Iran Deal Could Open Door to Gulf Businesses
While executives see opportunities, governments remain at loggerheads on other issues/ DUBAI–In the 10 years since RAK Ceramics opened a $40 million tile manufacturing plant in Iran, the United Arab Emirates-based firm has racked up millions of dollars in losses in the Persian country, fired hundreds of employees and all but stopped its kilns from burning. But then Iran struck a nuclear deal with the U.S. and other foreign powers this summer. Now with sanctions expected to ease, RAK Ceramics is looking to boost output of the kitchen and ...
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