Iran has rejected the International Energy Agency's report, which says that the country has stored up to 30 million barrels of unsold crude oil in oil tankers in the Persian Gulf.

National Iranian Oil Company's director for International Affairs Mohsen Qamsari told Mehr News Agency that there is no stored oil without customer in Iranian tankers. The official said that 12 new tankers, which have been recently purchased by the Iranian tanker fleet, will not be used to store crude oil.

Iran's oil production remained steady at 3.3 million barrels a day in April, but 15%- 25% of that oil...

The Iranian Deputy Minister of Industry, Mine and Trade Vajihollah Jafari says Iran's non-oil exports has exceeded USD 45 billion in the past Iranian year (started March 20, 2011).

Jafari made the comments during a visit to an international aluminum fair in the central city of Arak on Tuesday.

He added that Tehran plans to export as much as USD 70-billion worth of non-oil products in the current Iranian year.

“The exports of mine and industrial products in the past [Iranian] year exceeded USD 12.5 billion, which represents a 42-percent"...

Regulatory News:

Cards & Digital ID World Middle East

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces that Al Bilad Bank, a Shariah-based financial organization, is deploying the Dexxis Instant Issuance solution for EMV payment cards in over 120 branches throughout Saudi Arabia. Gemalto delivered"......

Effective May 1st, 2012, GlobalCollect, the world’s premier payment service provider of local e-payments, announces the appointment of Pier Iberti as Global Market Director Retail, and Nathan Salisbury as Global Market Director Gaming. Their appointment is the next step in GlobalCollect’s global vertical market strategy to focus sales, product innovation and marketing on key growth industries for eCommerce. Both Global Market Directors are business leaders and have an excellent track record in thought leadership"...

NEC Corporation (NEC; TSE: 6701) and NetCracker Technology, a wholly owned subsidiary of NEC, jointly announced today that they have completed the acquisition of Convergys Corporation’s Information Management business. The transaction covers all of IM’s business, including Smart Revenue Solutions, across different verticals, including communications, utilities, and logistics. The Convergys IM business has enabled service providers around the world to transform their BSS with innovative billing, customer care, and"...

Photonix 2012 FINETECH JAPAN 2012 FilmTech JAPAN 2012 PLASTIC JAPAN 2012 FOE 2012

Photonix 2012 took place from April 11 to 13 in Tokyo, representing the Asia's photonics industry. In each field such as communications, PV, secondary battery, electronics where applications of laser & optics technologies are expanding, the Japanese & Asian market is becoming more and more important. Now that the global photonics industry considers Asia as a priority area, Photonix is expected to grow into a larger and more international business platform, chosen as the base to target the market.

......

Bushehr, Iran's nuclear power plant, will start commercial energy production by the end of 2012, the plant's designer said. "We want to put it (into commercial production) at the end of this year. We plan to complete the main work concerning machinery testing this year but the necessary documents are likely to be signed next year," Valery Limarenko said Monday.

Atomstroyexport, part of Russia's civilian nuclear power corporation Rosatom, said in early May that Bushehr would start working up to full capacity from May 23.

Under"...

Iran says banks, insurance firms and telecommunications companies will be barred from working with customers who send e-mails from foreign e-mail addresses.

Under a new regulation reported by Iranian newspaper Asr Ertebatat, individual e-mail addresses used within the country will have to end with iran.ir, post.ir, and chmail.ir.

Dutch-based Telecompaper said Monday the regulation effectively bans correspondence with individuals using Gmail, Hotmail or other foreign e-mail providers.

Asr Ertebatat said governmental organizations will only be allowed to use addresses ending...

Iran will commission nine new power stations by the end of the fifth calendar month of Mordad (August 21), adding 1.45 gigawatts (GW) to the country’s power output, the IRNA News Agency quoted Iran Power Development Company Managing Director Majid Salehi as saying.

Deputy energy minister Mohammad Behzad had said in April that the energy ministry would roll out power projects that would increase Iran’s electricity generation capacity by 5GW this calendar year. He added that over 10GW should be added to the generation capacity of hydroelectric and thermal power plants by...

Kinetic Concepts, Inc. announced today that James (Jim) Cunniff has been named Senior Vice President of the Americas.

As Senior Vice President, Cunniff will be responsible for commercial activities in North and South America which includes Canada, the U.S. and Latin America. He will continue the focus of the Americas on new product growth, customer service and expansion in key geographies.

Cunniff has over 20 years of experience in the healthcare industry. He"......