Pistachios, iPhones and flights: How will Iranians benefit from nuclear deal?

[Jefferson23]

Talk is focusing on energy reform and big business investment, but initial change in Iran likely to be much more day-to-day

Simona Sikimic
Tuesday 14 July 2015 19:13 UTC
Last update:
Tuesday 14 July 2015 23:23 UTC


An Iranian grocer displays pistachios to a customer at his shop in Tehran (AFP)

After years of negotiations and much speculation, the Iranian nuclear deal has finally been penned.

Iranian President Hassan Rouhani said that a “new chapter of hope” had been opened while US President Barack Obama said that the deal offered “an opportunity to move in a new direction”.

If all goes according to plan, Iran will scale back its nuclear programme in exchange for sanctions relief, with the current agreement dictating nuclear development for the next 25 years.

Rosamund de Sybel, a director at the investigative and integrity consulting firm, K2 Intelligence , told MEE that she expects the lifting of “sanctions on oil exports and the banking sector to probably double Iran’s economic growth over the next few years”.

Economic growth estimates vary vastly from a 2 percent increase to a stellar 8 percent boost in the next few years although de Sybel says that a middle ground scenario - where growth would likely climb from around 3 percent today to 6 percent by 2017 - is most likely.

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