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Sunday, 30 October 2016

REUTERS SUMMIT-Qatar's Abu Issa Holding to enter Iran retail market in 2017 | Reuters

REUTERS SUMMIT-Qatar's Abu Issa Holding to enter Iran retail market in 2017 | Reuters:

"Abu Issa Holding, one of the largest retail and luxury goods firms in the Middle East, plans to expand into Iran next year and open stores in Tehran selling watches and confectionery as the market opens up after sanctions.

The family-run Qatari firm is an example of a Gulf Arab business that could benefit from the lifting last January of nuclear-related sanctions that largely closed Iran off for years.

Diplomatic tensions between Gulf Arab states and Iran over conflicts in Syria and Yemen are continuing to deter some investors. Another big obstacle to investment is that major international banks remain reluctant to do business with Iran."



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