Reza, an Iranian businessman in his mid-thirties, moved to Dubai 10 years ago to make his fortune. For a while, he succeeded -- annual sales at his machinery trading firm reached $70 million. Over the past 18 months, most of what he built has crumbled.
Tightening international sanctions against Iran over its disputed nuclear programme have culminated in making it impossible for Reza to send payments through banks. That has forced him to fire 22 of 26 staff and to sever business ties with machinery making giants such as Japan's Komatsu, he says.
"If I can't move any money, how can I do business?" said Reza, who declined to give his full name because of concern that publicity could cause political problems for him inside Iran.
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