Decisions on Finance, NDFI Withdrawals
EghtesadOnline: The parliament convened early Sunday and passed measures on foreign finance, withdrawals from the National Development Fund of Iran, transfer of funds from the banking network…
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IMIDRO Seeks $3b Loan From NDFI
EghtesadOnline: The mining sector needs to borrow $3 billion from the National Development Fund of Iran for its development and growth, says the head of Iranian Mines and Mining Industries Development…
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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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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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NDFI Assets at $68b
EghtesadOnline: Iran’s sovereign wealth fund is becoming wealthier due to the oil producer’s increased sales, though low oil prices are slowing its growth.
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Salary scandal forces Iran’s development fund leaders to resign
After a wave of revelation of inflated salaries among Iranian banking officials, five top officials of the National Development Fund of Iran (NDFI) resigned.