Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

IRAN

Iranian Government Approves Law To Grant Shares To The Poor

The Iranian cabinet on 2 November approved a draft law to grant share options in state-owned companies to the poor. The cost will be paid off over a 20-year period and the cabinet has asked the Ministry of Economic Affairs and Finance to draw up the procedures for the sale of shares. Also the Ministry of Welfare and Social Security has been given two months to identify...