VOL. XXXVI

NO. 39

28 JUNE 1993

Financial and Banking News

INVESTMENT ACTIVITIES

Iran's Majlis Ratifies Free Trade Zones Bill

On 21 June Iran's Majlis ratified a bill establishing the legal framework for investmentand operations in the country's three free trade zones. The bill, which must beapproved by the Council of Guardians before it becomes law, paves the way fordirect foreign investment in Iran and guarantees such investments againstexpropriation and nationalization. Iranian President Ali...