10 BUSINESS Saturday, April 22, 2017 Saturday, April 22, 2016 11 President Hassan Rouhani very president since the early 1980s has won a second term, and Rouhani hasE done much to maintain his alliance of moderates and reformists -- stabilising Mike Pence the economy and signing a landmark nuclear deal with world powers that ended many sanctions and promised a fresh start with the international community. But many Iranians feel the promised windfall announces of the nuclear deal has not materialised, while conservatives argue that Rouhani, a 68-year-old cleric who has been at the heart of the revolutionary establishment for decades, was duped by the West. $10 billion Ebrahim Raisi he 56-year-old hardline judge and cleric is a close ally of supreme leader AyatollahT Ali Khamenei, who appointed him to run the powerful Astan Qods Razavi charitable foundation last year. Raisi has in deals on Tehran little political experience, but has spent ormer Iranian leader Mahmoud decades in powerful judicial and backroom Ahmadinejad was barred from positions, including as Iran’s prosecutor- Frunning in next month’s election general. Thursday while President Hassan Indonesia trip Rouhani was among six candidates approved by Iran’s conservative- Mohammad Bagher Ghalibaf US Vice President Mike Pence (L) and his wife controlled Guardian Council, state media Karen wave as they arrive at Sydney airport reported. here’s been a lot of will-he-won’t-he COUNTRY/CURRENCIES BUY SELL The other candidates selected were Tabout the 55-year-old Tehran mayor Jakarta liquefied natural gas to had “very candidly and very a notoriously difficult hardliners Ebrahim Raisi and Mostafa this year, but he registered at the last minute AUSTRALIA 0.2955 0.2931 S Vice President Mike Indonesian state-owned respectfully” discussed how place to do business due Mirsalim, Tehran mayor Mohammad for his third run at the presidency. A war BANGLADESH 0.004982 0.004733 Pence announced $10 energy company Pertamina, to improve market access for to nationalistic policies, Bagher Ghalibaf, moderate Mostafa veteran, former Revolutionary Guards CANADA 0.2883 0.2852 billionU in deals between General Electric will provide US firms in Indonesia when complex bureaucracy and Hashemitaba and Rouhani’s ally and commander and police chief, he is a DENMARK 0.0579 American and Indonesian technology for Indonesian they held talks. problems with corruption, vice-president Eshaq Jahangiri. staunch conservative. He was runner-up to EGYPT 0.0245 0.0215 Former hardline president Rouhani last time, having lost momentum EURO 0.4132 0.4111 companies during a visit power plants, while Lockheed He said earlier on the visit and foreign firms have often Ahmadinejad, who ruled from 2005 to after boasting of beating students with a HONGKONG 0.04983 0.04943 to Jakarta yesterday, as he Martin will provide new that Washington wanted to run into trouble. INDIA 0.00582 0.00593 pushed for greater access weapons systems for F-16 “break down barriers” for The latest example of a US 2013, was barred along with his close ally stick during protests in 1999. INDONESIA 0.00002997 0.00002900 to Southeast Asia’s top fighter jets. exporters seeking to enter the company facing problems is a Hamid Baghaie. IRAN TUMAN 0.000323 economy. During the visit to Indonesian market. row between the government Ahmadinejad shocked everyone Eshaq Jahangiri IRAQI DINAR 0.000311 Eleven deals were Indonesia, his latest stop on Indonesia has long been and mining giant Freeport- by registering as a candidate last week JAPAN 0.00355 0.00348 signed. Energy firm an Asia tour, Pence has been targeted by foreign investors, McMoRan, which runs a against the advice of supreme leader ouhani’s first vice-president and JORDAN 0.5346 0.5351 Exxon Mobil, General pushing to help US firms as it has enjoyed robust huge gold and copper mine Ayatollah Ali Khamenei -- a move which Rconfidante was a surprise entry at the KOREA 0.00038912 Electric, and aerospace who want to do business in growth in recent years, in Indonesia, after authorities many described as political suicide. last minute. It is assumed he is running KUWAIT 1.244 1.244 giant Lockheed Martin Indonesia -- one of several driven by exports of its key demanded they obtain a new More than 1,600 candidates registered to back up Rouhani in the pre-election MALAYSIA 0.0879 0.0874 to run in the May 19 election, but the debates and he said at his registration that were among the American countries targeted by Donald commodities even as many licence to operate. Iranian President Hassan Rouhani registers to run NEW ZEALAND 0.0269 0.3270 Guardian Council only ever selects he stood “side-by-side” with the president. companies involved in the Trump’s administration for developed countries have Pence departed Indonesia for re-election at the interior ministry in the capital NORWAY 