Doing Business In Iran: The Banking Bottleneck

Tensions in the Middle East have continued into 2016 as conflicts among global powers and regional powers play out in the region. But 2016 is also the year of hope – the year when peace may begin in Syria and Yemen. This is also the year that the UAE has appointed a Minister of Happiness, and even more relevantly, a Minister of Tolerance. Given such prospects of hope across the region, businesses should be considering whether previous challenges in the region can be transformed into opportunities. One such challenge and opportunity is Iran. The promise of the Iranian market is so alluring that a number of businesses from regional competitor nations are actively pursuing opportunities, despite geopolitical challenges.