EghtesadOnline: The Ministry of Cooperatives, Labor and Social Welfare will be split into two separate ministries of “Social Welfare” and “Labor and Cooperatives” following the Cabinet’s approval on Sunday.
EghtesadOnline: As part of the latest ratifications made by the Cabinet of President Hassan Rouhani on Monday, the Ministry of Economic and Finance Affairs has been permitted to issue the guarantee needed to implement the foreign finance deal clinched with the Exim Bank of China.
EghtesadOnline: The Iranian Cabinet has notified the Law on Combating Financing of Terrorism for implementation 20 months after the measure received the parliamentary approval.
EghtesadOnline: Iran’s Parliament has given its vote of confidence to President Hassan Rouhani’s nominees for the two remaining cabinet posts.
EghtesadOnline: The presence of the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture, as the representative of the Iranian private sector, in Cabinet meetings and commissions will benefit both economic players and the government alike, a former head of the chamber proposed on his Telegram channel.
EghtesadOnline: President Hassan Rouhani’s Cabinet has allowed the Central Bank of Iran to engage in negotiations and sign the “agreement of the host country” required for the ECO Trade and Development Bank to open a representative office in Iran.
EghtesadOnline: As 16 of the ministerial nominees proposed by President Hassan Rouhani got the parliamentary vote of confidence on Sunday, the president and his Cabinet know exactly what one of their biggest challenges in the new government is: creating sufficient new jobs to catch up on the backlog created in the previous administrations.
EghtesadOnline: President Hassan Rouhani's new ministers have won the Iranian parliament's vote of confidence, except the pick for the energy portfolio who had already served in the post under a reformist administration.
EghtesadOnline: Following an approval by the Cabinet and a presidential endorsement, the twin bills devised by the government to reform the banking system after almost 45 years have now been sent to the parliament.
EghtesadOnline: Iran’s Parliament (Majlis) has begun holding open-floor debates on President Hassan Rouhani’s nominees for ministerial posts, who need the legislature’s vote of confidence to serve in the new cabinet.