Capital flight to UAE :: Iran News

Many economic experts and officials have called in recent months for a review of trade ties with United Arab Emirates following the tiny Persian Gulf country’s efforts to attract Iranian capital.

This is while some others believe that poor economic structures have led to a huge increase in the flight of capital and that Iran cannot force investors to stay home.

“We cannot keep investors at home at gunpoint,“ said Rassoul Seddiqi, an MP, adding that the existing investments would also exit the country, if the present trend continues.

Some 4,000 Iranian businesspersons have invested in Dubai due chiefly to poor facilities and restrictive investment regulations at home.

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