NDFI Offers $1b to Boost Exports/ Production
Economy, Business And Markets

NDFI Offers $1b to Boost Exports/ Production

The National Development Fund of Iran will allocate 40,000 billion rials (more than $1 billion at current market exchange rate) to boost production and exports in the current Iranian year (March 2016-17), says the fund’s deputy head Mohammad Qasem Hosseini. The sovereign wealth fund was created in 2011 to use part of surplus revenues from crude oil sales for investing in long-term projects. According to Hosseini, the NDFI has now close to $80 billion of assets.

Short URL : http://goo.gl/AOeprf
  1. http://goo.gl/qIz14w
  • http://goo.gl/bp8JR5
  • http://goo.gl/mAZGB3
  • http://goo.gl/59P4OH
  • http://goo.gl/rcfy0C

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...