Tuesday, 2 February 2016

Rouhani invites U.S. firms to invest in changing Iranian economy | Reuters

Rouhani invites U.S. firms to invest in changing Iranian economy | Reuters:

"Iran has no problem with U.S. companies investing in its economy and creating joint ventures, President Hassan Rouhani said on Tuesday, and he called for foreign investment and diversification away from oil.

The president said the lifting of sanctions last month under a nuclear deal with world powers would see foreign investment turn Iran into an exporter of manufactured goods and ease the economy's reliance on oil exports.

But he also took a swipe at a hardline vetting body that has excluded many of his moderate allies from running in two important elections in the Islamic Republic later this month, raising the prospect of political instability that would be of concern to would-be investors."



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