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...

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"...

Japan is likely to win an exemption from US sanctions by reducing its imports of crude oil from Iran by at least 11 percent per year, media reports said on Tuesday.

Japan media outlets including the Yomiuri newspaper, citing unnamed sources reported that the two countries reached an agreement at talks last week, with a formal deal expected by the end of this month.

The United States, angry over Iran's nuclear program, wants Japan, to cut back on Iranian imports.

Japan is the third-biggest customer for Iranian oil. It needs to import more oil in the wake of the Fukushima nuclear...

The Supreme Education Council of Qatar (SEC Qatar) has revealed its plan to provide computer training to 5,000 teachers and administrators in independent schools in Qatar over the next two years. This is in line with SEC's commitment to develop the academic and learning community by providing opportunities to stay updated with the latest trends in the IT sector, thus serving as a crucial move to achieve comprehensive development in the country.

The move is also part of the strategic partnership between SEC and ICDL GCC Foundation, to enhance IT skills and promote the safe use of computers...

Iran exported over $4 billion worth of technical and engineering services in the first 11 months of the current calendar year (ends on February 19), marking a 46 percent increase on figures for the same period last year. According to an IRNA news agency report quoting the Deputy Director of the Trade Promotion Organization of Iran (TPOI) Kiyumars Fathollah Kermanshahi, the exported services are predominantly in the hydroelectric, power and transmission sectors.

Another TPOI official said in December 2011 that a couple of technical and engineering projects have been signed off to be...

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...

Alara Resources (ASX:AUQ) has announced a maiden JORC Resource of 26.4 million tonnes at 3.9% zinc and 0.12% copper along with 7 million tonnes at 0.8% copper at its Khnaiguiyah Zinc-Copper Project in Saudi Arabia.

The company said the resource could underpin a 1 to 1.5 million tonne per annum throughput zinc and copper mine for at least 10 years.

Further upside is expected from drilling activity that was carried out after the cut-off date for completion of this estimate.

This has extended mineralisation for Zone 1 by 600 metres. This extension is about 100 metres wide, 10...

This amount has been allotted to provide an ultimate environment for industrial investments in accordance to the best standards and technical specifications.

"The development projects include the development of Sumail Industrial Estate, which is expected to begin in the first half of the current year, at a cost estimated at OR30m. Besides, the development projects of Raysut Industrial Estate (OR3.5m), Nizwa Industrial Estate (more than OR4m), in addition to the implementation of the Ring Road for the Knowledge Oasis Muscat (KOM) with all the necessary facilities to complete the provision...

Borouge, provider of innovative, value creating plastics solutions, introduced its latest polyolefin materials for major pipe applications at the 14th Middle East Corrosion Conference and Exhibition held on February 12-15, 2012 in Manama, Kingdom of Bahrain. Participating as a silver sponsor of the event, Borouge delivered three presentations highlighting Borouge's solutions provided to all kinds of pipe systems that are made of non-corrosive materials.

Organized by the Bahrain Society of Engineers and NACE International, the Middle East Corrosion Conference is one of the world's largest...

In addition to our online resources and to FXCM’s prominent DailyFX website, which offers up to the minute market news and analysis as well as online courses, FXCM MENA is now organizing a series of live educational seminars for traders in the region.

This educational program was successfully launched in Beirut in November 2011, with attendance exceeding expectations and excellent reviews from attendees.

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