Iran: Bank Markazi considers four zeros redenomination of rial

Bank Markazi (Central Bank of Iran) has put forward a proposal to revalue the embattled currency, removing four zeros from the rial. The idea was proposed by governor Abdonnaser Hemmati on 6 January and will require parliamentary approval. It could take up to two years to finalise and will necessitate replacing all the bank notes currently in circulation. 10th January 2019, Issue 1,072. Read more

Bahrain's Economic Performance

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Gulf boundaries and hydrocarbons infrastructure

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The Gulf region: economy and society

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Iraqi Kurdistan hydrocarbons infrastructure map

Revised in January 2015, this map provides a detailed overview of hydrocarbons infrastructure in the Kurdistan area of Iraq.

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Region: Azerbaijan cultivates range of relations

Azerbaijan’s capital Baku played host to another group of visiting Gulf officials on 18 March as a Saudi delegation led by...

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Progress in Hodeidah but warnings of trouble elsewhere in Yemen

In United Nations-backed talks in Hodeidah in mid-February, a detailed programme of action was agreed to implement a Houthi withdrawal from the port city – the first of the three areas of agreement at the Stockholm peace conference in December. The plan should allow a resumption of humanitarian operations at the port under UN supervision – a critical step if the famine sweeping Yemen is to be tackled – but progress remains painfully slow and Hodeidah remains just one part of a complex arena.

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Khashoggi’s ghost still haunts Saudi policy in Yemen and MBS at home

Try as it might, Saudi Arabia can’t put the murder of Jamal Khashoggi behind it. Four months after the brutal killing in...

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