In this photo released by official website of the office of the Iranian Presidency, President Hassan Rouhani, center, attends an annual Islamic Unity Conference in Tehran, Iran, Saturday, Nov. 24, 2018. Rouhani has called Israel a "cancerous tumor" established by Western countries to advance their interests in the Middle East. (Iranian Presidency Office via AP)
President Hassan Rouhani, centre, attends an annual Islamic Unity Conference in Tehran, Iran, Saturday, Nov. 24, 2018. AP

Iran launches domestically made destroyer, state media says



Iran says it has launched a domestically built destroyer in the Arabian Gulf capable of traveling some five months without refuelling.

State TV on Saturday reported it took six years to build the 1,300-ton vessel named Sahand after a mountain in northern Iran.

The Sahand has a helicopter landing pad, is 96 metres (105 yards) long and can cruise at 25 knots.

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It is equipped with surface-to-surface and surface-to-air missiles as well as anti-aircraft batteries and sophisticated radar and radar evading capabilities, the report said.

Since 1992, Iran has been working to build a self-sufficient military, reportedly producing its own jet fighters, tanks, missiles and light submarines as well as torpedoes.

Iran added the first domestically made destroyer to its fleet in 2010 in the Persian Gulf. Reportedly Iran has five other destroyers.

Crazy Rich Asians

Director: Jon M Chu

Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan

Four stars

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

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Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

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Countries with largest unpaid bill for UN budget in 2019

USA – $1.055 billion

Brazil – $143 million

Argentina – $52 million

Mexico – $36 million

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Countries with largest unpaid bill for UN peacekeeping operations in 2019

USA – $2.38 billion

Brazil – $287 million

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France – $103 million

Ukraine – $100 million

 

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The years Ramadan fell in May

1987

1954

1921

1888

Iraq negotiating over Iran sanctions impact
  • US sanctions on Iran’s energy industry and exports took effect on Monday, November 5.
  • Washington issued formal waivers to eight buyers of Iranian oil, allowing them to continue limited imports. Iraq did not receive a waiver.
  • Iraq’s government is cooperating with the US to contain Iranian influence in the country, and increased Iraqi oil production is helping to make up for Iranian crude that sanctions are blocking from markets, US officials say.
  • Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, pumped last month at a record 4.78 million barrels a day, former Oil Minister Jabbar Al-Luaibi said on Oct. 20. Iraq exported 3.83 million barrels a day last month, according to tanker tracking and data from port agents.
  • Iraq has been working to restore production at its northern Kirkuk oil field. Kirkuk could add 200,000 barrels a day of oil to Iraq’s total output, Hook said.
  • The country stopped trucking Kirkuk oil to Iran about three weeks ago, in line with U.S. sanctions, according to four people with knowledge of the matter who asked not to be identified because they aren’t allowed to speak to media.
  • Oil exports from Iran, OPEC’s third-largest supplier, have slumped since President Donald Trump announced in May that he’d reimpose sanctions. Iran shipped about 1.76 million barrels a day in October out of 3.42 million in total production, data compiled by Bloomberg show.
  • Benchmark Brent crude fell 47 cents to $72.70 a barrel in London trading at 7:26 a.m. local time. U.S. West Texas Intermediate was 25 cents lower at $62.85 a barrel in New York. WTI held near the lowest level in seven months as concerns of a tightening market eased after the U.S. granted its waivers to buyers of Iranian crude.
Central Bank's push for a robust financial infrastructure
  • CBDC real-value pilot held with three partner institutions
  • Preparing buy now, pay later regulations
  • Preparing for the 2023 launch of the domestic card initiative
  • Phase one of the Financial Infrastructure Transformation (FiT) completed
Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

Company profile

Name: WallyGPT
Started: 2014
Founders: Saeid and Sami Hejazi
Based: Dubai
Sector: FinTech
Investment raised: $7.1 million
Number of staff: 20
Investment stage: Pre-seed round

Company profile

Company name: Tuhoon
Year started: June 2021
Co-founders: Fares Ghandour, Dr Naif Almutawa, Aymane Sennoussi
Based: Riyadh
Sector: health care
Size: 15 employees, $250,000 in revenue
Investment stage: seed
Investors: Wamda Capital, Nuwa Capital, angel investors