US secretary of state John Kerry said in a statement today that applying sanctions to Iran until it capitulated, the strategy urged by Israel and the Republican majority in congress, was an impractical approach. “I will tell you, sanctioning Iran…
Month: July 2015
US congress critical to timing of lifting of Iran sanctions
US Congress, which is dominated by opponents of President Obama’s Iran policy, will not be able to block but will definitely slow the lifting of US, UN and EU Sanctions on the Islamic republic, analysts say. The joint comprehensive plan…
The next steps to the end of Iranian sanctions
The joint comprehensive plan of action (JCPOA) agreed today by Iran and the West involves further steps that will have to be completed before UN, US and EU sanctions are lifted: Today’s agreement is deemed to be finalisation day. This…
Fitch Affirms Abu Dhabi at AA
Fitch Ratings has affirmed Abu Dhabi’s Long-term foreign and local currency Issuer Default Ratings (IDR) at AA. The issue ratings on Abu Dhabi’s senior unsecured foreign and local currency bonds have also been affirmed at AA. The Outlooks on the…
Deficit projected in Kuwait’s 2015/16 budget
Kuwait’s parliament has approved the country’s budget for 2015/2016 which projectws a deficit of KD 8.2bn ($ 27bn), including the transfer of 10 per cent of the revenues to the Future Generations Fund. This deficit, which represents about half of…