Tag Archives | privatisation

Iran’s Economy a ‘Masterpiece of Structural Ambiguity’

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The economy dominated Iran’s recent presidential election. Hassan Rouhani, the incumbent, argued that integration into the global economy is the only path to prosperity and job creation, while his rivals accused his administration of […]

Damavand Petrochemical Plant Finally Privatized

Iran has ceded Damavand Petrochemical Utility Plant to the private sector after a series of failed bids, a privatization official said. The Managing Director of Iran Privatization Organization Jafar Sobhani said on Tuesday that the organization has finally sold the facility to the private sector at nearly IRR 8.270 billion. He said the organization held […]

Why Iran’s Private Sector hasn’t Benefited from Privatization

By Navid Kalhor, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. 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 […]

Iran — Achieving its Potential in the Global Economy

By John Lee. A senior official with the International Monetary Fund (IMF) has said that Iran must implement economic and structural reforms and tackle money laundering and terrorist financing if it is to reintegrate into the global economy. Mr David Lipton (pictured), the IMF’s first deputy managing director, made the statement in Tehran — this […]

Iran ‘Must Privatise Car Industry’ – Rouhani

By John Lee. President Hassan Rouhani said on Tuesday that Iran’s car industry “must be completely privatised” to meet the government’s goal of turning it into a global competitor. The Iranian state currently controls roughly half of the auto sector. He added that Iranian carmakers, which form the second biggest sub-sector of the economy behind oil, […]