Sanctions have pushed thousands of Russian and Iranian buyers into Istanbul’s housing market. Many Istanbul residents blame the influx of foreign investors for rising property prices.
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All in Economy
Sanctions have pushed thousands of Russian and Iranian buyers into Istanbul’s housing market. Many Istanbul residents blame the influx of foreign investors for rising property prices.
The scale of solar investments is far from shifting the GCC away from its heavy dependence on fossil energy and solar power is far less promising in the Arabian Peninsula than many outside observers might think.
A new report, citing data from Kpler, an analytics company, claims that Iranian oil exports to China will reach 1.5 million barrels per day this month, the highest level in a decade.
In a world with two parallel financial systems, a country would not necessarily have a single reserve bank.
Iranian listed companies have managed to grow profits despite major cost pressures stemming from sanctions. This may be because firms are exercising extraordinary pricing power.
Central Asia faces rising demand for energy, spurred by population growth and climate change, but most of the region’s power generation and transmission infrastructure dates to the Soviet era.
Uzbekistan is seeking a dialogue with the world and economic conference can serve to build trust and generate credibility.
The shared oil and gas fields in the Persian Gulf and Gulf of Oman are largely untapped areas for bilateral and multilateral cooperation.
European Union leaders have agreed on a landmark embargo of Russian oil that will seek to slash imports by 90 percent by the end of the year. That is bad news for Iran.
A new round of protests has begun in Iran. People are taking to the streets following a controversial subsidy cut perceived as an increase in the price of bread.
Significant attention has been paid to the impact of the Ukraine crisis and Russia’s economic contraction on Uzbekistan. But Uzbekistan’s exposure to the crisis does not just stem from the contraction of remittances coming from Russia.
Qatar’s transport minister made a two-day trip to Iran’s Kish Island, during which officials and businesspersons from both countries explored possible teamwork as Qatar prepares to host the 2022 World Cup.
For both policymakers applying sanctions and those seeking to resist sanctions, better policy outcomes require supply-side thinking.
Comparing the economies of Russia and Iran, it is reasonable to assume that Russia will endure its financial war.
Most of the questions around the JCPOA’s economic prospects revolve around whether European companies will bother to engage in the Iranian market given the challenging experience of the last few years. But there is another trade relationship that arguably matters more.
Sanctions relief will enable Iran to buy the industrial goods that will undergird the country’s economic resilience for the next two decades.
The appointment of Ali Salehabadi as Iran’s new central bank governor reflects the generational shift underway in Iranian policymaking—he was born just one year before the revolution that led to the establishment of the Islamic Republic.
Iran’s economic stagnation and widening inequality are top concerns for Iranian voters. It is therefore no surprise that during the three televised debates, candidates ganged up on Abdolnasser Hemmati, until recently Iran’s central bank governor.
A new IMF estimate has led to claims that Iran’s gross international reserves have been “wiped out.” But a closer look at the data makes clear that this is far from the case.
