Iran has plans to invest $29bn in its mining industry, about half of it coming from foreign investors, deputy industry, mine and trade minister Mehdi Karabasian has said. Karbasian is also President of the Iranian Mines & Mining Industries Development…
Month: November 2015
Putin to visit Tehran next week
Russia’s President Putin plans to visit Tehran to attend the Gas Exporting Countries Forum in the Iranian capital next week, a senior Russian government official has said. “We are preparing to take part in the third Gas Exporting Countries Forum…
Iran aims to cut inflation to under 10 per cent
Inflation fell to 10.8 per cent in the year ending October 2015 and the government aims to reduce it to single figures, President Rouhani’s senior economic adviser Masoud Nili said on 15 November. ‘There are worries that, parallel with the…
Showbiz show planned during Dubai film festival
The Dubai Film Market (DFM) and International Showbiz Expo (ISBE) 2015 are coming together to create the world’s first 360 degree entertainment industry event for the second consecutive year. It aims to promote the industry in fast-growing markets including the…
Iran sanctions on track for relaxation by end of 2015
International Atomic Energy Agency (IAEA) director general Yukio Amano has reaffirmed that he is on track to deliver the final report on Iran’s compliance with the Joint Comprehensive Plan of Action (JCPOA) by 15 December, raising hopes that US, UN…
International Bank of Qatar’s debt programme rated A+
Fitch Ratings has assigned International Bank of Qatar’s new $2bn euro medium-term note programme a long-term rating of A+ and Short-term rating of F1. The notes will be issued by IBQ Finance Limited in the Cayman Islands. IBQ Finance is…
Fitch Affirms Ras al-Khaimah at investment grade with stable outlook
Fitch Ratings has affirmed Ras al-Khaimah’s long-term foreign and local currency issuer default ratings (IDRs) at A. The outlooks are stable. The issue ratings on RAK Capital’s senior unsecured foreign currency bonds have also been affirmed at A. The short-term…
Emirates Airline’s revenue hit by dollar rise in first half
The Emirates Group revenue reached AED 46.1 billion ($12.6 billion) for the first six months of its 2015/16 financial year, down 2.3 per cent from AED 47.2 billion ($12.9 billion) during the same period last year, reflecting the impact of…
Abu Dhabi wins world travel market award
Abu Dhabi has won the city destination of the year award for the second consecutive year at the UK’s Travel Agents Choice Awards during London’s World Travel Market this week. Nearly 1,000 UK travel agents voted in the awards, which…
Dubai film festival announces young journalist programme
Eight shortlisted entrants looking to break into film journalism will be given first-hand experience, reporting on-the-ground at the 12th annual Dubai International Film Festival (DIFF) with the team from Gulf News tabloid. The shortlisted young journalists will receive access and…