Hamburg's warehouse district was a major hub for the trade in Persian carpets. But business has been slow due to economic sanctions on Iran. However, carpet dealers expect that will soon change, opening up huge new markets for the exotic rugs.
Hamburg's warehouse district was a major hub for the trade in Persian carpets. But business has been slow due to economic sanctions on Iran.
German-Iranian business ties have been growing, and that's likely to continue. The two countries, nearly the same size in population, have more in common than you might think — including a shared love of engineering.
A Turkish-Iranian gold trader has testified in a US court that he paid bribes as part of an Iran sanctions busting scheme. The case implicates Turkey's former economy minister and bankers close to the government.
US President Donald Trump has given his long-anticipated speech on Islam and terrorism in Riyadh. His words were appropriate and relevant, says Kersten Knipp - but he also swept crucial issues under the rug.
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