Economy
 

Turkey, Qatar central banks ink currency swap agreement

Qatar and Turkey's central banks have entered a currency swap agreement aimed at providing liquidity and support for financial stability.

 
Iran says no OPEC member can seize its market share

Iran says no OPEC member can seize its market share

Iran has called on the Organization of the Petroleum Exporting Countries (OPEC) to prevent efforts by certain member states to take over its share of the oil market in what is seen as a reference to speculations ...

 
China says Turkey can overcome economic crisis

China says Turkey can overcome economic crisis

China has supported Ankara saying Turkey can overcome the ‘temporary’ economic crisis stressing the country’s role in ‘regional peace and stability.’

 
UK halts Iran solar project after, following US sanctions

UK halts Iran solar project after, following US sanctions

UK renewable investor Quercus has halted a deal worth over half a billion euros to build and operate a 600-megawatt (MW) solar farm in Iran, the company announced.

 
Pakistanis launch ‘buy Turkish products’ campaign

Pakistanis launch ‘buy Turkish products’ campaign

The U.S. recent decision to double tariffs on Turkish aluminium and steel imports has been widely criticized by Pakistani citizens.

 
Russian foreign minister says dollar

Russian foreign minister says dollar's days numbered as global currency

Russian Foreign Minister Sergei Lavrov says Russia has been exploring for some time using national currencies to settle bilateral trade deals with Turkey and other countries.

 
Tariffs on Turkish imports ‘pose serious risks’ for US

Tariffs on Turkish imports ‘pose serious risks’ for US

Raising tariffs on imports from Turkey “poses serious risks” for the United States, an official at the U.S. Chamber of Commerce said Tuesday.

 
Turkey increases tariffs on U.S.-origin products

Turkey increases tariffs on U.S.-origin products

In a decision announced in the Official Gazette, Ankara said Aug. 15 it was imposing extra tariffs on imports of products, including rice, tobacco products, vehicles, alcohol, coal and cosmetics.

 
Russia seeks to use national currencies in bilateral trade: Kremlin

Russia seeks to use national currencies in bilateral trade: Kremlin

Russia has expressed willingness to use domestic currencies for bilateral trade with all countries, in an apparent bid to ditch the dollar amid escalating tensions between Moscow and Washington.

 
Germany vows supporting trade ties with Iran

Germany vows supporting trade ties with Iran

German Economy Minister has vowed support for its trade ties with Islamic Republic of Iran saying the United States cannot decide on Germany’s trade partners.

 
Turkey is a ‘target of economic war’, Erdogan says

Turkey is a ‘target of economic war’, Erdogan says

President Tayyip Erdogan denied on Saturday that Turkey is in a currency crisis, dismissing a plunge in the lira as ‘fluctuations’ which have nothing to do with economic fundamentals.

 
Total not withdrawn from SP Phase 11 yet: Iran

Total not withdrawn from SP Phase 11 yet: Iran

Iran says French energy giant Total is still to officially announce its withdrawal from one of the country’s biggest gas projects with a top official saying no change has been occurred in the combination ...

 
Iran: US tariffs decision against Turkey ‘shameful’

Iran: US tariffs decision against Turkey ‘shameful’

Iranian Foreign Minister Javad Zarif on Saturday criticised US President Donald Trump’s decision to impose additional tariffs on Turkey.

 
UAE planning oil pipeline from Ethiopia to Eritrea

UAE planning oil pipeline from Ethiopia to Eritrea

The United Arab Emirates plans to build an oil pipeline connecting Eritrea and Ethiopia, an Ethiopian official said.

 
UN: cost of war destruction in Syria $388bn

UN: cost of war destruction in Syria $388bn

Syria’s seven-year-long civil war has cost the country $388 billion in economic and social damage, the United Nations Economic and Social Commission for Western Asia (ESCWA) announced yesterday.

 
Qatar set to be knocked off its position as richest country in the world

Qatar set to be knocked off its position as richest country in the world

Qatar is set to be knocked off its perch as the richest country in the world by the Chinese gambling enclave of Macau.

 
IEA warns of US crude sanctions against Iran and its fallous

IEA warns of US crude sanctions against Iran and its fallous

The International Energy Agency (IEA) has warned of the significant impact of a US plan to impose targeted crude sanctions against Iran, saying it could exhaust the world's spare oil capacity cushion.

 
Europe to protect its companies doing business with Iran

Europe to protect its companies doing business with Iran

Europe announces it would act to protect its companies that do business with Iran against Washington’s potential punitive measures.

