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Iran, Pakistan agree to ditch dollar

ECONOMY

Iran, Pakistan agree to ditch dollar

The absence of a payment mechanism has been a key hurdle in trade ties between the two neighbors after the lifting of sanctions on the Islamic Republic

Will Saudi financial time bomb explode?

BUSINESS

Will Saudi financial time bomb explode?

The government has been drawing on its currency reserves, with the IMF estimating that the Saudis will run out of those reserves in five years and then go deeply into debt.