Iran and Saudi Arabia break diplomatic ties

After the execution of a prominent Shiite cleric on Saturday by Saudi Arabian officials, it seems that despite the passage of the landmark nuclear deal with the West, Iran’s Arab neighbors are cutting themselves off diplomatically and maybe, economically. After major protests in Tehran after the cleric Nemer al-Nemer’s execution, where crowds burned the Saudi…

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Russian, Iranian leaders meet, agree on Syria

Russian and Iranian leaders agreed to boost cooperation in a number of sectors during a meeting on the sidelines to of the Gas-Exporting Countries Forum that took place on November 23. Russian President Vladimir Putin and Iranian Supreme Leader Ayatollah Ali Khamenei held a press conference after the meeting, during which they commented on their countries’…

Russia concludes deal with Iran for missile defense system

RIA Novosti reported that Russia has concluded a deal with Iran for the sale of long-range missile systems. Russian-owned Rostec chief executive Sergei Chemezov was quoted at the Dubai Airshow stating that the deal for the S-300 surface-to-air missile defense system was already signed. Observers note that the contract has the potential to alter the…

Iran invited to participate in Syria talks for the first time

The U.S. and its allies have invited Iran to participate in international talks over Syria’s future, potentially indicating a shift in its strategy related to the Iranian nuclear program. The next talks are planned for Thursday in Vienna where Secretary of State John Kerry, Foreign Minister of Russia, Sergei Lavrov and top European and Arab diplomats are…

Iran Issues $300 Million in State Treasury Bills

Iran announced that it will issue $300 million in state treasury bills, an Iranian alternative to sovereign debt that is sharia-law compliant. The bills are being issued well below their market value for the time being and are seen as a means of gauging interest in the opening Iranian market. The Iranian government has previously…