IMF says Iran nuclear deal to boost Mideast economy
Iran’s landmark nuclear deal will lift economic growth in the war-plagued Middle East next year as the rolling back of sanctions brings a rebound in oil exports, the IMF said Tuesday. “The lifting of sanctions… should allow for a recovery in oil production and exports,” it added, while predicting “a gradual improvement in the outlook for countries severely affected by conflicts, such as Iraq, Libya and Yemen”. Oil exporters, which include the Gulf states, Iran, Iraq, Yemen, Libya and Algeria, account for most of the weakness in growth this year.
17 March, 2015 Analysis: An Iran deal could have broader implications As world powers edge toward a possible nuclear deal with Iran, the debate has been dominated by the question of whether it leaves an opening for Iran to acquire a nuclear weapon. But an accord could have another profound impact: Is this the beginning of the Islamic Republic's broad […]
27 May, 2018 Iran sanctions shadow falls on smaller German banks Germany's biggest lenders have shied away from business with Iran after past penalties for breaching US sanctions, but smaller banks have leapt on opportunities afforded by the nuclear deal rejected by Donald Trump. There are just months to go until a...
17 November, 2013 Arab, African ministers meet in Kuwait to boost cooperation Arab and African foreign ministers met in Kuwait on Sunday hoping to accelerate a strategy to bolster economic cooperation, investment and trade ahead of a summit this week. The Third Africa Arab Summit on Tuesday and Wednesday will be the first meeting of its kind since 2010, when […]
28 November, 2015 Iran seeks $25 bn as new oil contract offer unveiled Iran is seeking $25 billion in investments from 50 deals involving international oil and gas companies, foreign executives were told Saturday in Tehran as the government outlined new contractual terms. Oil Minister Bijan Zanganeh opened a two-day conference in the capital attended by BP, […]
13 November, 2013 Hezbollah leader makes rare public appearance BEIRUT (AP) — Failure to reach a deal between Iran and world powers over Tehran's nuclear program could lead to a war in the Middle East, the leader of Lebanon's Hezbollah group said Wednesday.