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Qatari riyal's peg to dollar ‘great benefit’The Qatari riyal's peg to the US dollar has been of great benefit to Qatar's economy, the country's central bank governor Sheikh Abdullah bin Saud al-Thani said in an interview published on the central bank's website on Monday. More… |
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French artist showcases work in BahrainAn 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 More… |
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Iran central bank eliminates cheaper dollar rateIran'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 More… |
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Iran withdraws cheap dollars for most importsIran 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 More… |
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Iran rial firms after ‘positive’ nuclear talksThe 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. More… |
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Iran inflation to top 30pc as sanctions hit outputIran'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. More… |
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Iran rial slips as power struggle over banker loomsThe 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 More… |
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Iran parliament to probe c.bank over rial fallIran'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 More… |
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National Bank of Oman Q4 profit jumps 48pcNational 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 More… |
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Sanctions side effect hits Iran's food systemIran'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 More… |
