After the Saudis cut their diplomatic ties with Iran, they tried to bring on board all fellow Arab countries on the Persian Gulf in putting pressure on Iran, both economically and politically. The efforts of the Saudis do not seem to have produced results. Masoud Daneshmand, the chairman of Iran-UAE Joint Chamber of Commerce, in an interview with ...

Four million tons of food and medicines are strandedin Iranian customs because of disagreements between the central bank and the Commerce Ministry over access to a preferential currency exchange rate for importers of essential goods, local media reported. The central bank is legally bound to allocate dollars at a cheaper rate for importers of goods ...