Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini says the Islamic Republic welcomes the opportunity for Iranian companies to invest in economic activities in Nicaragua.

In a meeting with Nicaraguan Foreign Minister Samuel Santos Lopez on Tuesday, Hosseini said that Iran's government is not opposed to the participation of Iranian businessmen in appropriate economic opportunities in Nicaragua.

The Iranian minister noted that the economic ties between the two countries have unfortunately not expanded as much as bilateral political relations, which remain at a high...

Ahead of a new round of multifaceted talks between Iran and the six world powers (P5+1), a senior Iranian lawmaker says they must accept the Islamic Republic as a “nuclear reality” as Tehran will not stop in its path to progress.

“As a sovereign and resolute nation, Iran is striving to tread the path in order to make nuclear progress within the framework of the international laws and regulations in a rapid manner and will not allow any stop in its way,” Deputy Chairman of Iran Majlis Energy Committee Nasser Soudani said Monday.
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A London-based newspaper claims Turkey and China are helping Iran to evade UN sanctions by providing Tehran with banking facilities to purchase necessary commodities through indirect means.

According to an article published by The Telegraph on Tuesday, Iran's central bank is using a number of financial institutions in China and Turkey to fund the purchase of vital goods, thus to blunt the impact of the Western sanctions on the country’s financial sector.

Washington imposed new sanctions against Tehran on the New Year’s Eve to"...

The Information Affairs Authority President Shaikh Fawaz bin Mohammed Al Khalifa signed with the University of Bahrain’s Chancellor Dr. Ebrahim Mohammed Janahi a bilateral cooperation agreement for audio-visual media training and qualifications.
The agreement stipulated that the University of Bahrain cooperates with the Information Affairs Authority in setting up and implementing training programs aimed at developing the standards of media apparatus and qualification of technical and professional proficiency of media staff through a series of intensive training courses on radio, TV,...

The sanctions imposed on Islamic Republic of Iran is an illogical measure, Iranian Foreign Ministry Spokesman Ramin Mehmanparast said at the press briefing in Tehran this morning.

"It seems like because of the pressure from the West and the EU, some European countries have taken this course," spokesman said.

The EU formally imposed an oil embargo on Iran and agreed to a freeze on the assets of the Iranian Central Bank on January 23, but existing contracts will be honored until July 1.

Iran's Foreign Ministry on Feb. 15 summoned the ambassadors of EU countries. The ambassadors...

Tehran is considering extending its oil embargo to other European countries if hostile policies continue against Iran.

Iran official news agencies quoted the head of the state oil company Ahmad Qalehbani as saying that Iran would stop selling crude to nations who take action against Tehran.

The Iranian oil official warned that the stoppage was due because of hostile policies and those countries must bear responsibility for their action.

Countries effected by the embargo will be Spain, Holland, Greece, Germany, Italy, Portugal, following the already made embargo against...

The air defense maneuvers, entitled Sarallah, began in southern Iran on Monday, the public relations department of the Khatam-ol-Anbiya Air Defense Base has announced.

According to the statement, the maneuvers are meant to enhance the country's integrated network of air defense with a focus on modern defensive tactics.

The other purpose of the war games is to increase the country's preparedness in the face of military threats, particularly possible attacks on densely populated areas, sensitive and vulnerable centers, and nuclear facilities.

The exercises are also aimed at increasing...

The Islamic Revolution Guards Corps commander has said that any country that launches a war on Iran will be responsible for insecurity in the Strait of Hormuz.

"The Islamic Republic of Iran is safeguarding the security of the Strait of Hormuz, and the responsibility of undermining this security falls on invading countries," Major General Mohammad Ali Jafari said on Monday.

The IRGC commander had previously said that Iran has adopted the strategy of a "smart control of the Strait of Hormuz" in the face of oil sanctions and threats.

"Our strategy toward threats and sanctions...

HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani has called for adopting a post-oil strategy, suggesting that some of the oil returns should be invested in clean energy scientific research. '' This step should be one of the main priorities of GCC countries'', said HE the prime minister and foreign minister on his address before the inaugural session of the 2012 Doha Brookings Conference for Energy in Doha on Monday.

HE the Prime Minister further that it is not sufficient that each country works unilaterally on its clean energy plan, adding that despite...

Commander of Civil Defense Organization Gholamreza Jalali said on Sunday Iran manufactures 90 percent of its needed defense equipment.

He made the remarks in an interview with reporters on the sidelines of the First National Cyber Defense Conference in Tehran.

Jalali said Iran was a mere consumer of foreign-made weapons durin gpre-revolution era whereas it now manufacture 90 percent of its needed military hardware.

He said 'We cannot use software, hardware or protocols made by our enemies agains them, therefore we should have our own indigenized know-how for cyber defense.'.

“Iran...