IMF: Iran Inflation Could Reach 40 Percent Amid Sanctions

Iran’s economy is expected to shrink by six percent this year and inflation could reach 40 percent, the International Monetary Fund (IMF) forecasts, as the country copes with the impact of tighter U.S. sanctions.

Gold worth billions smuggled out of Africa

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found.

Report: Israel used special missile in Syria attack

For the first time, Israel fired advanced Rampage stand-off air-to-surface missiles against Syria in order to overcome the advanced Russian-made S-300 interceptor, foreign media reported on Wednesday.

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