postsanction iran makes play
Thursday 10 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

For Asian investment

Post-sanction Iran makes play

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Post-sanction Iran makes play

Iran's GDP is expected to grow 5.0% in 2016 and next year
Singapore - Arab Today

Iran on Wednesday urged more Asian companies to invest in the country, saying the lifting of nuclear-linked sanctions had opened vast opportunities for foreign capital.

Central bank governor Valiollah Seif told a business seminar in Singapore that reforms put in place since President Hassan Rouhani took office in 2013 helped restore economic stability while the lifting of the sanctions had reintegrated the economy with the rest of the world.

Iran's gross domestic product is expected to grow 5.0 percent this year and next, up from 3.0 percent over the past two years, Seif told the private seminar of businessmen from Singapore, Malaysia, South Korea and Australia.

Iran in January signed a historic deal with western powers to end years of crippling sanctions in exchange for curbs on its nuclear programme, which Tehran has long insisted was for peaceful purposes rather than building atomic weapons.

"The lifting of sanctions has created unprecedented opportunities for investors," Seif said.

Outside oil and gas, investors can also seek opportunities in petrochemicals, steel, copper mining, pharmaceuticals, telecoms, aviation, machinery, tourism, infrastructure and information and communication technology, he said.

Seif cited Iran's $450 billion economy, skilled and educated workforce, 80 million population and cheap access to energy resources among the country's advantages.

Iran has the world's biggest gas reserves and the third largest oil reserves, he said.

Hossein Yaghoobi Myab, director-general for international affairs at the Iranian central bank, said at the meeting that since the lifting of sanctions, companies from China, Japan and South Korea had visited Iran.

"We have had a lot of negotiations. Some of them have actually led into concrete agreements and compacts with the Iranian side," he told reporters, adding that there was still "a lot of potential" for further investment talks.

Despite the lifting of nuclear-linked sanctions, the United States and the European Union still impose penalties against Iran over its support for armed movements, ballistic missile programme and human rights record.

Iran provides financial and military support to Lebanon's Shiite militia Hezbollah and Palestinian Islamist groups, considered by some Western countries as terrorist organisations.

Source: AFP

GMT 09:23 2017 Wednesday ,25 October

Iran recruits Afghans for Syria fight

GMT 12:37 2016 Monday ,26 December

Iran rial hits fresh record low

GMT 09:07 2016 Monday ,10 October

Hard times fuel Tehran taxi glut

GMT 06:53 2016 Saturday ,09 July

To block Iran aircraft sales
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

postsanction iran makes play postsanction iran makes play

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

postsanction iran makes play postsanction iran makes play

 



GMT 08:03 2017 Tuesday ,03 October

Negotiating with North Korea a waste of time

GMT 07:14 2017 Wednesday ,16 August

Mai Seleim aspires to present duet with sisters

GMT 17:10 2016 Saturday ,03 September

5.2-magnitude quake hits 231km SE of Hihifo, Tonga

GMT 06:43 2017 Thursday ,17 August

Egypt condemns terrorist attack on camp in Nigeria

GMT 16:30 2017 Sunday ,27 August

Kat set to steal show at Video Music Awards

GMT 12:27 2018 Wednesday ,03 January

Former Miss America Carlson named new chairperson

GMT 10:50 2017 Wednesday ,08 November

Gulf stocks slide on Saudi-Iran duel

GMT 12:51 2017 Sunday ,17 December

Tunisia in new delay of first post-revolt local poll

GMT 15:32 2017 Friday ,20 January

Obelix is the star of new Asterix adventure
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice