UK cracks down on London entity belonging to Iranian oil tycoon Commodities The British government has targeted a London-based entity of Iranian oil trading empire led by Hossein Shamkhani, as it steps up efforts to stop those sidestepping oil-trading restrictions. Bloomberg revealed last month the role Shamkhani plays in Iranian and Russian oil trading. Shamkhani’s father, Ali, served as a naval commander for the Islamic Revolutionary Guard [...]
Centamin set for £1.9bn takeover by gold mining giant Anglogold Ashanti Business The South African gold mining giant said Centamin was a "compelling strategic fit", highlighting the firm's Sukari mine in Egypt.