Bahrain sentences to prison suspects in money laundering cases related to Iran

Bahrain sentenced to prison three suspects in the Future Bank case, and fined them more than 9 million dollars. The case came to light after the general prosecution revealed in February that some seven billion dollars have disappeared from Future Bank’s records and were used to finance Iranian groups

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Iran looms large in Central Asia despite sanctions

Saudi Arabia may have gotten more than it bargained for when authorities in Khujand, Tajikistan’s second-largest city, ordered that the city’s largest and most popular mosque be converted into a cinema. The order followed the closure of some 2,000 mosques in the country in the last three years, and the arrest last month of scores of Muslim clerics and teachers, many of whom were accused of being members of the Muslim Brotherhood, a group that is banned in both Tajikistan and the Saudi kingdom

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Iran is preparing for an oil export boom

In the current straitened sanctions period, Iran’s focus in its oil sector is broadly to increase the capacity of its fields in West Karoun and from the huge fields that it shares with Iraq. This strategy allows it firstly to generate income even in the low price oil environment – its US$1-2 per barrel lifting cost is the same as Saudi Arabia’s

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