Mehdi-Reza Darvishzadeh told reporters IFIC had so far invested 1.5 billion dollars worldwide, adding the company aimed at making investments abroad particularly in Latin American, African, Central Asian, and Persian Gulf states.

"In the past the German government imposed a tax on profit of Iran"s shares, but a law passed in 1998 helped Iran receive tax-free profit thereafter," recalled the official.

PIN/MNA