Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Iranian banks and firms will seek European investors willing to bet on thawing ties with the outside world in London next week, hoping to overcome caution or even outright hostility among Western governments and pressure groups.The Oct. 15-16 conference, the largest gathering of Iranian commercial officials in London for years, aims to attract capital which the country badly needs due to its isolation under international sanctions.But the Europe-Iran Forum is being held at a politically sensitive moment as world powers try to reach a deal with Iran on its nuclear program before a Nov. 24 deadline.Iran's economy has struggled, particularly since the tougher, nuclear-related sanctions were imposed in 2006 . Its banks have been frozen out of financial markets and much of its oil export revenues have been blocked.The IMF forecasts Iran's economy will grow 1.5 percent in the current fiscal year, rising to 2.2 percent in 2015 .French bank BNP Paribas agreed in June to pay U.S. authorities a record $8.9 billion penalty over sanctions violations with countries including Iran and related conduct.
FOLLOW THIS ARTICLE