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Tortuous investment legislation means Tehran's bourse is not played much by foreigners, who until recently could not invest directly.
Market authorities announced plans in April to allow foreigners to buy up to 10 percent of firms listed in Iran. However, they would only be able to repatriate their capital gains and profits after three years.
Of course this is surpassed by the news to most people that Iran has a stock market.
Originally posted by crusader
True my brother, Iran has a financial stock market with active trading like most westernised countries. it is a democracy, unlike most Arab countries in the desert, and it has a limited liberty unlike the people in Saudi Arabia
TextThat being said, recent threats by thier hard line president regarding reducing oil production if sanctions are brought regarding thier nuclear program would spook investors. iran's economy is largely based on petro $$$$$
Originally posted by crusader
[America's economy is largely based on debt and virtual monoply money with no value at all, how about that?
[edit on 9-10-2005 by crusader]