The event was held today at the CAIT premises, and was attended by prominent representatives of the majority of the Kuwaiti governmental bodies. Kaspersky Lab executive committee attended the event, accompanied by a senior delegation of analysts and senior executives.

Stefan Tanase, Senior Security...

The plan to earn $83 billion from nonoil exports by the end of Fifth Five-Year Economic Development Plan (2010-15) is tied to establishing stability in the value of foreign exchange as well as regulations and rules, said a senior official of Trade Promotion Organization of Iran.

Kiumars Fathollah-Kermanshahi told IRNA on Saturday the aforesaid target is planned against $77 billion in imports and in line with the National Strategy for Imports and National Strategy for Promoting Exports.

He said nonoil exports had been targeted at $45 billion for the year to March 2012 the first...

A proposal to pay BD30 ($80) monthly allowance for each of the first four children under the age of 18 will be discussed by parliament at Tuesday's session.

Parliament's financial committee has already approved the proposal aiming to help Bahraini families provide their children with basic daily needs without resorting to loans, reports our sister paper Akhbar Al Khaleej.

Parliament's services committee also sanctioned a proposal enabling Bahrainis aged 40 and above to undergo full medical check-ups every five years.

The Health Ministry said it will implement the proposal through...

UAE Minister of Economy Sultan bin Saeed Al Mansouri recently headed the UAE delegation to the 45th meeting of the Gulf Cooperation Council Committee for Trade Cooperation, held in Riyadh.

Ministers discussed the common law to combat commercial fraud in the GCC, and the secretariat’s note on self-financing of the Centre for Commercial Arbitration of the GCC countries.

The meeting saw the recommendation to approve the adoption of the costs of the comprehensive study on the flow of goods to GCC states, in the event of the closure of the Strait of Hormuz, as recommended by undersecretaries...

A senior Iranian official says the country is set to improve its global ranking in the copper production industry to the world’s 7th in the current Iranian year (started March 20).

“This year, with the expansion of exploration activities, re-opening of mines and the outlook for discovering 21 million tons of pure copper reserves in the country, Iran's copper industry will improve by two notches to stand as the world’s number 7 in the field,” said Ali Akbar Mehrabian, a special assistant to the Iranian President Mahmoud Ahmadinejad,"...

The Iranian minister of economic affairs and finance says US and European Union sanctions will only harm the financial recovery of the West as any reduction in Iran’s oil exports will result in a hike in global gasoline prices.

"The sanctions have created a lot of disturbances for us, but we have overcome those challenges and difficulties, and are making up for what was lacking,” Shamseddin Hosseini said in an interview with The Wall Street Journal on Friday.

He added that the US and its allies are underestimating a decade of"...