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New Head at NDFI

New Head  at NDFI New Head  at NDFI

President Hassan Rouhani Sunday appointed Ahmad Doust Husseini to head the National Development Fund of Iran, the government’s official website reported. Doust Husseini is a former deputy minister of industries mining and trade. He has also been a board member at Tehran Chamber of Commerce, Industries and Mining. Last month, the former head of the fund and all its board members resigned, in the wake of a salary scandal that cost many officials their jobs. The sovereign wealth fund was created in 2011 to use a portion of surplus revenues from crude oil exports for investment in long-term projects. The NDFI is said to have $80 billion in assets.

Financialtribune.com