Iran's President Hassan Rouhani speaks during a news conference in Islamabad, Pakistan, March 26, 2016. REUTERS/Faisal Mahmood
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Hopes that Iran would quickly reintegrate with world markets after its nuclear deal, bringing investment and opportunities to a young population, are turning to frustration. An opaque business environment in Iran and political uncertainty in the United States are to blame. Adding to the uncertainty, Iranian analysts and foreign executives say, is the rise of Donald Trump, the U.S. tycoon set to clinch the Republican nomination in this year's presidential election, who has threatened to tear up the Iran deal.Foreign executives scouting for business in Iran say when they examine the tangle of ownership behind companies they approach, they often detect IRGC ties.European companies feel all these rules are part of a U.S. administration plan to block business between Europe and Iran, he complains."They ask the sellers to provide financing," he says "but that is impossible because throughout the world no foreign bank dares to do business with Iranian banks because they are scareduntil the big [international] banks start doing business, but European banks are still scared of U.S. banks".Iranian leaders are complaining they have been short-changed on the sanctions relief part of the nuclear deal. Begle, the Swiss executive, says President Hassan Rouhani earlier this year asked the visiting Swiss president to press leading Swiss banks to start financing foreign operations in Iran.
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