News Briefs
  • 12:59

    Iranian President Plans Harsh Terms for Foreign Investors

    Iranian President Hassan Rouhani is warning potential foreign investors that they may have to accept difficult conditions in order to trade with the Islamic Republic.

    President Rouhani told a news conference that "If foreign companies or countries think they can take control of a market of 80 million people, they are mistaken, and we must not allow it."

    According to him, foreign investors will have to work with a local partner, hire Iranian employees, and share technology.