Iranian shop at the main bazaar in the capital, Tehran, on September 16, 2015. AFP PHOTO / ATTA KENARE
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Its economy is growing faster than almost any other in the Middle East, its bonds pay twice as much as Russia's and Turkey's, and it has reined in runaway inflation.While shedding its former pariah status will take time, Iran's reintegration into the global economy following almost a decade of international sanctions is creating opportunities for investors willing to shoulder the risk, according to Charlemagne Capital Ltd. London-based money manager partnered with a Tehran firm last year to add the country's bonds to its holdings, taking comfort from repayment guarantees provided by Iranian underwriters.The end to Iran's international isolation has spawned partnerships such as Charlemagne's in the country of 80 million people, whose economy is set to grow 5 percent annually over the next two years, faster than any regional peer after Libya and twice the rate of Saudi Arabia, according to World Bank forecasts.Iran Oil Pension Fund Investment Co. announced in January plans to sell a four-year rial bond, with an annual yield of 21 percent.
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