Iran Update

Iran Update

01)
A)  Iran's economy shrank in 2012 and 2013 after the West tightened sanctions because of its nuclear enrichment program. However, its economy was growing again by 2014, despite oil output falling to around 1 million barrels per day and crude prices collapsing. ..... LINK 
B) "I think ultimately Iran does not need to export crude or raw materials — we should export petrochemicals or other added-value materials," Amir Mehran, head of foreign assets and investment management at Iran's Bank Pasargad, said on Thursday.
C)  Iran has attracted great interest from investors since sanctions were lifted and has the second-largest economy in the region after Saudi Arabia and the second-largest population after Egypt. Its competitive advantages include cheap labor; a young, highly-educated population and inexpensive and reliable energy sources.
02) 
A) The economy of Iran is a mixed and transition economy with a large public sector. Some 60 percent of the economy is centrally planned.[8][9] It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange, one of the best performing exchanges in the world over the past decade. .... LINK