Monday 25 May 2015
 
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Iran

Iran to build aluminium project in Arvand zone

Iran plans to build a new aluminium project at the Arvand Free Zone to aid in developing its economy, Akbar Torkan, Iran’s senior presidential advisor was quoted as saying by a local newspaper. The new factory’s produc

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Iran may abolish fuel subsidies in bid to cut spending

Iran is likely to abolish subsidised fuel allowances for motorists, an Oil Ministry adviser said on Saturday, in a move that will cut state spending but could also drive inflation and cause protests. The government is trying to cu

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Syria eyes new $1bn credit line from Iran

Syria hopes to receive a new credit line from Iran worth around $1 billion which it will use to buy basic goods, an assistant to Syria's minister of economy and foreign trade said on Wednesday. The comments come a day after Al

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Iran drives harder bargain in Indian trade talks

Iranian trade negotiators have become more assertive with Indian counterparts as hopes rise of international sanctions on Tehran easing later this year, sources said, and Indian companies fear they may lose business as more countries bid for p

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Iran, Japan plan joint agricultural project

Iran and Japan International Cooperation Agency (Jica) are planning to implement joint agricultural projects in the country, a senior official said. Hooman Fathi, a senior official at Agriculture Jihad Ministry recently met and re

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Iran flexes muscles in Strait of Hormuz

Iran is using its sea power in the Gulf to show it will not be cowed by Washington's newly assertive Arab allies, prompting critics to accuse Tehran of destabilising the region. Iranian ships fired shots at a Singapore-flagged

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Iran eyes oil exports back to pre-sanctions level

Iran hopes its crude oil exports will return to pre-sanctions levels within three months once a deal with major powers to lift an oil embargo is finalised, Iran's deputy oil minister said on Monday. "We hope we can come b

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Saudi 'may buy nuclear arms from Pakistan'

Saudi Arabia has taken a ‘strategic decision’ to acquire nuclear weapons from Pakistan, senior US officials told the Sunday Times. Sunni Arab states are increasingly concerned over a deal with Iran backed by U

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Iranian leader warns GCC over region's security

Iran will help oppressed people in the region, Supreme Leader Ayatollah Ali Khamenei said on Saturday, days after Gulf Arab leaders met US President Barack Obama and expressed concern about Iranian expansionism. Khamenei also deno

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Bahrain hopes Iran nuke deal will end interference

Bahrain has expressed hope that the framework agreement between the p5+1 and Iran will lead to a significant change in Iran's policy regarding non-interference in the internal affairs of countries in the region. This came as H

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