government
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Bonds Worth $132m Sold in Weekly Auction
EghtesadOnline: The government sold 30.4 trillion rials ($132 million) in Islamic bonds in the interbank and stock market during the weekly auction on Tuesday. As per an earlier announcement,…
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Trade in Justice Shares Revised Upwards
EghtesadOnline: The government has announced that holders of the so-called “Justice Shares” can henceforth trade 60% of their shares. Initially, in May it had allowed tradability of only 30%.
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Gov’t Jobs for 40,000
EghtesadOnline: By Aug. 21, the Administrative and Recruitment Affairs Organization will publish advertisements to screen 40,000 new employees for government entities, Jamshid Ansari, the head…
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Trade in Justice Shares Revised Upwards
EghtesadOnline: The government has announced that holders of the so-called “Justice Shares” can henceforth trade 60% of their shares. Initially, in May it had allowed tradability of only 30%.
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Investors Pour $695m in Exchange-Traded Funds
EghtesadOnline: The government earned 160 trillion rials ($695 million) by selling its shares in state companies via the stock market -- a figure far beyond initial projection in the fiscal…
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$8.5m Allocated to Qazvin-Zanjan Rail Project
EghtesadOnline: The government has allocated 2 trillion rials ($8.5 million) for the completion of Qazvin-Zanjan double-tracking rail project, the head of Plan and Budget Organization said.
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Iran: Bonds Worth $191m Sold
EghtesadOnline: The government sold 44 trillion rials ($191 million) in bonds at the weekly auction on Tuesday. So far it has generated 464 trillion rials ($2 billion) in nine auctions that have…
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Government Rolls Out Security Deposit Loans for Home Renters
EghtesadOnline: The government has unveiled its coronavirus aid package for home renters.
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Gov’t Raises $287m in 8th Bond Auction
EghtesadOnline: Islamic bonds worth 61.7 trillion rials ($287 million) were sold during the weekly bond auction on Tuesday. The auctions are in line with the government’s efforts to access funds…
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Bond Auctions Resilient
EghtesadOnline: The Central Bank of Iran said the initiative to hold bond auctions has been positive so far in that it is helping the government fund its deficit spending without the need to…
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Iran Gov’t Bond Yield Edges Up
EghtesadOnline; The government sold Murabaha bonds worth 79 trillion rials ($343 million) in the weekly bond auction Tuesday, marking the highest bond sale since the auctions commenced in May.…
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Gov’t Raises $2 32m in Bond Sale
EghtesadOnline: The government raised 49.9 trillion rials ($232 million) by selling Islamic bonds in the debt market on Tuesday.
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Concerns Over Battle Against Air Pollution Losing Traction
EghtesadOnline: The new Iranian Parliament seemingly has no interest in working on government bills for controlling air pollution, an environmental expert says.
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Expert Criticize Gov’t Intervention in Tenancy Market
EghtesadOnline: A housing expert believes the government’s intervention in the lease market would cause confusion, as it can increase the share of unregistered, unofficial deals and price rises…
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Majority of Jobholders Lack Health, Retirement Benefits
EghtesadOnline: Sixty percent of jobs in Iran lack health and retirement benefits, which are also not entitled to government support offered to businesses during the coronavirus crisis.
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Value of Bank-Based ETF Doubles
EghtesadOnline: Trade in exchange-traded fund that holds government shares in three banks and two insurance companies commenced on Saturday.
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Iran Covid-19 Tally: 210,000 Infections, 10,000 Deaths
EghtesadOnline: Coronavirus cases in Iran and its related fatalities neared 210,000 and 10,000 respectively on Tuesday, as government officials urged residents to avoid complacency.
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Gov’t Ends Subsidies for Import of Animal Feed Premixes
EghtesadOnline: The government has discontinued the payment of subsidies for the import of animal feed premixes—vitamins, minerals, trace elements and other nutritional additives—used to prepare…
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New Measures to Ease Financial Procedures for Export Firms
EghtesadOnline: The Government-Private Sector Dialogue Council on Tuesday approved seven proposals out of nine to ease rules and procedures for repatriation of exporters’ overseas earnings and…
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Tehran Stocks Extend 4-Session Winning Streak
EghtesadOnline: Tehran stocks experienced one of its best days on Sunday climbing more than 4.4% as sentiments were boosted by new government pledges to support the market.
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Justice Shares, Divestures Saved the Day
EghtesadOnline: The government’s decision to offer its stakes in several companies in the stock market and allow the so-called ‘Justice Shares’ to be tradable saved the bourse from a potential…
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Tehran Stocks Extend 4-Session Winning Streak
EghtesadOnline: Tehran stocks experienced one of its best days on Sunday climbing more than 4.4% as sentiments were boosted by new government pledges to support the market.
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Iran Gov’t Unveils Draft of Fiscal 2020-21 Budget Overhaul
EghtesadOnline: The government unveiled the draft plan for the overhaul of the current fiscal year’s budget law (March 2020-21) on Saturday, which “entails a major surgery of the economic and…
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Iran Gov’t Earns $300m in First Bond Auction
EghtesadOnline: In the first Central Bank of Iran auction of Islamic bonds on Tuesday, the government generated 51 trillion rials ($300 million).
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Divestments to Help Development Projects
EghtesadOnline: Earnings from the first phase of the government’s disinvestment plan will be used for development projects stated in the fiscal 2020-21 budget, a deputy minister of economy said.…
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Divestiture Policy on Thin Ice
EghtesadOnline: The government’s plan to divest its shares in state-run companies via exchange-traded funds can neither be called privatization nor a realistic move toward a market economy, says…
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Central Bank of Iran to Hold Bond Auctions
EghtesadOnline: The Central Bank of Iran said it plans to open a primary interbank market for auctioning bonds to help the government raise funds for budgetary needs.
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30% Rise in Essential Goods Rail Transport
EghtesadOnline: A total of 220,000 tons of essential goods have been transported via railroads since the beginning of the current Iranian year on March 20, registering a 30% rise compared with…
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A new licensed bitcoin mining farm is getting set up in Iran
EghtesadOnline: The government of Iran is said to have issued a license to Turkey-based iMiner to mine bitcoin in Iran.
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Corona Closes 2,200 Eco-Lodges
EghtesadOnline: T he coronavirus has closed the doors of 2,200 eco-lodges across the country, making at least 22,000 people redundant without any source of income for the past two months. They…