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 says is nearly complete.
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 22).
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 the lenders to allocate as low-interest loans to various sectors with a special focus on agriculture.
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 president for rural development and deprived areas, has announced.
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 applicants has reportedly gathered steam and may be finalized in as early as two weeks.
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 Fund of Iran are allowed to be spent by the government.
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 to measures taken for boosting foreign relations through other channels.
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 on Saturday to decide on the articles of the fiscal 2018-19 budget law.
EghtesadOnline: Iran's sovereign-wealth fund has approved more than $36 billion in foreign exchange loans since its inception about six years ago until the third quarter of the current fiscal year to Dec. 21.
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 of its previous president was accepted on Saturday.