National Development Fund of Iran
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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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$2b in Credit Lines for Importers of Iranian Goods
EghtesadOnline: The National Development Fund of Iran is allocating $2 billion in lines of credit for consumers in Iran’s primary export destinations this fiscal year (to end March 20, 2018),…
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NDFI to Offer Loans Worth $2b to Exporters
EghtesadOnline: The National Development Fund of Iran is to allocate a total of $2 billion to help Iranian exporters, the fund’s director said.
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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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$850m of Cheap Export Loans Approved
EghtesadOnline: The Export Development Bank of Iran and the National Development Fund of Iran have agreed to add another 10 trillion rials ($256.4 million) to the previous 23 trillion rials ($589.7…
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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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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…
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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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EDBI Loans to Promote Exports
EghtesadOnline: The Export Development Bank of Iran—the EXIM Bank of Iran—is set to dole out loans worth 3 trillion rials ($78.7 million) through the National Development Fund of Iran, the country’s…
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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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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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€250m for Boosting Iran Engineering Exports
EghtesadOnline: The Trade Promotion Organization of Iran has allocated €250 million from the resources of the National Development Fund of Iran, which will be deposited in foreign banks for guaranteei…
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$500m Allocated to Promote Iran Non-Oil Exports
EghtesadOnline: As a part of a non-oil export promotion package, the National Development Fund of Iran has allocated $500 million to the Export Development Bank of Iran for distribution among…
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$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…
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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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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…
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Bank Melli Tapping $1b of NDFI Resources
EghtesadOnline: Bank Melli Iran, the nation’s biggest bank, has been allowed to draw up to $1 billion from the foreign exchange resources of the National Development Fund of Iran to support production…
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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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Iran's Sovereign Fund Eying International Markets
EghtesadOnline; The National Development Fund of Iran, the country's sovereign fund, announced that it plans to make investments in international money and financial markets "so that its assets…