 
Iranian bank to fund imports of essentials from Russia

Iranian bank to fund imports of essentials from Russia

As Iran is preparing for the first wave of returning US sanctions that could largely hamper its foreign trade, the country’s banks appear to have already created a mechanism for imports of essential goods ...

 
US-Installed Iraqi Elite Spent or Stole all $700 bn in Oil Revenue since 2005

US-Installed Iraqi Elite Spent or Stole all $700 bn in Oil Revenue since 2005

Iraq has raised more than $700 billion from oil since 2005, but almost the entire amount has been spent, the central bank announced Tuesday.

 
US issues fresh North Korea-related sanctions

US issues fresh North Korea-related sanctions

The United States on Friday issued a fresh round of North Korea-related sanctions, designating a Russian individual and three entities, including a Moscow-based bank and a Chinese trade company.

 
IranAir says to get 5 more ATR regional planes before sanctions

IranAir says to get 5 more ATR regional planes before sanctions

IranAir aims to take delivery of five more ATR turboprop aircraft, it said on Saturday, easing a state of limbo surrounding Western plane deals since Washington exited a nuclear sanctions pact between ...

 
Iran to announce new policies to prevent rial depreciation

Iran to announce new policies to prevent rial depreciation

"A new set of Forex policy to bring the rial depreciation under control will be announced by Central Bank of Iran on Monday," The Iranian First Vice-President said.

 
Iran, ASEAN ink friendship, coop. treaty

Iran, ASEAN ink friendship, coop. treaty

Iran has signed a friendship treaty with the 10-nation Association of Southeast Asian Nations (ASEAN), in a move which could lead to broader economic cooperation between the Islamic Republic and the organization’s ...

 
China will not cut Iranian oil imports

China will not cut Iranian oil imports

China has rejected a US demand to cut Iranian oil imports despite Trump's attempts to bring down the Islamic Republic's oil sales to zero, Bloomberg reports.

 
Beijing threatens to increase another $60 billion tariffs on US imports

Beijing threatens to increase another $60 billion tariffs on US imports

China has announced it will add another $60 billion tariffs on US imports including liquefied gas and aircrafts in reaction to President Trump’s plan to increase duties on Chinese goods.

 
Iran, Russia, Turkey to counter any plot to partition Syria

Iran, Russia, Turkey to counter any plot to partition Syria

Iran, Russia and Turkey, as guarantor states for a peace process in Syria, have expressed their firm determination to counter any plot aimed at partitioning the Arab country.

 
India imports 50% more Iran oil from a year ago

India imports 50% more Iran oil from a year ago

Indian refiners imported around 50% more Iranian oil in June than a year ago, the country’s Oil Minister Dharmendra Pradhan has said ahead of the first set of US sanctions against Tehran taking effect ...

 
Iran eyeing “oil for gold” barter plan with Africa

Iran eyeing “oil for gold” barter plan with Africa

As US sanctions against Iran loom large, the country is looking for potential solutions to maintain trade with other countries with a top official in Tehran now proposing to barter oil products for gold ...

 
Iran’s currency Rial down in historic depreciation

Iran’s currency Rial down in historic depreciation

Iran’s national currency set a new record low against the US Dollar on Sunday as a result of a race that it appears to be losing on two key fronts: the greenback and the gold.

 
 
Article
From Compromise to Partnership: The Impact of the Trump Administration’s Policy towards Russia on Iran

There are serious doubts over the exact route of the US domestic and foreign policies under Donald Trump due to his controversial positions on various issues. In the meantime, one of the important issues that attracted the attention of observers and analysts even before the election of Trump and during ...

 
Report
News Media

Two billion people are living in poverty while 753 million others experience extreme poverty and are struggling to survive, according to the Global Humanitarian Assistance Report 2018.

Surviving Daesh, Iraq is grabbed by debt spiral

Already fragile and is largely dependent on oil revenues, Iraq’s economy has sustained a great damage after the rise of the Daesh terrorist group and simultaneous falling oil prices.

China to increase influence in Middle East: Experts

Political analysts interpreted China's pledge to send more than $23 billion in loans and humanitarian aid to Arab countries as a step to increase Chinese influence in the region.

Gas for peace or war in eastern Mediterranean?

Maritime boundaries and Exclusive Economic Zones (EEZ) in the eastern Mediterranean have become subjects of dispute since hydrocarbon resources began to be discovered in 2009, particularly between states embroiled in long-standing political problems in the region.

Pakistan losing lucrative export market in Afghanistan

The increasingly cold, stalled and often tense ties between Kabul and Islamabad have practically wiped out Pakistan’s traditional market share, allowing new players such as Turkey, China and India to replace it in landlocked Afghanistan, traders said.

 
 
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