Gov’t
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Gov’t Sells $46m Bonds
EghtesadOnline: The government’s bond offer was barely not welcomed this week by banks, credit institutions and institutional investors though underwriting financial institutions bought 20 trillion…
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Iran Gov’t Announces Corona Rescue Package
EghtesadOnline: The government has approved a large package to help low-income households and struggling businesses impacted by the rapidly spreading coronavirus.
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Iran Gov’t Insists on Building Dams
EghtesadOnline: In the past dams were built with the aim of ensuring irrigation, power generation and supplying potable water. But now the attitude towards mega-dams has changed significantly,…
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Iran Fara Bourse Sells Gov’t Stake in Shiraz Oil Refinery
EghtesadOnline: The Iranian Privatization Organization sold a block of shares of Shiraz Oil Refining Company on Iran Fara Bourse, the over-the-counter stock market. The IPO move was made on behalf…
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Gov’t Starts Selling Energy-Efficient ACs
EghtesadOnline: To stabilize power supply and avoid outages in the southern regions in summer, the Energy Ministry has started replacing one million old air conditioning systems with energy efficient…
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Capex Waning in Gov’t Budgets
EghtesadOnline: Government expenditure on civil development projects has been on the decline during March 2010-19.
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Gov’t Officials Renew Allegiance to Imam Khomeini
EghtesadOnline: President Hassan Rouhani and his Cabinet members visited the mausoleum of Imam Khomeini in southern Tehran on Sunday to renew allegiance to the ideals of the late founder of the…
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Iran Gov’t Outlines Projects to Expand Digital Economy
EghtesadOnline: A five-year plan for developing Iran’s digital economy and its details were discussed in a meeting of the High Council of Cyberspace held in Tehran on Saturday.
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Iran Gov’t to Sell $360m Sukuk Bonds
EghtesadOnline: The Ministry of Economy plans to sell Manfa’at Sukuk bonds worth 47 trillion rials ($361 million) on January 25 as part of financial measures to compensate budgetary needs in…
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Gov’t Offers Residue Stake in 1 Refinery, 2 Insurance Firms
EghtesadOnline: The government plans to offer its shares in Tabriz Oil Refining Company and two insurance firms, namely Alborz Insurance Company and Amin Reinsurance Company in the near future.…
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Six Innovation Factories in the Iranian Gov’t Pipeline
EghtesadOnline: The Iranian government is making more efforts to develop the technology ecosystem by overhauling unused infrastructures and repurposing them into workspaces.
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Gov’t Sticks to Old Ways to Sell Shares in 2 Refineries
EghtesadOnline: Despite earlier reports that the government would make tweaks in procedures involved in divesting residue of its stake in state companies, a notice by the Iranian Privatization…
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Iran Gov’t Forecast to Sell Property Worth $3b Farfetched
EghtesadOnline: The government says it expects to earn 400 trillion rials ($3 billion) in the next fiscal year that begins on March 20 -- a prediction many experts say is unrealistic at best.
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Iran Gov’t Sells $400m in Bonds
EghtesadOnline: The government sold 53 trillion rials ($400 million) worth of Manfa’at Sukuk bonds on Wednesday via Iran Fara Bourse, over-the-counter market for trading securities, to meet budgetary…
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Gov’t Can Borrow €3.4b From NDFI
EghtesadOnline: The government can withdraw €3.4 billion from the National Development Fund of Iran in the next fiscal year (starts March 2020), to finance development projects.
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Iran: Gov’t Officials, Urban Managers Taken to Task Over Air Pollution
EghtesadOnline: A Tehran councilor has blamed government officials and urban managers for the lack of traction in combating the persistently toxic air pollution that has blighted the city’s residents…
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Iran Gov’t to Sell Stakes in Six Refineries
EghtesadOnline: The government’s remaining stakes in six refineries is to be offered via a monolithic exchange-traded fund, according to a decision by an ad hoc committee in charge of divesting…
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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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Gov’t Determined to Overcome Sanctions
EghtesadOnline: President Hassan Rouhani said his administration is determined to tackle issues arising from the United States' sanctions by both mobilizing domestic capacities and diplomacy…
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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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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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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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Crypto Miners Unimpressed by Gov’t Incentives
EghtesadOnline: The Energy Ministry's recently-announced discounts on power rates for authorized cryptocurrency miners seems to be not enough for making the business financially feasible.
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Iran Gov’t Expects to Make $5.5 Billion From Gasoline Export
EghtesadOnline: The latest rationing and doubling of gasoline prices that started out of the blue last Friday (Nov. 15) will annually generate up to $5.5 billion in export revenue for the government,…
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Iran Gov’t Paying New Subsidies After Gasoline Price Hike
EghtesadOnline: Since the government got the ball rolling on gasoline price reform on Nov. 15, by rationing and raising the price of fuel by at least 50%, officials such as Oil Minister Bijan…
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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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Tax on Bank Deposit Account Earnings Not on Gov’t Agenda
EghtesadOnline: Economy Minister Farhad Dejpasand said taxing bank account earnings is not on the agenda and denied rumors that the government may do so as part of its efforts to increase non-oil…
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Gov’t Enhances Transparency of Financial Systems
EghtesadOnline: Following efforts to improve the financial transparency and discipline administrative bodies, the Central Bank of Iran has connected its Centralized Database for Loans and Commitments,…
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Gov’t Will Sell Stakes in Oil Firms to Settle Debts
EghtesadOnline: The government is planning to repay its debts to private companies by selling its stakes in state-controlled petrochemical and refinery companies, according to a member of Tehran…