Photographer: Simon Dawson/Bloomberg

Investing in Iran? You'd Better Like Tea, Cake and Bureaucracy

Updated on
  • The state controls as much as 70 percent of the economy
  • Western investment needed as falling oil prices sap growth

When Mahdi Yazdizadeh’s company tries to import new products, employees sometimes find themselves running from one Tehran office to the next, having to answer a stream of questions to get the needed approvals.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.