MNA It was proposed that $750 million worth of money, out of financial resources of the National Development Fund of Iran (NDFI), will be earmarked for manufacturing ship in the country. Head of Plan and Budget Organization (PBO) Mohammad-Bagher Nobakht made the remarks on Mon. on the sidelines of a session of Resistance Economy Headquarters. According ...

Financial Tribune - 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. As proposed in next year's budget bill (202-21), NDFI, the sovereign wealth fund, resources would be used in financing 15 categories of projects, namely innovative industries,...

Tehran Times - Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the countrys transportation fleet, IRIB reported on Tuesday. Upon President Rouhani's directive, National Development Fund will soon provide nearly $1.6 billion to renovate the transportation fleet, Shahram Adamnejad ...

MNA Minister of Roads and Urban Development Mohammad Eslami said that Leader of the Islamic Revolution agreed with withdrawing from the National Development Fund of Iran (NDFI) for the completion of Chabahar-Zahedan Railway. According to the scheduled program, this giant project will become operational by 2021. He made the remarks on Tue. in ...

Bourse and Bazaar - Irans economy was already creaking as two weeks of flooding devastated communities across the country, killing 76 people and damaging critical infrastructure and industries. Hundreds of thousands of Iranians have been left to pick up the pieces at a time when economic pressures may mean that their government and fellow countrymen ...

MNA Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has agreed to the president's request to get help from the National Development Fund of Iran (NDFI) in the renovation of the flood-stricken areas, if it is absolutely necessary. Last week, President Rouhani asked the Leaders permission for withdrawing money from NDFI in a bid to ...

MNA Leader of the Islamic Revolution has reportedly agreed with withdrawal of some 2 billion from the National Development Fund of Iran (NDFI) for renovation of flood-stricken areas, but the act will be done after providing a precise official report about the extent of the damages, the Chairman of NDF's Executive Board announced on Sunday. President ...

MNA In a letter to the Leader of the Islamic Revolution Ayatollah Khamenei, Iranian President Hassan Rouhani applied for permission to grant some 2 billion from the National Development Fund of Iran (NDFI) to renovation of flood-stricken areas, a Parliament Member told reporters on Monday. As Fatemeh Zolghadr informed reporters, MPs also submitted ...

SHANA - Members the parliamentary select committee to study budget law signed off on a measure which determines the share of the National Development Fund of Iran (NDFI) from all oil export revenues at 20 percent in their latest open session on Sunday. According to ICANA, Mohammad Mahdi Mofatteh, spokesperson of the committee, said that during deliberation ...

Financial Tribune - Iran's Forests, Range and Watershed Management Organization has received a fund of $200 million from the National Development Fund of Iran, an official with the FRWMO said. According to Fariborz Gheibi, the money will be spent on protection, restoration, development and utilization of watersheds, aquifers, ranges and woodlands,...

MNA A member of Board of Trustees at the National Development Fund of Iran said that the NDFI has allocated 12 percent of financial resources to counter US sanctions on Iran. The heads of three branches of the government came to the decision to set aside 12 percent of financial resources of the Fund for countering US sanctions if needed, Mohammad ...

SHANA - The National Development Fund of Iran (NDFI) will be tapped for a 260-million-Euro loan for completing the remaining phases of Bandar Abbas Gas Condensate Refinery Project, an official said. Managing Director of the National Iranian Oil Refining & Distribution Company (NIORDC) Alireza Sadighabadi said on Sunday that the refinery must ...

Shana-- Iranian President Hassan Rouhani says the financial reserves of the National Development Fund of Iran (NDFI) will cross 40 billion dollars by the end of his presidency in September. Addressing a ceremony to launch 4 petrochemical projects on Sunday, the official said high interest rate of bank loans is a serious projects that hinders domestic ...

IFP- Saeed Shirkavand, theVice-president of planning and investment in Iran Cultural Heritage, Handcrafts and Tourism Organization (ICHTO), announced that in the next two years, the National Development Fund of Iran (NDFI) will allocate $340m for private sectors investment in tourism. After obtaining the required permits, the private sector investors ...

TEHRAN, May 04 (MNA) National Development Fund of Iran (NDFI) and the ExportImport Bank of Korea, also commonly known as the Korea Eximbank (KEXIM) have signed a memorandum of cooperation. During the visit of South Korean president to Tehran, Chairman of Board of Executive Directors at NDFI and Seyed Safdar Hosseini and Chairman and President ...

TEHRAN, Nov. 14 (Shana) A senior Iranian petrochemical official said tapping of National Development Bank of Iran (NDFI) has started to open a letter of credit (L/C) for financing Siraf Petrochemical project. Marziyeh Shah-daei, project manager of Iran's National Petrochemical Company (NPC), told Shana that financing of the project has started ...

Developed nations seek to invest in science and technology and favor a divestment program in underground energy reserves, said Health Minister Hassan Qazizadeh Hashemi addressing the First National Symposium of Health Knowledge-Based Companies. One ounce of high-tech medicine today is worth several barrels of oil; there are countries that still continue ...

[caption id="attachment_148239" align="alignright" width="176"] Bandar Abbas Oil Refinery[/caption] Tehran, March 17, IRNA -- The Majlis on Monday passed a bill which allows the oil and energy ministries to invest up to $100 billion in foreign exchange and 500,000 billion rials a year to reduce costs and increase productivity in the energy sector....

[caption id="attachment_109171" align="alignright" width="191"] A view of Iran's Majlis[/caption] TEHRAN Feb 24(Shana)--Iranian lawmakers have voted in favor of a piece of legislation for tapping the National Development Fund of Iran (NDFI) for the development of oil and gas fields Iran shares with neighboring countries. The legislators gave ...

[caption id="attachment_71735" align="alignright" width="204"] Deputy head of National Petrochemical Company Hassan Peyvandi[/caption] TEHRAN Feb 18(Shana)--Methanol projects in Iran need budget allocation from the National Development Fund of Iran (NDFI), a deputy head of National Petrochemical Company said. Hassan Peyvandi said the worlds largest ...