Middle East Economic Survey

VOL. LIII

No 16

19-April-2010

IRAN

Iranian Government Transfers Shares In State Companies To Army Fund

The Iranian government has transferred shares of six petrochemical and power plants to SATA, the social welfare investment organization of the Islamic republics armed forces. According to Iranian satellite station Press TV, the transfer was made to offset a government debt to the Armed Forces Pension Fund, following a decision by the cabinet. The transfer order was...