Monday May 25, 2020

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

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 3 weeks ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 4 weeks ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago