Thursday 23 October 2014
 
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French artist showcases work in Bahrain

An exhibition by a Paris-based artist opened in Bahrain last night (April 8).   French artist Louis Cyprien Rials presented his first solo video and installation exhibition at Maison Jamsheer, in Muharraq, in the

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Iran central bank eliminates cheaper dollar rate

Iran's central bank has eliminated a subsidised, cheaper rate for foreign currency and reported a weaker official rate in its place, according to Iranian media and the central bank's website on Saturday. The Iranian rial h

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Iran withdraws cheap dollars for most imports

Iran has stopped providing subsidised dollars for the import of most basic goods, Iranian media reported, a move that could push soaring consumer prices even higher in the run-up to a presidential election in June. The Iranian ria

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Iran rial firms after ‘positive’ nuclear talks

The Iranian currency jumped about 9 per cent against the US dollar because of apparent government intervention and a positive tone at nuclear talks between Iran and world powers, currency websites and Iranian media reported on Monday.

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Iran inflation to top 30pc as sanctions hit output

Iran's inflation is continuing to rise and is likely to top 30 per cent in coming weeks as economic sanctions contribute to shortages and stockpiling by anxious consumers, the central bank governor was quoted as saying on Monday.

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Iran rial slips as power struggle over banker looms

  The Iranian rial has dropped sharply on the open market since Sunday on speculation the head of the country's central bank could be sacked in a row over his performance that has exposed the country's political faultline

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Iran parliament to probe c.bank over rial fall

  Iran's parliament voted 171 to 36 to investigate the country's central bank over its response to last year's currency crisis, parliamentary news agency Icana reported.   Iranian media

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National Bank of Oman Q4 profit jumps 48pc

National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a 47.8-percent rise jump in fourth-quarter net profit on Sunday, beating analysts' expectations. The lender made a net profit of

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Sanctions side effect hits Iran's food system

Iran's food distribution system is in crisis even though Western sanctions do not directly target the market, badly hurting the poor and turning some staples into luxuries. Private importers are shrinking away from deals made

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Oman money market curbs may hurt Islamic banks

As Oman prepares to introduce Islamic finance, a restriction on the money market instruments which banks can use may curb their ability to manage funds in the market, hurting profitability. Authorities are expected to release Isla

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