Gulf banks exploring prospects in Iran, others may follow

By Tom Arnold and Jonathan Saul DUBAI/LONDON (Reuters) – Gulf banks including Dubai’s largest lender Emirates NBD are already meeting prospective clients and taking legal advice about entering Iran’s financial system now that many international sanctions have been lifted. European banks are more cautious with some, including Deutsche Bank, remembering past fines from regulators for breaking sanctions, though Commerzbank said it was reviewing its policy of not doing business in Iran. Many international sanctions relating to Iran’s nuclear program were lifted but most involving U.S. players remain in place.

Related Posts

  • Container ships make slow return to Iran after nuke deal6 August, 2015 Container ships make slow return to Iran after nuke deal By Jonathan Saul LONDON (Reuters) - The first international container ships began arriving in Iran this week after the nuclear deal between Tehran and world powers, yet many ship owners remainf wary of resuming business until sanctions are removed - st...
  • Tanker attacked by Iranian craft collided with Iran oil platform in March: owner15 May, 2015 Tanker attacked by Iranian craft collided with Iran oil platform in March: owner By Jonathan Saul LONDON (Reuters) - A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts have since been made to resolve the issue, the owner sa...
  • Abu Dhabi’s NBAD to launch MidEast’s first green bond: sources18 August, 2016 Abu Dhabi’s NBAD to launch MidEast’s first green bond: sources DUBAI (Reuters) - National Bank of Abu Dhabi plans to start an investor roadshow next week to issue a benchmark-sized green bond, the proceeds of which would be used to invest in renewable energy, banking sources said on Thursday. The bond would be the...
  • Fire put out at 87-story residential skyscraper in Dubai4 August, 2017 Fire put out at 87-story residential skyscraper in Dubai DUBAI, United Arab Emirates (AP) — Police in Dubai reopened the streets around one of the world's tallest residential skyscrapers after firefighters put out a blaze that erupted early Friday in the high-rise, forcing residents to evacuate in the middle of the night and sending […]
  • Exclusive: Iran Revolutionary Guards find new route to arm Yemen rebels1 August, 2017 Exclusive: Iran Revolutionary Guards find new route to arm Yemen rebels By Jonathan Saul LONDON (Reuters) - Iran's Revolutionary Guards have started using a new route across the Gulf to funnel covert arms shipments to their Houthi allies in Yemen's civil war, sources familiar with the matter have told Reuters. In March, ...

Leave a Reply

Read the original at Middle East News Headlines - Yahoo! News.