Subscribe Us

Header Ads

Iran woos local investors as US sanctions loom, currency falls

Author: 
Reuters
article author: 
ID: 
1532787103226538700
Sat, 2018-07-28 13:39

DUBAI: Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on Saturday, as the country faces likely US sanctions and the exit of many foreign companies.
In May the United States pulled out of a multinational deal to lift sanctions against Iran in return for curbs on its nuclear program, and Washington has told countries they must halt all imports of Iranian oil from Nov. 4 or face US financial measures.

Main category: 


from ArabNews https://ift.tt/2LV2pbT
via IFTTT

Post a Comment

0 Comments