Middle East News

Islamic bonds gained at half the pace of emerging-market debt in July. Fund managers say they may make up the lost ground as funds flow into developing nations and Dubai World restructures debt.

The Obama administration will urge China and other governments in Asia, the Middle East and South America to impose sanctions on Iran in a widening effort to persuade the regime to abandon any pursuit of nuclear weapons.

Iran Air , the state-owned flag carrier, plans to sell its first shares to the public and buy as many as 100 new aircraft to expand in the face of tighter international sanctions, the company’s chairman said.