Iran's return to the fold sparks business bonanza for Europe

Iranian President Hassan Rouhani (L) is welcomed by Italian President Sergio Mattarella on his arrival at the Quirinale presidential palace in Rome on January 25, 2016Iranian President Hassan Rouhani will on Tuesday attend an Iran-Italy business forum before meeting Pope Francis, as the Islamic Republic rebuilds ties with the West and seals multi-billion dollar deals as sanctions against it are lifted. A major order for Airbus planes is expected to be confirmed in France on Wednesday, along with tie-ups with French carmakers Peugeot and Renault. Rouhani said Monday he had come to Europe with an “open for business” message in his first trip overseas since Tehran’s nuclear deal with the West came into force this month.

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