In an interview with Siamak Shojaei regarding investment in Iran, the Islamic Republic News Agency reports that the Speaker of the Islamic Consultative Assembly assured foreign companies this week at the inauguration of the seventh International Oil, Gas, and Petrochemical Exhibition in Tehran that despite negative propaganda, Iran has high security and stability, making it a suitable place for foreign investment. Dr. Siamak Shojaei, an economist and Iranian head of the School of Business and Economics at the State University of New York, states that the risk factor for investment in Iran, which is the basis for foreign investors' decision-making, does not support the Speaker's assessment. More details will be heard in this week's economic program, which also includes a report on the state of the free currency market, where according to Ali Pakpour, an Iranian currency dealer residing in London, there has yet to be evidence of the government's promise to supply the dollar at 770 tomans.
Interview with Siamak Shojaei on Investment in Iran, April 24, 2002
The Speaker of the Iranian Parliament reassured foreign investors about Iran's stability at an oil exhibition, while economist Siamak Shojaei challenged this view, citing high investment risks. The discussion highlights ongoing concerns about the economic environment in Iran amidst government promises that remain unfulfilled.
👥 Key Players
📰 What Happened
During an oil exhibition in Tehran, the Speaker of the Iranian Parliament assured foreign investors about the country's stability, while economist Siamak Shojaei expressed skepticism about the investment climate, citing high risks. The discussion also touched on the currency market and government promises regarding dollar supply.
- The Speaker claimed Iran is a secure place for foreign investment despite negative perceptions.
- Siamak Shojaei countered that the risk factors for investment do not align with the Speaker's assurances.
💡 Why It Matters
📚 Background
Iran has faced significant economic challenges due to sanctions and political instability, making foreign investment crucial for its economic recovery.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%