Category: Economy

US hits Iran with new economic sanctions

The US government has unveiled new economic sanctions against Iran, targeting at least 16 individuals and entities for supporting what it said was “illicit Iranian actors or transnational criminal activity”. In a statement issued on…

Saudi reshuffle can shake up oil markets

The power restructuring in Saudi Arabia this week led to the elevation of 31-year-old Mohammed bin Salman to crown prince, essentially ensuring that he will become the youngest king of Saudi Arabia in the not-too-distant…