Country’s leaders remain defiant but citizens fear of impact on healthcare and currency Iranians are bracing for the full force of US sanctions due to hit on Monday as the Trump administration reimposes an embargo on oil, the most stringent set of puni…Read more
Bureaux de change close down to avoid queues after Tehran tries to stabilise exchange rateIran’s government is scrambling to contain a currency crisis after the rial hit an all-time low, prompting panic-buying of hard-to-find dollars amid political unc…Read more
Firm says closures continue despite lifting of sanctions after Iran nuclear deal and have continued since Trump’s inauguration
A UK law firm handling more than 60 complaints by Iranian nationals who have had their UK bank accounts closed allegedly because of their nationality has reported a continuation in such closures since Donald Trump assumed office.
Iranian nationals living legally in the UK often have to go to extra lengths when opening a bank account and many who already with one have complained about their accounts being abruptly closed. Some banks refuse to explain why, while others cite sanctions against Iran as the main reason.Read more
Middle East almost doubles weapons imports, as US and Europe remain the main suppliers and China joins top-tier exporters
The global transfer of major weapons systems rose over the past five years to the highest volume since the end of the cold war as the Middle East nearly doubled its imports, according to an annual report on arms sales.
The Stockholm International Peace Research Institute (Sipri) said on Monday that more weapons were delivered between 2012 and 2016 than any other five-year period since 1990. Saudi Arabia, which leads a military intervention in Yemen that has cost hundreds of civilian lives, was the world’s second largest importer after India, increasing its intake by 212%, mainly from the US and the UK.Read more