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US Democratic congressman Brad Sherman has told the House Committee on Foreign Affairs that the UAE remains a “transhipment and diversion hub” and does “not effectively control exports to Iran and other countries of proliferation”.

Although the aftershocks of Iraq’s post-Saddam brush with state failure continue to be felt across the country, Iraqis are moving on to new concerns – including a growing apprehension about the actions of its powerful neighbours

Iran is aiming to become self-sufficient in oil within four years, oil minister Masoud Mir-Kazemi announced during the inaugural ceremony of Morvarid Petrochemical Complex and Pardis Petrochemical

Underlining the impact of US-led campaigns on economic life in the Islamic Republic, BP has halted fuel supplies to Iranian airliners landing at any location following fresh US sanctions against the energy sector. Iranian officials had earlier accused the UK, Germany and

Russian energy minister Sergei Shmatko has ruled out reducing energy trade with Iran despite the sanctions imposed by the United Nations, United States and European Union. Speaking in Moscow on 14 July, Shmatko hinted that Russian energy companies could fill the gap created by the withdrawal of many western firms from the Iranian market,

A new head will have to be appointed to US Central Command (Centcom). In the interim, deputy Centcom commander and US Marine Corps Lieutenant General John Allen will serve as acting

UN and US sanctions are targeting the financial sector, but the few bankers still doing business with Iran seem determined to maintain trade finance flows

The report said Bank Mellat was selling the bonds on behalf of Pars Oil and Gas Company (POGC), which is developing South Pars phases 15-18. The issue carries a guarantee from the state National Iranian Oil Company (NIOC).

The US State Department’s tenth annual Trafficking in Persons report has been released. It details countries’ progress in combating trafficking

One year on from the mass protests which threatened to overthrow the regime, a new round of UN sanctions will attempt to tighten the screw on Iran’s stuttering economy, but so far President Mahmoud Ahmadinejad’s government has brutally seen off all challenges

The Omani Shura Council speaker, Ahmed Bin Mohammed Al-Essaei, is due to pay an official

Iran appears to be ramping up its campaign to convince western observers of its new level of air defence amid growing fears that a military strike – most likely from Israel – is not far off

If Iran acquires an advanced, ‘double-digit’ surface-to-air missile (SAM) from Russia or China, the only aircraft capable of operating safely within its airspace would be the Lockheed Martin F-22 Raptor.

Entekhab Industrial Group in mid-April was named as the buyer for Daewoo Electronics in a deal thought to be worth some $540m. Entekhab and Swedish firm Electrolux AB on 24 March were named top bidders for Daewoo Electronics,

A three-day military exercise by the Islamic Revolutionary Guard Corp (IRGC) ground, air and naval units, which began on 22 April, was intended to test a range of Iranian-built missiles and other equipment.