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 Organization says otherwise.
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.
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 needs.
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.
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 over the past two weeks.
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 government property.
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 stock market.
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 with the world, but will stick to the principles of the Islamic Republic along the way.
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.
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.