The municipality of the Iranian city of Mashhad is inviting foreign companies to invest in economic projects in the city, with special privileges.

Organizational reports say the Islamic Republic has managed to attract about $5bn foreign investments over the past Persian year.

Foreign investors have lost their appetite for Turkey and its housing market.

The volume of foreign investment in Tehran Stock Exchange has increased by 64 percent in the past 8 months.

Iran’s potential for profit goes far beyond oil and the country stands to make an estimated $700 billion off its vast deposits of minerals.

Iran has reportedly named five domestic oil majors to work with international energy giants.

President Rouhani says the ground is prepared for foreign investment in Iran as he receives his South Korean counterpart Park Geun-hye in Tehran.

Iran expects to attract $45 billion in foreign investment this year as the economy is humming back to life.

Turkey is facing a record flight of assets as foreign investors are dumping stocks and bonds amid a gloomy outlook, international consultants say.

President Hassan Rouhani says there is a global surge of interest in new business opportunities in Iran, adding the country is ready to open its arms to international entrepreneurs if they bring in investment and technology.