Page 10 - MEOG Week 24
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an abortive coup in July 2016”, according to a short commentary issued with the ranking.
Last year, Turkey’s interior ministry said it had identi ed 346 social media accounts car- rying posts about the exchange rate that it said created a negative perception of the economy, Reuters reported. It said it would take legal meas- ures against them but did not specify what these would be.
In late March, Turkey’s banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received a er the lira plunged more than 4% in
one day and the main share index fell sharply. e BDDK watchdog said it received com- plaints that a report JP Morgan published hurt the reputation of Turkish banks and triggered volatility in financial markets. The required “administrative and judicial processes” would
be followed, it said.
at the same time that the BDDK made its
move, the capital Markets Board of Turkey (SPK) also said it had launched a probe. e SPK said it had complaints that a JP Morgan report was “misleading” and caused speculation on the Istanbul bourse.
Iran to stick with Zanganeh as deal signed with Russia
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DESPITE calls for his resignation from MP Hedayatollah Khademi, the Iranian government has said it has no intention of removing Oil Min- ister Bijan Zanganeh from his post.
Government spokesman ali Rabiei was quoted by the ISNa media outlet as say- ing: “ ere is no change in the government’s work programme. Zanganeh has always been active and is one of the key ministers of the government.”
Rabiei added: “Zanganeh’s name has always been mentioned for impeachment but I hope [he] continues his role in the government. Zan- ganeh’s role at this time is important and parlia- mentarians have to help.”
Khademi had said in May that he was gather- ing signatures in the Majlis (parliament) backing a motion to remove Zanganeh from his position in light of his perceived failures amid US sanc- tions on the sale of Iranian crude.
Zanganeh, President Hassan Rouhani and Foreign Minister Javad Zarif have come under
fire from Iranian hardliners for not taking a tougher stance in negotiations with the so-called P5+1.
While the nger of blame has been pointed in Iran’s direction over the past week in regard to attacks on tankers in the Gulf of Oman, respite came by way of a memorandum of understand- ing (MoU) signed with Russia on June 17.
The vague agreement came following the third meeting of the Iran-Russia Energy Work- ing Group in Tehran and was signed by Iran’s deputy petroleum minister for international a airs and trading, amir Hossein Zamaninia, and Russia’s deputy energy minister, anatoly Yanovsky.
a ra of broad agreements remain in place for Russian rms to take the lead on building out Iran’s energy sector, and last week MEOG reported that despite an apparent cooling o amid sustained US pressure, Gazprom is still keen to develop the changooleh and cheshmeh Khosh oil elds.
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w w w . N E W S B A S E . c o m Week 24 18•June•2019
