Iran

May 26, 2014

Iran possesses the world’s second largest reserves of natural gas and the world’s fourth largest reserves of crude oil.
01:37 GMT

The country is currently exporting about 1.2 million barrels per day and has projected 1.5 million barrels of daily sales in the national budget for the year.

May 25, 2014

Winning a ban may prove difficult for Apple because Koh, who also presided over the companies' first US trial in 2012, twice rejected the iPhone-maker's request in that case, legal experts have said.
22:10 GMT

Apple, following a jury verdict that Samsung Electronics infringed three of its patents, is seeking a US sales ban on some older models of the South Korean company's smartphones.

May 24, 2014

Human rights group Amnesty International has criticized Iran for use of the death penalty in recent years (File/AFP)
13:57 GMT

A businessman convicted of embezzling $2.6 billion was hanged early on Saturday in Iran's biggest fraud case in the country's banking history.

May 21, 2014

“Today, the majority of people in the world trust the Iranian nation and praise this nation,” Ayatollah Khamenei said. (AFP/File)
19:00 GMT

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the Iranian nation has proved that it is possible to progress in social and scientific fields and have dignity without depending on the US.

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
04:55 GMT

The Bank has not lent any new money to Iran since 2005.

May 20, 2014

While Tehran has confirmed the visit, the emir's office has not yet done so publicly (File Archive/AFP)
17:00 GMT

Kuwait's top ruler will visit Iran for the first time at the end of this month, representing the latest sign that relations between Tehran and its Arab neighbors truly are thawing.

Ghazanfar Roknabadi is expected to leave his post this summer (File/AFP)
13:36 GMT

Iran's embassy confirmed that its current ambassador to Lebanon Ghazanfar Roknabadi will be replaced by a former economic advisor.

Lebanon is home to 900,000 Maronite Christians, making Cardinal Rai Bechara an influential figure in the country (File/AFP)
12:50 GMT

Head of Lebanon's Maronite church, Bechara Rai urged for closer ties with Iran in a meeting with the Iranian ambassador to Beirut.

Iran and the IAEA signed a joint statement in November 2013 about Iran's nuclear program. (AFP/File)
08:52 GMT

A delegation from the International Atomic Energy Agency is visiting Iran for talks on Iran's nuclear program.

May 19, 2014

He continued that expansion of this ICT would increase the public awareness and would cause a demand change, requiring broadband everywhere in the country.
22:42 GMT

“Iran has unique qualities to be the communication hub the Middle East and on the World Communication Day some projects will be unveiled to increase the international transfer between Iran and Europe.”

May 18, 2014

“Opportunity shouldn’t be missed again like in 2005,” Iran's Foreign Minister Mohammad Javad Zarif tweeted.
11:41 GMT

Iran’s Foreign Minister Mohammad Javad Zarif says a comprehensive nuclear deal between Iran and the six world powers is “possible” if the parties to the talks with the Islamic Republic do away with “illusions.”

May 17, 2014

In January, Saudi Foreign Minister Prince Saud al-Faisal invited Iranian officials to the Kingdom for talks (File/AFP)
13:43 GMT

Things in the Middle East hit rock bottom a few months ago. But, the Sunni and Shia divide will only improve when Iran and Saudi have stronger relations.

May 15, 2014

On March 1, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran's oil industry would head forward, with or without sanctions.
16:47 GMT

Iran has tried to bring more foreign companies into its energy sector since securing sanctions relief from a November interim agreement to temporarily curb its nuclear activities.

The U.S. and several European countries are keen to begin monitoring just where Hezbollah gets its money from. (AFP/File)
07:26 GMT

Sources close to the central command at Hezbollah say the party has begun to take budget-cutting measures due to the shortage of Iranian aid caused by the Islamic Republic’s tough economic situation.

May 14, 2014

Hagel arrived in Saudi Arabia Tuesday as part of his regional tour where he will adress pressing issues such as the conflict in Syria and Iran's nuclear negotiations with the West (Mandel Ngan/Pool/AFP)
13:56 GMT

The U.S. called on its Gulf ally Saudi Arabia Wednesday to "confront common threats" with Washington in the region, particular in terms of Iran.