From sukuk to warrants, Iran works to deepen capital markets

Iran is developing a range of new financial products, from Islamic bonds to warrants and insurance-linked securities, in an effort to give local firms more funding options as sanctions put pressure on the economy. The Iranian rial has plunged 70 percent against the U.S. dollar in the free market this year,

Iran, major powers labour to keep nuclear deal afloat

The remaining parties to the Iran nuclear deal on Monday agreed to keep working to maintain trade with Tehran despite scepticism this is possible as U.S. sanctions to choke off Iranian oil sales resume in November. U.S. President Donald Trump decided in May to abandon the pact and to restore economic

Kuwait slides on day of FTSE entry, DSI continues to hurt Dubai

DUBAI - Gulf stocks opened in negative territory on Monday, mirroring a slide in Asian shares after China’s decision to cancel talks with the United States increased concerns about a protracted trade war. The Kuwaiti main index slipped 0.3 percent in early trade, reversing some of its recent gains ahead of

The U.S. dollar rose broadly on Friday as U.S. job growth surged

The U.S. dollar rose broadly on Friday as U.S. job growth surged in August, but investors remained jittery about a possible escalation of the U.S.-Chinese trade conflict as U.S. President Donald Trump threatened China with more tariffs. U.S. job growth accelerated in August and wages increased the most annually in more