Business Abhors A Vacuum

Business Abhors A Vacuum View Gallery
The Tehran skyline: much of the city is focused on loosening the countrys ties to the dogmas of revolution Picture: PA

With sanctions on Iran lifted, businesses are battling for a piece of the action in the cash-rich economy of Iran

Tehran used to have a Bobby Sands Street, but it’s gone now. Before it was named for an Irish hunger striker, it was called after a British prime minister. One side of what was once Churchill Street is taken up by the western wall of the vast British embassy complex. In 1981, as British-Iranian relations languished in the mire after the revolution which ended the rule of the western-backed Shah the Tehran authorities changed the name. The ambassador’s mail would also have to be addressed to a provo icon. Now, it’s called Babisandz Street. At some point, scoring points on the British became less important than having to deal with this unwieldy foreign name. Day-to-day life, not revolutionary grudge, became the priority. That means business.

Please Subscribe or Log in to continue reading

Subscribe Login

Independent journalism every day

With digital access you can read The Business Post whenever, wherever, and however you want.

  • Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
  • Breaking news, comment and analysis from the best Business Post writers seven days a week.
  • Live blogs of major news events
  • Videos and podcasts from some of the industry's most respected journalists such as Tom Lyons, Susan Mitchell and Ian Guider
  • Access to The Business Post's extensive archive​

Related Articles

More from The Business Post