Brokerage Renaissance Capital predicts $1 billion will flow into Iran in the first year after sanctions end, although that is not likely to happen for months and may not occur in one go.
Brokerage Renaissance Capital predicts $1 billion will flow into Iran in the first year after sanctions end, although that is not likely to happen for months and may not occur in one go.
The stock market will remain closed until further notice.
India also represented the G77 countries and along with China, it reflected a strong and shared stand on the issues of international tax architecture where it disagreed with the Organisation for Economic Cooperative and Development.
American firms stand to lose out to European and Asian companies as US sanctions not related to the nuclear programme will still be in place and bar most American companies from doing business with Iran.
The jump in retail sales during 'Eid in Dubai' comes at a time when malls and souqs across Dubai have launched special offers and promotions.
The decree to re-open the banks came hours after new ministers were sworn in following a cabinet reshuffle in which Tsipras replaced dissident members of his ruling Syriza party
The twin developments capped a week in which the proposed bailout agreed by the 19 eurozone leaders on Monday has cleared a string of hurdles.
Tsipras wins backing of Greek parliament for a tougher bailout programme.
The financing of budget deficit indicates that the government did not resort to inflationary borrowing from SBP; instead, it retired a huge sum of Rs674.4 billion (on cash basis) during Jul-Mar FY15.
Garbis Iradian, chief economist at the Institute of International Finance, or IIF, is of the view that within the Middle East region, Lebanon and the UAE would benefit from the economic rebound in Iran.