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A picture taken on July 2, 2012 shows Iranian Revolutionary Guards driving a speedboat in front of an oil tanker at the port of Bandar Abbas. (AFP PHOTO/ATTA KENARE)
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People walk past a branch of Iran’s Bank Mellat in Istanbul, Turkey on August 18, 2010. 2010. (Reuters/Murad Sezer)
Iranian bank sues UK government for $4bn over sanctions
London, Reuters—Iran’s largest private bank is suing the British government for almost 4 billion US dollars in damages after the UK’s Supreme Court quashed sanctions imposed against it over alleged links to Tehran’s nuclear program. Bank Mellat wants...Caption:
The reactor building of the Bushehr nuclear power plant is seen just outside the southern city of Bushehr, Iran. (AP Photo/Mehr News Agency, Majid Asgaripour, File)
Iran says Russia could build nuclear reactor in exchange for oil
Moscow, Reuters—Russia could build a second reactor at Iran’s Bushehr nuclear power plant in exchange for Iranian oil, the Iranian ambassador to Moscow said in remarks published on Monday. Russia could also supply Iran with trucks, railroad tracks,...Caption:
(Reuters/Raheb Homavandi)
IMF: Iranian economy weak but growing
London, Asharq Al-Awsat—The International Monetary Fund (IMF) published a report on Wednesday describing the Iranian economy as “weak” but said it was growing, at a time when signs of progress towards an agreement between Iran and the US and its allies over the...Caption:
Customers shop at a vegetable store in Tehran, Iran on January 6, 2012.
(Reuters/Raheb Homavandi)