Parliament
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Parliament Confirms Education, Cultural Heritage Ministers
EghtesadOnline: Lawmakers on Tuesday approved President Hassan Rouhani's nominees to take the helms of Education Ministry and the newly-established Ministry of Cultural Heritage, Handicrafts…
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2 Ministerial Nominees to Seek Vote of Confidence Next Week
EghtesadOnline: The new ministers nominated by President Hassan Rouhani to take the helm of the ministries of education and cultural heritage will defend their track record in a parliamentary…
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Think Tank Explores Poverty Trap in Iran
EghtesadOnline: In its latest report, Majlis Research Center, the influential research arm of the Iranian Parliament, has singled out a set of potential deterrents to poverty reduction in Iran’s…
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Iran Parliament Moves to Rein in Venal Banking Sector
EghtesadOnline: The Majlis Economic Commission is preparing a bill In line with efforts to promote long-awaited transparency in the key banking sector.
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Majlis Terminates Compound Interest
EghtesadOnline: Parliament voted for a bill on Tuesday based on which compound interest on bank loans that matured by the end of last fiscal year (March 20, 2019) would be eliminated and debtors…
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Iran's Investment Climate Less Secure Last Autumn
EghtesadOnline: Results of a study by the Majlis Research Center, the research arm of the parliament, indicate a decline in the security climate for investment and business last autumn (Sept-Dec…
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Iran Parliament's Think Tank Has Misgivings About Scrapping USD
EghtesadOnline: The Majlis Research Center says a parliamentary bill wanting to scrap the US currency from Iran’s overseas transactions would further add to the already detrimental effects of…
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Majlis Plans Probe Into Forex Subsidies
EghtesadOnline: The parliament plans to investigate the foreign exchange policy of the Central Bank of Iran during the last fiscal year that ended in March, says head of the Majlis Economic Commission…
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Iranian Parliament Studies Intellectual Property Bill
EghtesadOnline: The Iranian Parliament is set to review an intellectual property bill in the coming days.
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Iran Parliament Passes New Law for Regulating Automotive Sector
EghtesadOnline: The Iranian Parliament on Sunday passed a law on regulating the country’s automotive sector months after a turmoil spiked car prices to unprecedented heights.
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Citizenship Through Iranian Mother Approved
EghtesadOnline: The Iranian Parliament on Monday overwhelmingly passed a bill that grants citizenship rights to children born to an Iranian mother and a foreign father.
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Iran Parliament Against Higher Water, Electricity Tariffs
EghtesadOnline: The parliament has rejected a proposal by the Energy Ministry to raise water and electricity tariffs, saying it is “against the law” as it will pile economic pressure on the people…
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Larijani Urges Closer Int’l Parliamentary Coop.
EghtesadOnline: Parliament Speaker Ali Larijani has called for closer cooperation between parliaments to cope with the challenges of an increasingly interlinked world.
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Central Bank of Iran Allowed to Start OMO
EghtesadOnline: The parliament approved the section of next year’s (March 2019-20) budget bill that allows the Central Bank of Iran to launch secondary markets for trading Islamic bonds issued…
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Iran Parliament Votes to Augment Transparency
EghtesadOnline: To help inculcate transparency in statecraft, the parliament ratified one amendment to the next year’s (March 2019-20) budget bill on Monday obliging government-affiliated firms…
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Iran Parliament Shortens List of Cash Subsidy Recipients
EghtesadOnline: Lawmakers obliged the government on Saturday to identify and remove three high-income deciles from the list of those receiving the monthly cash subsidy payment.
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Iran Parliament Approves $400m Capital Boost for Home Lender
EghtesadOnline: Lawmakers ratified another section of next year's (March 2019-20) budget bill that allows Bank Maskan - the main housing bank - to reimburse 50 trillion rials ($400 million) of…
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Iran Parliament Allows Gov’t to Borrow $30b Overseas
EghtesadOnline: While debating the March 2019-20 budget bill on Monday, lawmakers allowed the government to borrow $30 billion in foreign finance in the next fiscal (March 2019-20).
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Iran Parliament Approves 2m Barrels Oil Offer via IRENEX
EghtesadOnline: Lawmakers on Sunday approved an amendment to next year's (March 2019-20) budget bill obliging the Oil Ministry to offer on a monthly basis 2 million barrels of light crude on…
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Iran Parliament OKs Budget Bill Outlines
EghtesadOnline: Iranian lawmakers approved the outlines of the next fiscal year's (March 2019-20) budget bill in an open session of the parliament on Saturday.
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Iran Parliamentary Think Tank Warns About Sovereign Wealth Fund Future
EghtesadOnline: Share of the National Development Fund of Iran from the export of oil and natural gas derivatives are estimated in next year’s budget bill (March 2019-20) at $6.7 billion.
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Iran Parliament Think Tank Forecasts Grim Outlook on Economic Growth
EghtesadOnline: The performance of Iran’s real economy was weaker than expected in the first half of the current fiscal year (March 21-Sept. 22, 2018), a report by the research arm of Iranian…
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Iran Parliament Sends CFT Bill to Expediency Council
EghtesadOnline: With lawmakers insisting on their own version of anti-terror finance (known as CFT) bill, the legislation on Sunday was sent to the arbitration Expediency Council for a final…
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Iran Parliament Commission Okays Outlines of Budget Bill
EghtesadOnline: The parliamentary body responsible for reviewing the budget bill, Majlis Joint Commission, approved the outlines of the government-proposed budget for the next Iranian year (March…
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Iran Parliament’s Think Tank: Forex Subsidy Policy Impractical
EghtesadOnline: The Majlis Research Center, the parliament’s research arm, has taken a dim view of the preferential forex rate policy of the government in the past months and warned about the…
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Fitch: Bank Reform Bills Carry Clout
EghtesadOnline: Fitch Ratings, the international ratings agency, has said in a report that Iran's banking supervisory authority will benefit from two bills sent by President Hassan Rouhani to…
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Iran Parliament's Think Tank Forecasts Lower Crude Prices
EghtesadOnline: Forecasting the future of the oil market is crucial, especially for countries where oil export is the lifeblood of the economy and budgets are constructed, deconstructed and reconstruc…
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Rouhani to Submit Budget Bill to Parliament Today
EghtesadOnline: President Hassan Rouhani is scheduled to submit the budget bill for the next fiscal (March 2019-20) to the Iranian Parliament on Tuesday.
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Iran's Guardian Council Sends CFT Bill Back to Majlis
EghtesadOnline: The Guardian Council – a watchdog that ensures laws are in line with the Constitution and Sharia–has sent back an anti-terror finance bill known as CFT to the Majlis for reconsideratio…
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Iran Parliament Sets Rules for Establishing Financial, Credit Institutions
EghtesadOnline: Those wanting to establish business in the monetary market, namely establishing credit institutions, setting up branches and offices, attracting public deposits in any form, offering…