President Hassan Rouhani has accepted the mass resignation of those on the board of trustees of Irans sovereign wealth fund as revelations about high compensation packages at state-owned firms take new casualties. Minutes ago, the board of trustees of the National Development Fund held a session with President Rouhani in attendance, where the ...

TEHRAN July 9 (Shana)--Iran is to withdraw two billion dollars from National Development Fund (NDF) for financing refining and petrochemical projects, the NDF director said. Safdar Hosseini said the sum is to be allocated in the current calendar year to March 2015. Investment in this sector has relative advantage due to the exports aspects of petrochemicals,...