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SWIFT does not have any role in maintaining accounts and currency settlements and with disconnection of SWIFT services. (Shutterstock)
November 14, 2018 - 11:11 GMT
Central Bank of Iran (CBI) in its latest report said that Society for Worldwide Interbank Financial Telecommunication (SWIFT) does not have any role in keeping accounts and settlement of currency.
Washington’s newly imposed sanctions on Iran have given rise to many speculations concerning the fate of Tehran’s recently stepped up investments in Syria. (Shutterstock)
November 14, 2018 - 11:03 GMT
Washington’s newly imposed sanctions on Iran have given rise to many speculations concerning the fate of Tehran’s recently stepped up investments in Syria.

Top oil producers, meeting in Abu Dhabi on Sunday, demanded new “strategies” based on production adjustments to deal with market discrepancies between high supply and low demand. (Shutterstock)
November 14, 2018 - 10:57 GMT
Oil prices rose nearly 2 percent on Monday, recording the biggest daily rise in more than a month, after Saudi Energy Minister Khalid al-Falih said that the Organization of the Petroleum Exporting Countries (OPEC) will hold its position as the “World Bank” for global oil markets.
Saudi Aramco, ADNOC Sign Agreement to Invest in Gas Exploration. (Shutterstock)
November 14, 2018 - 10:44 GMT
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) signed on Monday a strategic framework agreement to create opportunities for cooperation in the natural gas and liquefied natural gas (LNG) sector, which has the potential to enhance the revenue growth in a market of strategic importance to both companies.
US Imposes New Sanctions on Hezbollah Citing Iraq Relations. (Shutterstock)
November 14, 2018 - 10:37 GMT
The United States imposed on Tuesday new sanctions against Hezbollah’s financial network, targeting officials responsible for its operations in Iraq.
Forecasts indicate that there would be heavy downpours and active winds with high speed, the cabinet said on its Twitter account on today. (Shutterstock)
November 14, 2018 - 09:20 GMT
The Kuwaiti government on Tuesday decided to suspend work at all ministries, state institutions, faculties, and public and private schools on Wednesday as a precautionary step.
The jury of the TV show “Arab Idol” take part in a tribute for the Kuwaiti National Day last year. (AFP)
November 14, 2018 - 09:14 GMT
Fifteen years after the Arab region’s first “shiny floor” reality TV show was broadcast, the format’s popularity is undimmed as rival channels vie to snap up localization rights for hit Western programs.
Egypt would set a VAT rate of 1% for SMEs under the proposed Act. (Shutterstock)
November 14, 2018 - 08:22 GMT
The Egyptian government is close to finish drafting a law to develop micro, small- and medium-sized enterprises (SMEs) in order to shortly submit it to the House of Representatives for approval, the minister of planning said.
In a statement, Hasan Turan, the head of parliament’s Turkey-Palestine parliamentary friendship group, criticized the UN for merely criticizing Israel’s Monday attack on Gaza. (Shutterstock)
November 14, 2018 - 08:16 GMT
A senior Turkish ruling party lawmaker on Tuesday urged the UN to impose tough sanctions on Israel.
Turkey's Independent Industrialists’ and Businessmen’s Association (MUSIAD) opened a representative office in Oman. (Shutterstock)
November 14, 2018 - 07:00 GMT
Turkey's Independent Industrialists’ and Businessmen’s Association (MUSIAD) opened a representative office in Oman, the business body announced on Tuesday.
The use of local currencies in trade between Turkey and Russia is
November 14, 2018 - 06:50 GMT
The use of local currencies in trade between Turkey and Russia is "necessary", Russian deputy minister of industry and trade said.
Turkey reached an agreement with the World Bank for $200 million in funding for public sector energy efficiency investments. (Shutterstock)
November 13, 2018 - 11:12 GMT
Turkey reached an agreement with the World Bank for $200 million in funding for public sector energy efficiency investments, Turkey's Energy and Natural Resources Minister Fatih Donmez said Monday.
Women are the least paid and their participation in the labour market is recorded much more in the informal sector and in vulnerable activities. (Shutterstock)
November 13, 2018 - 11:07 GMT
The integration of women into economic life would boost growth in the MENA region by nearly $ 600 billion (1,728 million dinars) annually, said Minister of Investment, Development and International Co-operation Zied Laâdhari.
Will Lebanon Witness Another Wave of IMF Instructions? (Shutterstock)
November 13, 2018 - 10:26 GMT
Prime Minister-designate Saad Hariri attended commemorations of the centenary of Armistice Day in Paris over the weekend, before taking part in the opening of the Paris Peace Forum Sunday.
Jordan and Japan on Monday discussed an investment plan to revitalise the Hijaz Railway’s infrastructure in support of the national economy. (Shutterstock)
November 13, 2018 - 10:22 GMT
Jordan and Japan on Monday discussed an investment plan to revitalise the Hijaz Railway’s infrastructure in support of the national economy, the Jordan News Agency, Petra, reported.
Iran has kept its stock of low-enriched uranium and the level to which it refines uranium within the limits set by the JCPOA. (Shutterstock)
November 13, 2018 - 09:59 GMT
Iran has continued to implement all its commitments under the 2015 nuclear deal it signed with major global powers even as the United States re-imposed fresh sanctions against Tehran, a report by the International Atomic Energy Agency (IAEA) says.