government
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Iran: Bigger Role for Stock Market in Gov’t Funding
EghtesadOnline: The government has concocted a bigger role for the stock market on the revenue side of the next fiscal budget (March 20-21), according to the CEO of Iran Fara Bourse, the junior…
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Iran: Presales Sidestepping Vehicle Standard Regulations, Deadline
EghtesadOnline: Despite the Iranian government’s promise to halt the production of substandard cars in a few months, recent moves indicate local carmakers are moving in the opposite direction.
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Banana, Mango, Pineapple Imports Conditioned on Apple Exports
EghtesadOnline: As per the new regulation ratified by the government, bananas, mangos and pineapples could be imported into Iran, provided apples are exported in return.
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Iran Gov’t Plans to Generate 1 Million Jobs Next Year
EghtesadOnline: One of the main objectives of the government in the next Iranian year (starting March 20, 2020) is to boost domestic production and employment.
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ETFs to Help Gov’t Sell Shares
EghtesadOnline: In the budget bill for the next fiscal year (March 2020-21) the government can divest its stake in state-run companies via exchange-traded funds.
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Iran: Gasoline Sales Drop, CNG Rises
EghtesadOnline: Gasoline consumption fell by 22 million liters a day in the three weeks from November 15 after the government rationed gasoline and raised prices by selling it at two rates.
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Gov’t Generates $300m in Bond Sales
EghtesadOnline: The government sold Manfa’at Sukuk bonds worth 40 trillion rials ($300 million) on Sunday to meet its budgeting needs for the fiscal year that ends in March.
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Rise in Iranian Departure Tax Next Year
EghtesadOnline: The Iranian government has set next year’s departure tax at 2.64 million rials ($20) for travelers who take their first overseas trip of the year, as per the budget bill of the…
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Iran: $500 Million in Government's Grant to Retrofit Cabs, Vans
EghtesadOnline: The government’s Economic Council has approved a proposal by the Oil Ministry based on which the state-owned National Iranian Oil Products Distribution Company has been tasked…
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MRC Criticizes Piecemeal Measures to Tackle Inflation
EghtesadOnline: In an analytical report appraising measures taken to curb inflation, the Majlis Research Center says the government has resorted largely to temporary and micro measures to curb…
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Iran: Tax Revenues Rise 4% to $7b
EghtesadOnline: Director of Iranian National Tax Administration Omid Ali Parsa says the government’s tax revenues reached 890 trillion rials ($7.09 billion) during the first eight months of the…
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Gov’t Offers $78m for Tehran Public Transport Expansion
EghtesadOnline: The Iranian government has provided Tehran Municipality with 10 trillion rials ($78.7 million) to boost urban transportation development in the megacity of Tehran.
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Iran Gov't Toughens Eligibility for Livelihood Assistance Program
EghtesadOnline: The government will weigh up offering earnings from higher gasoline prices to people only after monitoring their bank accounts, Ahmad Meydari, deputy minister of cooperatives,…
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Gasoline Use in Iran Declines After 12 Years
EghtesadOnline: Following the abrupt government decision to raise gasoline prices and sell it at two rates from November 15, consumption fell by at least 20% over a 10-day period, the National…
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New Housing Plan: More of the Same
EghtesadOnline: The government recently announced a plan to construct homes for the newlyweds and people with reasonable income or pensioners who do not own a home and cannot afford to buy one…
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Fuel Price Hike Drives People Toward Public Transportation
EghtesadOnline: Since the government rationed and raised the price of gasoline on Nov. 15, the public transportation fleet in Tehran has served 20% more passengers, Tehran City Council Chairman…
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Iran Gov’t to Unveil New Divestiture Scheme
EghtesadOnline: The government will unveil a plan this week for the divestiture of state-owned companies in the stock market, the economy minister said.
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Iran's H1 Mining Royalty Payments Hit $70m
EghtesadOnline: Iranian miners paid a total of 8.65 trillion rials ($70.95 million) in mining royalties to the government during the first half of the current Iranian year (March 21-Sept. 22).
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Majlis, punitive organization, Judiciary to probe issues concerning petrol price rise: Speaker
EghtesadOnline: It is important the Government advance the difference into people's accounts to prove that it is going to stand by its words, said Larijani in the closed session of Majlis about…
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Government to Issue $442m Sukuk Securities
EghtesadOnline: The government will issue 49.9 trillion rials ($442 million) in Manfa’at Sukuk securities for its budgeting needs for this fiscal year (March 2019-20).
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No Point in US Talks as It Won’t Make Concessions
EghtesadOnline: Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Sunday that talks with the US government will not bear any results, because the Americans are not ready to offer…
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$3.4m to Help Ease Air Pollution in Isfahan
EghtesadOnline: The government has allocated 400 billion rials ($3.4 million) to curb the growing air pollution and smog in the metropolis of Isfahan in central Iran, the head of Isfahan Disaster…
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Government Will Announce $877m Bond Sale
EghtesadOnline: The Ministry of Economy has plans to issue Manfa’at Sukuk worth 100 trillion rials ($877 million) to help augment government spending, according to the head of Capital Market…
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Iran: Privatization Reforms on Agenda
EghtesadOnline: The Iranian government will institute fundamental changes in the existing procedures regarding privatization.
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Gov’t Tweaking Divestiture Rules
EghtesadOnline: The government plans to resume offering its remaining shares in state-owned companies after making some changes governing divestiture of state properties to private firms, the…
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Mining Royalty Payments Hit $63m
EghtesadOnline: Iranian miners paid 7.19 trillion rials ($63.4 million) in mining royalties to the government during the first five months of the current Iranian year (March 21-Aug. 22).
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Legal Crypto Mining in Iran: Getting Started
EghtesadOnline: The government's move in July to regulate cryptocurrency mining as a legal industrial activity has been broadly welcomed by miners, though they say minor adjustments in regulations…
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Mining Royalties Exceed $400m in 4 Months
EghtesadOnline: Iranian miners paid 51.47 trillion rials ($447.56 million) in mining royalties to the government during the first four months of the current Iranian year (March 21-July 21).
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Iran Gov’t Invests $225m in Innovation Fund
EghtesadOnline: The Iranian government has agreed to invest 26 trillion rials ($225 million) in Iran National Innovation Fund to support knowledge-based companies and startups.
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15% Rise in Iran's Tea Production
EghtesadOnline: More than 98,479 tons of fresh tea leaves have so far been purchased by the government from local farmers for 2.78 trillion rials ($23.96 million), which shows a 15% rise compared…