Iran Woos Local Investors As U.S. Sanctions Loom, Currency Falls

2018-07-29 1

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.