IRAN: Government Pumps $500m Into Ailing Textile Sector
Iran is to spend $500m from its oil stabilisation fund to rescue the country's ailing textile industry. The government has responded to public protest after unpaid textile workers in Tehran and Isfahan staged street protests. President Mohammad Khatami said the government had launched a plan to revive the textile sector, but the government has not said how it intends to spend the $500m it is injecting into the industry.
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