There has been a lot of talk in Washington about the hostile relations between Russia and Iran and things going further haywire. But the current geopolitical and business alliances sketch a different perspective. The February visit to Tehran of Russia’s first deputy prime minister, Igor Shuvalov, concentrated on continuing negotiations for a free trade zone…

Weaker oil prices present a serious challenge to the growth outlook for the GCC region, which was already facing economic concerns. However, serious fiscal reform should see the region avoid recession, according to a new ICAEW report, Economic Insight: Middle East Q1 2016. “Sustained low oil prices will erode existing buffers like subsidies in oil-rich…