29 Mar 2024
Tuesday 30 June 2015 - 18:43
Story Code : 169981

Global companies focus on Iran as nuclear talks hit deadline

Large multinational companies are eyeing Iran with strong interest as talks about a nuclear deal that would ease sanctions against the Islamic republic approach their conclusion, according to a new report by Frontier Strategy Group.

More than 80% of 28 multinationals FSG surveyedhalf of them American companiessaid they were reassessing their Iran strategies in light of the prospective nuclear deal. And 57% of them saw Iran as a priority market to enter or grow in, assuming sanctions go away.

If finalized, the Iranian nuclear deal would put limits on the countrys ability to enrich uranium and carry out nuclear development activities.

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This article was written byAsa Fitch for The Wall Street Journal on June 30, 2015. Asa Fitch writes about economics, finance and investment from The Wall Street Journal's Dubai bureau. His coverage areas include the economies of the Gulf and the region's large sovereign wealth funds.
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