Reuter Concession

Exclusive economic concession proposed by the Shah of Iran to Baron Julius de Reuter. In July 1872, Nasir al-Din Shah, ruler of Iran, granted Baron Julius de Reuter, a British subject, a sweeping and exclusive seventy-year concession to carry out a number of business ventures within Iran. Among these were the construction of a railroad linking the Caspian Sea and the Persian Gulf, construction of streetcar lines, and operation of mines, among other ventures. Reuter, owner of a news agency, would have been granted an amazingly large amount of economic power with Iran. Opposition to the deal grew, both within Iran and in Europe (particularly Russia, which also had interests in Iran), and the concession was withdrawn in November 1873. Reuter did eventually maintain certain mining and banking rights in Iran, which led to the creation of the Imperial Bank of Persia.

Click to Play

How Reuters Deals With Censorship Across the World

Click to Play

How Reuters News Reporters Manage in a Disaster Situation

Click to Play

Goodman Reports on the Collateral Murder WikiLeaks Video

Click to Play

Support for Myanmar's Cyclone Zone

View more History, Politics, Society videos