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Saudi shares at lowest level since 2011

BUSINESS

Saudi shares at lowest level since 2011

The Saudi stock market has been hit by fears that the government could introduce more austerity measures to curb a big budget deficit caused by low oil prices.

Iran offers 13-year tax break to hoteliers

ECONOMY

Iran offers 13-year tax break to hoteliers

Iran’s Deputy Economy Minister Mohammad Khazaei says investors in the country’s hotel industry will be given a tax break of 13 years in what appears to be part of a plan to boost Iran’s tourism industry.

Trump regains lead over Clinton: Poll

POLITICS

Trump regains lead over Clinton: Poll

US Republican presidential nominee Donald Trump has regained the lead over his Democratic rival Hillary Clinton, according to a new poll.

Germany eyeing €3bn investment in Iran

ECONOMY

Germany eyeing €3bn investment in Iran

Ali Majedi, Iran’s ambassador to Germany, says a consortium of six German banks plan to fund a total investment of €3 billion by the country’s industries in the Islamic Republic.