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Rouhani says Iran ready to expand gas, power trade with Iraq

President Hassan Rouhani called on Saturday for Iran and neighboring Iraq to expand their gas and electricity dealings and boost bilateral trade to $20 billion, state TV reported, despite difficulties caused by U.S. sanctions against Tehran. “The plans to export electricity and gas and...

Algeria’s economic time bomb clock ticks even faster

Algerians need look no further than Egypt for a glimpse of how difficult any transition could be if they put off painful economic measures. In the four years after the 2011 ouster of President Hosni Mubarak, Egypt halved its foreign reserves while economic growth all but ground to a halt;...

Japanese court extends Carlos Ghosn custody until 14 April

Former Nissan boss Carlos Ghosn will remain in custody until at least April 14, a Japanese court ruled on Friday, as prosecutors quiz him over fresh allegations of financial misconduct. The Tokyo District Court said in a statement it had accepted a request from prosecutors to detain the...