Middle East Economic Survey

VOL. XLVII

No 41

11-October-2004

CAPITAL MARKETS

New Iranian Law To Target Two Turkish Companies Only

Irans controversial foreign company law, which originally sought to compel the government to obtain parliamentary approval before concluding contracts with companies (which are more than 49% foreign-owned), has been modified to target two Turkish firms only Turkcell which has won a $3bn license to operate Irans second private mobile network and Tepe-Akfen-Vie (TAV), a...