0.0463 agreements. running a trade surplus with struggled. Friday for the next stop on around half a dozen. Alternatively, the 60-year-old reformist NEPAL 0.00383329 0.00363790 Tehran on April 14, 2017. “These deals represent the US. The country of 255 million his tour, Australia. He has More than 130 women registered but could be trying to raise his profile ahead of OMAN 0.97962 0.98262 none has ever been allowed to stand. his own bid in 2021. PAKISTAN 0.00365245 0.00359372 the tremendous excitement During a meeting at a people is home to a rapidly already visited South Korea “In Iran, it’s not only an election, it’s PHILIPPINES 0.00776 0.00753 that American companies Jakarta hotel Friday where the growing middle class and an and Japan on a trip that is QATAR 0.10381 0.10376 feel about opportunities in deals were announced, Pence army of consumers whose aimed at smoothing some of also a selection,” said Clement Therme, SAUDI ARABIA 0.10058 0.10066 Indonesia,” said Pence. told business leaders that he spending power is increasing. the rougher edges of Trump’s Iran research fellow for the International Mostafa Mirsalim SINGAPORE 0.2746 0.2726 Exxon Mobil will sell and President Joko Widodo But Indonesia can be rhetoric. (AFP) Institute for Strategic Studies. he 71-year-old is a former engineer SOUTH AFRICA 0.0309 0.0308 Tand national police chief, and is a SRI LANKA 0.00272632 0.00248855 Campaign starts now member of the Islamic Coalition Party, one SWEDISH 0.0457 Although campaigning was not due of the oldest conservative factions that has SWITZERLAND 0.3868 0.3843 Washington to start until April 28, the Guardian been somewhat sidelined in recent years. SYRIA 0.00174 0.00174 he US Federal Reserve on Council announced that it could begin Mirsalim was culture minister in the TAIWAN 0.0127 US fines TThursday ordered German banking immediately. early 1990s and was known for dramatically THAILAND 0.01114 0.01114 giant Deutsche Bank to pay more than $150 Rouhani, a politically moderate cleric, increasing censorship, banning Western TURKEY 0.10934 million in civil fines for bad foreign-exchange has won praise since his landslide win in films and music and shutting down UNITED KINGDOM 0.4769 0.4739 practices and lax oversight. 2013 for taming inflation and reaching a opposition newspapers. UNITED ARAB EMIRATES 0.10281 0.10281 Deutsche Deutsche Bank’s US unit must pay $136.9 groundbreaking nuclear deal with world Former Iranian pres- UNITED STATES OF AMERICA 0.37780 0.37800 powers that ended many sanctions. YUAN 0.0567 0.0567 million for “unsafe and unsound practices” ident Mahmoud in the foreign-exchange markets, the Fed, But disappointment over Iran’s Ahmadinejad (C) Rates are for indication purpose only. For firm rates or for currencies not listed above please which regulates the US banking sector, said continued economic stagnation is fills out a form Mostafa Hashemitaba call Bahrain Financing Company. Telephone: 17228888, Website: www.bfc.com.bh Bank in a statement. palpable on the streets, creating an at the Interior ashemitaba, 71, has a mixed record The firm “failed to detect and address opening for conservative opponents. Ministry’s election Hpolitically, having been a member that its traders used electronic chatrooms to Unemployment is stuck at 12 headquarters of the relatively pro-reform Construction $150m communicate with competitors about their percent, the promised billions in foreign Party and supporting reformist candidates trading positions,” the central bank said. investment have not materialised, and in the contested 2009 election, but also The Fed also imposed a $19.7 million Rouhani has failed to release political Donald Trump, who has slapped new is seen as a close ally of -- and possible voicing his support for the closure of fine on the firm for failure to maintain prisoners, including reformist leaders sanctions on Iran and threatened to successor to -- supreme leader Ayatollah newspapers and clampdown on dissidents COUNTRY 1 US DLR 1 UK STG 1 SFR 100 YEN an adequate compliance program for the under house arrest for their part in 2009 tear up the nuclear deal, has bolstered Ali Khamenei. in the early 2000s. BAHRAIN 0.3770 0.4699 0.3732 0.3316 Volcker rule, which prohibits banks from protests. conservative claims that Rouhani’s He has served under several “The problem has been the nature outreach to the West has been misguided. No live debate administrations, first as industry minister KUWAIT 0.2855 32.4614 0.2826 0.2511 making certain kinds of investments with their own accounts. of Rouhani’s economic agenda. His The conservatives are divided, but Raisi Iran’s election commission ruled on in the early 1980s and later as a vice- OMAN 0.3849 0.3888 0.3810 0.3385 It ordered Deutsche Bank, by far the largest administration has a discourse of social has garnered considerable momentum.