At a time, when according to several well informed local media, the IMF is concerned about the GCC countries’ governments apparent reluctance to up deficit reduction measures, saying an additional substantial deficit reduction effort is required in the region and the World Bank lowering the same countries growth forecasts due to persisting lower than expected oil prices, Iran has recently launched a ginormous shopping spree for passengers airplanes. Reuters reported on 6 June 2016 that Iran intends to purchase lots of Boing planes.

Iran is dangling the prospect of significant business for Western planemakers as it emerges from decades of sanctions.  

This article is available to members of MENA-Forum only.

Advertisements