[Al Arabiya Latest] German industrial giant Siemens said Wednesday it would stop signing new business deals in Iran from mid-2010 as tensions grew between Berlin and Tehran, which said it had arrested two German diplomats.
"The board has decided not to conclude new contracts with commercial partners in Iran," company spokesman Alexander Becker told AFP, adding that a decision had already been taken to this effect within the company last October.
"There are clients that have offers on the table that expire by mid-2010 at the latest ... from this date onwards, there will be no new business," added the spokesman. |