Is the promise of Iran’s riches all it’s cracked up to be?

Since sanctions were relaxed, European countries are racing to strike deals in Iran, writes Jack Horgan-Jones in Tehran

19th May, 2016
Jack Horgan Jones reports from Tehran

“Everybody wants to take us to dinner,” exclaims Nader Ghadessi of the Iranian Business Council in Dubai. And he’s not wrong.

But in Iran they weren’t celebrating the nuclear deal - they were welcoming the end of sanctions which had made substantive business relationships with the West almost impossible. Trade between the EU and Iran dropped from €28 billion in 2012 to €6 billion in 2014.

The Iranians hoped that the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Susan O’Keeffe: Gardaí and teachers are on the frontline and deserve early vaccines

Analysis: Lockdown fatigue grows but majority do not want to ease restrictions

Comment: How the FAI could have avoided the lasting damage of Videogate

Sport Paddy O'Dea 3 days ago

Latest lockdown news is deflating for everyone, but there is an end in sight