Iran Woos Local Investors As U.S. Sanctions Loom, Currency Falls
  • 6 years ago
On Saturday Reuters reported that Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy. It comes at a time as the country faces likely U.S. sanctions and the exit of many foreign companies. After pulling out of a multinational deal with Iran to curb its nuclear program, Washington has told countries that they must halt all imports of Iranian oil or face U.S. financial measures.
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