Monday 23 February 2009

Iranian investment rule change is overdue (Registration required)

Iran is an unattractive destination for foreigner investors for reasons other than US-led sanctions.

In September, the World Bank rated Iran as the worst country in the Middle East and North Africa for foreign investors.

Over the next few months, the Iranian authorities will probably take a small step towards improving the position of investors, by scrapping capital controls that force foreign investors in companies listed on the Tehran Stock Exchange to lock in their capital for the first three years.

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