government
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Hassan Rouhani: Divestment Policy Here to Stay
EghtesadOnline: The government will maintain the policy of selling its shares in state-owned companies via the bourse.
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Post Company Ships 5 Tons of Packages Overseas Daily
EghtesadOnline: The government-owned Iran Post Company dispatches at least 5 tons of letters and packages overseas on a daily basis, says Deputy Minister of Information and Communications Technologies…
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Aversion to Gov’t Bonds Persists
EghtesadOnline: Bond auctions held Tuesdays by the Central Bank of Iran concluded with none of the legal or individual investors showing interest in the government bonds.
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Economy Ministry: Plans to Divest Hit a Snag
EghtesadOnline: Government organizations refuse to abide by budgetary laws that call for relinquishing more than 60 trillion rials ($210 million) in assets, an official with the Economy Ministry…
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BIM Unveils Open Banking Platform
EghtesadOnline: Bank of Industry and Mine, a specialized bank owned by the government, unveiled an open banking platform in line with belated plans to access new financial technologies.
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Tax Revenues More Than Double to $1.7 Billion in 1st Fiscal Quarter
EghtesadOnline: The government earned 510 trillion rials ($1.73 billion) in tax revenues during the first quarter of the current fiscal year (March 20-June 20), which indicates a 111% increase…
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Interest Lacking in Refinery ETF
EghtesadOnline: The government’s move to sell shares in four major refineries via an exchange-traded fund was received coldly by investors as barely 20% of the assets were bought in the subscription…
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Iran Gov’t to Continue Supply of Subsidized Essential Goods
EghtesadOnline: The government plans to continue subsidizing essential goods in the next fiscal year (March 2021-22).
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Bond Sales Stutter
EghtesadOnline: Weekly bond auction data indicates a steep decline in investor interest in Islamic bonds issued by the government.
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Gov't Agro Feats Reviewed
EghtesadOnline: Agriculture Minister Kazem Khavazi has expounded on the government's track record since President Hassan Rouhani began his first tenure in August 2013.
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Strictures on Use of Commercial Cards
EghtesadOnline: Caretaker of the Industries Ministry says the government will soon put an end to the practice of companies’ renting commercial cards for export.
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1,000 Gov’t Estates on Divestiture List
EghtesadOnline: About 1,000 estates owned by the government are on the divestiture list by the time the current fiscal is out next March, an official with the Economy Ministry said.
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Third Covid-19 Wave Hits Tehran
EghtesadOnline: Head of Tehran’s coronavirus taskforce called for the government’s “serious intervention” to assist the key province in confronting a third wave of Covid-19 infections.
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Tax Income to Public Budget, Expenditure Ratio Improves
EghtesadOnline: Tax revenues to government public budget resources increased from 35.1% in the year ending March 2019 to 37.5% in the year ending March 2020, as tax revenues to current expenditure…
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Share Offers Here to Stay
EghtesadOnline: Government policy to sell stakes in state-run companies will continue to generate revenue for the next fiscal budget (March 2021-22), head of the Plan and Budget Organization…
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Exporters and Government Caught in the Crosshairs
EghtesadOnline: Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture again faulted stringent CBI rules that govern the repatriation of export earnings.
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Exporters and Government Caught in the Crosshairs
EghtesadOnline: Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture again faulted stringent CBI rules that govern the repatriation of export earnings.
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Iran Gov’t New Housing Scheme: 65,000 Applicants Seeking Loans
EghtesadOnline: Atotal of 65,000 applicants have opened accounts with designated banks of the government-sponsored “National Housing Initiative” so far and 38,000 of them have made the initial…
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Gov’t Sells Bonds Worth $225m
EghtesadOnline: The government sold 54 trillion rials ($225 million) in Islamic bonds during the weekly bond auction held by the Central Bank of Iran.
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Iranian Banks Shutter Branches to Cut Costs
EghtesadOnline: Banks owned by the government sold 280 trillion rials ($1.2 billion) in assets since January 2018, the Ministry of Economy said in a report.
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Economic Operators’ Satisfaction With State Entities Improves
EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture has published the results of an annual survey on the performance of organizations and agencies of three branches of…
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Commodities on Import Ban List Increase to 2,400
EghtesadOnline: The government has added 800 items to the list of banned imports since last fiscal year (started March 21, 2019), which bring the total number of banned imported commodities to…
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Banks Instructed to Allot 3% of Resources for Bond Buying
EghtesadOnline: The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government.…
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IPO Announces Launch of ETF for 4 Refineries
EghtesadOnline: The Iranian Privatization Organization published a notice Tuesday outlining details about subscription of government shares in four refineries via an exchange-traded fund.
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CBI Wants Banks to Buy Bonds
EghtesadOnline: Governor of the Central Bank of Iran says lenders should use a fraction of their financial reserves to buy bonds issued by the government.
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Reward and Punishment Policy for Unruly Exporters
EghtesadOnline: Export companies have refused to return $27 billion in overseas earnings in the past two years and the government is struggling to bring the money back by resorting to a mix of…
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Auto Parts Localization Could Save $2 Billion
EghtesadOnline: Iranian auto industries can reduce capital flight by $2 billion, if the government were to support their localization efforts, secretary of Iranian Auto Parts Manufacturers Association…
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Gov’t Tightens Export Rules
EghtesadOnline: The government announced limits on the amount of export by owners of new commercial cards. The decision was approved by the Cabinet earlier in the month and sent to relevant administra…
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Central Bank of Iran Sees Reason in Gov’t Oil Presale Proposal
EghtesadOnline: The governor of Central Bank of Iran has backed a government crude oil presale plan of action for domestic buyers, saying that it is one of the few government options to fund…
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Iran Gov’t Decides ETFs Are Ideal
EghtesadOnline: The economy and oil ministries said Tuesday that they would stick with the previously announced method to divest government shares in four refineries via an exchange-traded fund…