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Iran is back in business

Iran is back in business

Iran is moving quickly to shake off the effects of a decade of international isolation and years of crippling sanctions that have stifled its economy. With a population of about…

Iran poses economic challenge to Saudi Arabia

©AFP The enthusiasm with which the political and business elites of Italy and France have greeted the visit of President Hassan Rouhani this week has been unstinting. The Middle East…

Iran plans to buy 114 Airbus jets

©Reuters An Iranian flag outside the Vienna nuclear talks last year Iran plans to sign a contract with European plane maker Airbus to buy 114 aircraft during the visit of…

Gulf FX pegs: Oman, Bahrain most at risk

©Swisshippo/Dreamstime Saudi Arabia’s SWF has already pulled tens of billions of dollars from global asset managers The dramatic slide in crude prices has led to a surge in speculation that…

Iran heralds a future without sanctions

©AFP The lifting of sanctions on Iran’s economy this weekend not only provides a welcome example that concerted international action and dogged diplomacy can resolve intractable global problems. It brings…

Countdown to Iran nuclear agreement

©EPA The historic nuclear agreement with Iran is due to be implemented in the coming days — potentially at a ceremony in Vienna on Saturday. 1) What is “Implementation Day”?…

House of Saud’s sectarian venom spreads

©AP It is hard to see how Saudi Arabia’s New Year execution spree will send the signal it presumably intended: that of an absolute monarchy on which the sun will…

EMs face ‘new reality’ of lower growth

©Reuters Christine Lagarde, the International Monetary Fund chief Emerging economies are facing a “new reality” that is significantly slowing the pace of economic convergence with the rich world and risks…

Bahrain and Oman raise fuel prices

©Dreamstime Bahrain and Oman have increased fuel prices significantly as the Gulf states struggle to rein in budget deficits and ease pressure on government coffers ravaged by the decline in…

Saudi Arabia plays down riyal peg fears

©Reuters Saudi Arabia sought to cool talk about the future of its currency peg, saying movements in the forward market were the result of market “misperception” about the state of…