Provided by Dow Jones
Dec 24, 2020 2:14 PM UTC
By Aresu Eqbali and Sune Engel Rasmussen | Photographs by Maryam Rahmanian for The Wall Street Journal TEHRAN Swaths of the Iranian economy are retooling in response to more than two years of U.S. sanctions, finding pockets of resilience in the country s large domestic economy. Iranian companies are increasingly producing the sorts of goods that Iran had long imported from abroad, while smaller, growing companies have picked up hiring. According to Iranian government statistics, Iran s non-oil industry s gross revenues have grown 83% in the past couple of years, overtaking the sanctions-battered energy sector s.