Iran: Door open to foreign investors

Iran’s incoming President Mahmoud Ahmadinejad will be open to foreign investors and Western companies should not take fright, Foreign Ministry spokesman Hamid Reza Asefi said.

Ahmadinejad, viewed by Western countries as a conservative, takes power next month after he won an election in June in the second-biggest crude exporter of the Organization of the Petroleum Exporting Countries (OPEC).