NDFI Gets  New Chief
NDFI Gets  New Chief

NDFI Gets New Chief

NDFI Gets New Chief

The Board of Trustees at the National Development Fund of Iran–the country’s sovereign wealth fund–appointed Morteza Shahidzadeh to take the institution’s helm after the resignation of its previous president was accepted on Saturday. Shahidzadeh replaces Ahmad Doust-Hosseini who had assumed the fund’s management in the summer of 2016 after its previous chief Seyyed Safdar Hosseini was forced to quit in the wake of a payment scandal.  Shahidzadeh is a seasoned banker who has served as the chief executive of Agriculture Bank and deputy chief executive of the privately-run Eqtesad Novin Bank. The reshuffle comes as the rainy-day kitty faces challenges such as excessive withdrawal of its resources and chronic mismanagement. As per the law, 32% of the country’s oil and gas resources should be deposited at NDFI for future use and key development projects.


Short URL : https://goo.gl/PPUYEU
  1. https://goo.gl/njd7vM
  • https://goo.gl/HB9QH9
  • https://goo.gl/a8yBDn
  • https://goo.gl/t1vZPy
  • https://goo.gl/kN4pW6

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...
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...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
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...

Add new comment

Read our comment policy before posting your viewpoints