Iran sovereign wealth fund
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Iran's Sovereign Wealth Fund Allocates $15b to 20 Banks in 4 Months
EghtesadOnline: Iran's sovereign wealth fund entrusted $15 billion in foreign currency resources to state-run and private banks in the first four months of the current fiscal year (March 21-July…
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NDFI Lends $320m to Six Banks for Loan Allocation
EghtesadOnline: Iran’s sovereign wealth fund deposited a total of 14 trillion rials ($320 million) with six agent banks in the first four months of the current fiscal year (ended July 21) for…
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NDFI Pledges Support for Exports to Oman
EghtesadOnline: The director of the National Development Fund of Iran pledged the sovereign wealth fund’s support for companies exporting goods and technical and engineering services to Oman…
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NDFI Gets New Chief
EghtesadOnline: The Board of Trustees at the National Development Fund of Iran–the country’s sovereign wealth fund–appointed Morteza Shahidzadeh to take the institution’s helm after the resignation…
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NDFI Lending Hits $36b
EghtesaadOnline: Iran's sovereign wealth fund has allocated $36 billion in foreign exchange loans to bankroll the country’s national projects in the past six years ending Sept. 22.
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Iran Sovereign Wealth Fund Favors Energy Sector, Five-Year Data Shows
EghtesadOnline: The National Development Fund of Iran, the national sovereign fund established in 2011, has published a comprehensive report on the first five years of its activity up to March…
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$40b Deposited in Wealth Fund Since 2013
EghtesadOnline: Criticizing legal restrictions on the government’s access to Iran’s sovereign wealth fund, the National Development Fund of Iran, President Hassan Rouhani said his government…
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MPO in Charge of Rural Employment Scheme
EghtesadOnline: The Iranian Parliament, apparently heeding the warnings of its research arm, on Sunday approved a measure requiring the Management and Planning Organization to establish a comprehensiv…
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Iran Sovereign Wealth Fund Reports Rise in L/Cs
EghtesadOnline: The National Development Fund of Iran–the main sovereign wealth fund– has announced that it has recorded a year-on-year increase of “50% plus” in opening letters of credit during…
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Rouhani Slams Restriction on State Access to NDFI
EghtesadOnline: President Hassan Rouhani criticized the parliament for tying the government’s hands on access to Iran’s sovereign wealth fund amid the financial crunch caused by lower oil revenues.
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NDFI Ready to Finance Trade With Latin America
EghtesadOnline: Iran's sovereign state fund is ready to bankroll projects involving the export of goods and techno-engineering services to Latin American countries, announced the fund's director.
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NDFI Revenues to Be Hiked
EghtesadOnline: The parliament voted to raise Iran’s sovereign wealth fund’s share of petroleum revenues to 30% for the sixth five-year development plan (2016-21), up from the previous 20%.