Financial Tribune - The Majlis Research Center says a new government plan to divest its assets in assorted companies via exchange-traded funds is not privatization in the true sense. As per Note 2 of the budget bill for the next fiscal year (March 2020-21) the government can divest its stake in state-run companies via ETFs. The bill obliges executive ...

Financial Tribune - Economy Minister Farhad Dejpasand says considerable changes are in the making to reform the procedures of future privatization programs The Iranian government will institute fundamental changes in the existing procedures regarding privatization. Its nearly 28 years since the first privatization sale in Irans economy. State ...

Bourse and Bazaar | Esfandyar Batmanghelidj: Irans long but troubled drive for privatization received a boost earlier this month. Morteza Lotfi, the recently appointed head of Irans Social Securities Investment Company (SHASTA), the countrys largest pension provider, announced that SHASTA would listthe remaining 25%of its subsidiary companies ...

Al-Monitor- Privatization in Iran only effectively started in 2001. Five years later, in 2006, Supreme Leader Ayatollah Ali Khamenei backed a constitutional amendment the Law on Implementation of General Policies of Article 44 of the Constitution to ease the sale of state-owned enterprises in an attempt to downsize government and help expand the ...

Tehran, April 21, IRNA - Iranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh urged private sector to boost ties with the world. During a meeting with new members of Iran Chamber of Commerce, Industries, Mines and Agriculture, the official encouraged ICCIMA to help boost of trade between Iran and other states. Chambers of ...

[caption id="attachment_133554" align="alignright" width="237"] Iran has transferred over $1.15 billion (38.386 trillion rials) worth of state shares to the private sector since the beginning of current Iranian calendar year (March 21, 2014) until March 6, 2015.[/caption] TEHRAN: Iran has transferred over $1.15 billion (38.386 trillion rials) worth ...

IRAN, like Mexico, has a new and more reform-minded president who wants to loosen the national oil companys grip on his countrys massive reserves, and bring in private investment to boost output. One big difference is that Irans ability to do so is severely curtailed by international sanctions on the country over its nuclear programme. Nevertheless,...

TEHRAN, Aug.28 (MNA) Over 786 billion rials (about $31 million based on the U.S. official exchange rate of 24,800 rials) worth of shares of state-run companies were sold in the fifth Iranian calendar month of Mordad (July 23-August 22). More than 363 million shares of state-run companies were transferred to the private sector in the mentioned period ...

TEHRAN, Aug. 14 (MNA) Iran has transferred over 130 trillion rials (about $5.2 billion) worth of shares of state-run companies to the private sector in the first four months of the current Iranian calendar year. The shares were owned by 25 state-run companies, the Privatization Organization of Iran said in a press release. The government has envisioned ...