Capital flight will cause irreparable damage :: Iran News
Capital flight has become talk of the town since the coming to power of the new president in June. There have been several reports indicating huge capital flight cases in recent months. Resources taken out of the country by major business owners are usually invested in housing and industrial projects in regional countries, especially the tiny Persian Gulf sheikhdom of Dubai. . . .There's a gulf, and it's Persian, and it has something to do with liquidity - but it's not water. Visit Tehran, buy a carpet and the dealer will ask you to pay his cousin in America.
Iranians have reportedly invested $200 bln in Dubai, United Arab Emirates, over the past few years.