NDFI
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NDFI Earmarks €1 Billion to Makran Coast
EghtesadOnline: The National Development Fund of Iran (NDFI) allocated €1 billion for the development of the Makran Coast south of the country.
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NDFI Shifts Focus on Partnership Projects
Eghtesadonline:The National Development Fund of Iran (NDFI) has a new strategy that shows its investment in projects over and above $100 million will be in the form of partnership, a fund official…
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NDFI Releases Loan Data
EghtesadOnline: The National Development Fund of Iran (NDFI) released a report on its performance since inception in 2011 up until the last calendar year that ended in March.
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Debt Collection Is Improving: NDFI
EghtesadOnline: Head of the National Development Fund of Iran (NDFI) said repayment of loans given by the sovereign wealth fund has gained pace in recent months.
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Majlis Raises NDFI Share in Energy Export Income
EghtesadOnline: The Majlis on Sunday approved provisions of the next fiscal budget bill that require the government to set aside a bigger share of energy export revenue for the National Development…
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Economist Criticizes NDFI Fund Diversion
EghtesadOnline: Governments’ appropriation of the foreign exchange resources of the National Development Fund of Iran, the country’s sovereign wealth fund, has been rising constantly over the…
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Companies Borrowed $3.2b in 7 Months: NDFI
EghtesadOnline: The National Development Fund of Iran gave 880 trillion rials ($3.2 billion) in loans in the first seven months of current fiscal year (March 20-Oct.21), the managing director…
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Borrowers Struggling to Repay NDFI Loans
EghtesadOnline: The main challenge the National Development Fund of Iran is facing is the difficulty of borrowers in reimbursing loans, the fund’s deputy for banking and credit affairs said.…
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NDFI to Inject $150m in Bourse
EghtesadOnline: The National Development Fund of Iran will deposit $150 million with the Capital Market Stabilization Fund to help boost the ailing stock market.
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Gov’t Tapping Into NDFI Resources
EghtesadOnline: A total of 56.5 trillion rials ($245.11 million) have been paid as part of coronavirus package from the National Development Fund of Iran, ISNA quoted Hamid Pour-Asghari, an official…
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Rising Liquidity Stress Tied to Borrowing From NDFI, Sanctions
EghtesadOnline: In a press release outlining reasons behind the monumental growth in liquidity in recent months, the Central Bank of Iran blamed borrowing from the National Development Fund of…
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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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€300m Will Be Allocated to Chabahar-Zahedan Railroad From NDFI
EghtesadOnline: The Cabinet has decided to allocate €300 million needed to complete the railroad project connecting the southeastern port city of Chabahar to the eastern city of Zahedan near…
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MRC Castigates Evasion of NDFI Lending Rules
EghtesadOnline: In a report on the misuse of the National Development Fund of Iran, the Majlis Research Center says a large part of the sovereign wealth fund has been used in sectors outside…
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$230m From NDFI for Development Projects
EghtesadOnline: The National Development Fund of Iran, the country’s sovereign wealth fund, has signed a contract with the Export Development Bank of Iran to augment development projects worth…
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NDFI to Pay $10 Billion in Forex Loans
EghtesadOnline: The National Development Fund of Iran, the sovereign wealth fund, plans to lend $10 billion in foreign currency for private sector projects in the current fiscal (March 2019-20).
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NDFI Releases 2018 Lending Data
EghtesadOnline: According to a report published by National Development Fund of Iran on its website, the sovereign wealth fund, the fund gave foreign currency loans through 20 agent banks in…
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NDFI Withdrawal Could Be a Savior
EghtesadOnline: Governor of the Central Bank of Iran says the government decision to withdraw money from the National Development Fund of Iran, the country's sovereign wealth fund, could be an…
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NDFI Focus on Manufacturing, Infrastructure
EghtesadOnline: CEO of the National Development Fund of Iran, the country’s sovereign wealth fund, has outlined the roadmap for the fiscal year that started on March 21.
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€2.3b NDFI Resources for National Projects
EghtesadOnline: Lawmakers allowed the government on Sunday to withdraw €2.37 billion from the National Development Fund of Iran to be paid in foreign currency for completing national projects…
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NDFI Lends $18b in H1
EghtesadOnline: A report by the National Development Fund of Iran shows that the sovereign wealth fund allocated $14.7 billion in foreign exchange in loans through 20 agent banks during the first…
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NDFI Lending Exceeds $8b
EghtesadOnline: According to the National Development Fund of Iran data, the sovereign wealth fund gave 27 trillion rials ($267 million) to agent banks for loans in the first quarter of current…
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NDFI Allocates $2.2b to Bidboland Refinery
EghtesadOnline: The National Development Fund of Iran contributed $2.2 billion to help fund the Bid Boland Gas Refinery project in the city of Behbahan, Khuzestan Province, which the fund’s director…
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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 to Offer Loans Worth $2.8b to Create Rural Jobs
EghtesadOnline: The government will allocate 120 trillion rials ($2.85 billion) in loans from the National Development Fund of Iran to enhance job creation in rural areas, Abolfazl Razavi, vice…
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$1 Billion NDFI Loan to Boost Homeownership
EghtesadOnline: The idea of tapping into the reserves of the National Development Fund of Iran to empower the country’s main initiative aimed at supporting first-time homebuyers and other housing…
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NDFI Urged to Attract Foreign Investments
EghtesadOnline: President Hassan Rouhani has ordered the National Development Fund of Iran to prepare a plan to attract foreign investments, according to a board member of the fund who also referred…
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NDFI Cap for Gov’t at $3.2b
EghtesadOnline: As part of their latest open session on Sunday to discuss the fiscal 2018-19 budget bill, members of parliament designated the areas where resources from the National Development…
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NDFI to Get 32% of Oil, Gas Money
EghtesadOnline: Members of parliament on Saturday approved a measure determining the share of the National Development Fund of Iran from all oil and gas export revenues in their latest open session…