Paul Julius Reuter (born Israel Beer Josaphat; 21 July 1816 – 25 February 1899), later ennobled as Freiherr von Reuter (Baron von Reuter), was a German-born British entrepreneur who was a pioneer of telegraphy and news reporting. He was a reporter, media owner, and the founder of the Reuters news agency, which became part of the Thomson Reuters conglomerate in 2008.
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In this Dossier
Paul Reuter in the context of Imperial Bank of Persia
The Imperial Bank of Persia (Persian: بانک شاهنشاهی ایران, romanized: Bânk-e Šâhanšâhi-ye Irân), sometimes transcribed as Bank Shahi, was a British bank that played a central role in the financial history of late Qajar Iran, known in English at the time as Persia. The bank was legally established in London and subject to British law, with the bulk of its operations based in Tehran under a concession initially granted by the Qajar government to Paul Julius Reuter. It served as the country's main bank of issue until that role was transferred to Bank Melli Iran in 1932, and introduced European financial practices to a country in which they were previously unknown.
Following political changes in Pahlavi Iran it was renamed the Imperial Bank of Iran in 1935, then the British Bank of Iran and the Middle East in 1949 following expansion into other Middle Eastern countries. In 1952, its operations in Iran were terminated, with some of its former business restructured as Bank Bazargani. The remaining activity outside Iran was renamed British Bank of the Middle East (BBME), which in 1959 was purchased by HSBC and in 1999 was renamed HSBC Bank Middle East. Bank Bazargani in turn was reorganized in 1979 following the Iranian Revolution, to become the nucleus of Bank Tejarat.
Paul Reuter in the context of Reuters
Reuters (/ˈrɔɪtərz/ ROY-tərz) is a British news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world.
The agency was established in London in 1851 by the German baron Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation.
Paul Reuter in the context of Reuter concession
The Reuter concession (Persian: امتیازنامه رویتر) was a contract signed in 1872 between Paul Reuter, a German-born British banker, businessman, and founder of Reuters, and Naser al-Din Shah Qajar, the Shah of Qajar Iran.
George Curzon wrote that: