Monday 18 January 2016

Iran investment hope cheers traders in Dubai - BBC News

Iran investment hope cheers traders in Dubai - BBC News:

"The last time Hassan Harshbaf was doing business in his homeland, Iran, he had to leave in a hurry. In 2009, when sanctions were tightened, he had to walk away from long-term contracts in oil services.
"We had a very big operation in Iran," he said, sitting poolside at his villa in Dubai. "We got a notice from headquarters that we had to go. We gave the client - the National Iranian Oil Company (NIOC) - three months to find someone else. They were not very happy about it."
Mr Harshbaf then had to wind up the operation - exporting equipment, transferring expats and sacking local staff - and move to across the Gulf."



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