Municipalities
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Municipalities Sell $330 Million Bonds
EghtesadOnline: Municipalities in the big cities sold “participatory bonds” worth 100 trillion rials ($333 million) in the first four months of current fiscal year that started in March.
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Construction Permits in Slum Areas Given Free of Charge
EghtesadOnline: As per a memorandum of understanding recently signed between Iranian Municipalities Organization and Urban Regeneration Corporate Holding Company, affiliated to the Ministry of…
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Municipalities Raise $340m in Bond Sales
EghtesadOnline: Municipalities in big cities issued a total of 49 trillion rials ($355 million) in participatory bonds during the first nine months (March 20-Dec 21) of current fiscal year.
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Iran's 2020-21 Budget Bill Allows Municipalities to Issue Sukuk Bonds Worth $357m
EghtesadOnline: As projected in the draft budget bill for the fiscal 2020-21, the Iranian government has permitted municipalities to issue sukuk (Islamic bonds) to the tune of 50 trillion rials…
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Iran Marks World Car-Free Days
EghtesadOnline: On the occasion of the world car-free days, municipalities in Iran are holding nationwide events from Sept. 20-22 to underscore the necessity of protecting the environment and…
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Municipalities Raise $110m via Bond Sales in Iran
EghtesadOnline: A report by the Central Bank of Iran on the participatory bond market said municipalities in major urban areas sold more than 12.5 trillion rials ($110 million) worth of participatory…
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Participatory Bonds Worth $310m Sold Last Year
EghtesadOnline: The latest data on the participatory bonds market in the last fiscal year (ended March 20, 2019) indicate that government and municipalities sold about half of the bonds issued…
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Ride-Hailing Firms Face New Challenges in Iran
EghtesadOnline: The widespread clash between ride-hailing services like Uber and Lyft on one side and authorities and old-school cabbies around the globe has made its way to Iran, with municipalities…
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Iranian Municipalities Sold $150m Worth of Bonds in Q1
EghtesadOnline: Iranian municipalities sold 11.99 trillion rials ($150 million) worth of Islamic debt securities during the first quarter of the current fiscal year (March 21-June 21), indicating…