Economic growth for Iran

By Bizclik Editor

Iran’s economic growth will outperform most of the Middle East and North Africa (MENA) countries in 2016 when sanctions are lifted, posting a growth increase of about six percent next year up from 1.4%, according to the Institute of International Finance (IIF).

In light of the IIF’s report, Sarosh Zaiwalla, Founder and Senior Partner of the international sanctions law firm Zaiwalla & Co, said:

“The IIF economic growth projections for Iran reflect the view that, once sanctions are lifted, a vast array of international trade and finance channels will become available, allowing investment to flow in and rejuvenate the economy.

“Iran is set to capitalise on its status as the second largest economy in the region, with a rebound of its global oil exports to its previous high pre-sanctions levels

“Already, investors from all over the world are in talks with their Iranian counterparts to ensure they do not miss out on the huge potential the Iranian market has to offer. Iran’s Middle Eastern neighbours, too, should grab this opportunity with two hands, and be central to the post-sanctions discussions to fully benefit from Iran’s re-emergence on the international stage.”

Follow @BusinessRevME

 

 

Share

Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy

Sustainability

The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital