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Economy

Iran's supreme leader is a wealthy man: experts

Iran's supreme leader is a wealthy man: experts

Reports reveal that Iran's claim that the Islamic republic's supreme leader Ali Khamenei is a man of simple means is vastly exaggerated.

Iran Air services decline as sanctions take effect

Iran Air services decline as sanctions take effect

The national carrier's increasingly dilapidated fleet is facing a range of challenges, from maintenance issues to problems refueling.

Iran smuggling oil in violation of sanctions

Iran smuggling oil in violation of sanctions

With revenue from oil exports plummeting amid sanctions, the Iranian regime has been illegally exporting oil to countries like Syria.

Sanctions take toll on Iran military funding

Sanctions take toll on Iran military funding

US and GCC sanctions have forced Iran to cut back its funding of regional proxies, which receive support despite Iran's economic woes.

Houthis’ manipulation of currency prices threatens stability in Yemen

Houthis’ manipulation of currency prices threatens stability in Yemen

The militia is allowing currency speculation, pushing Yemen's economy to the brink of collapse in order to serve Iran's political interests, economists say.

Arab banking sector complies with US sanctions

Arab banking sector complies with US sanctions

Regional banks have issued a number of directives that ensure transparency in the fight against terror financing and money laundering.

Yemen’s al-Riyan airport prepares to reopen

Yemen’s al-Riyan airport prepares to reopen

The airport, which was damaged by al-Qaeda and closed for four years, has been rehabilitated and will resume flights 'very soon'.

Iran diverts humanitarian aid to IRGC coffers: experts

Iran diverts humanitarian aid to IRGC coffers: experts

While Iranians affected by last month's devastating floods await assistance, the Iranian regime has been channelling donor money to the IRGC.

New sanctions on Hizbullah part of sustained campaign

New sanctions on Hizbullah part of sustained campaign

The US Treasury has further targeted the global business operations of Hizbullah by designating two individuals and three entities.

Gas shortages in Sanaa as black market thrives

Gas shortages in Sanaa as black market thrives

Fuel is not available for purchase at many gas stations, though it can be found in abundance on the Houthi-run black market, residents say.

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