August 28, 2016
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Indian cargo ship sinks off Oman coast
August 28, 2016

Muscat: An Indian cargo ship, with 11 crew members on board, sunk off the coast of Jalan Bani Bu Ali province on Saturday morning, an official at Oman police, told Gulf News.

All crew members were rescued by Omani fishermen and are reported to be in good health.

The vessel was on its way from Sharjah to Yemen’s Al Mukalla port and was carrying 69 vehicles, food stuff, tyres"...

Venezuela, Iran seeking consensus to stabilise oil markets
August 27, 2016

Venezuela and Iran continue to seek consensus on ways to stabilise oil markets and strengthen OPEC, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif.

"We continue to build common ground and a new consensus on stabilizing oil markets, strengthening industries, strengthening OPEC," Maduro"...

Russia’s Future Use of Iran Airfield Possible
August 27, 2016

Secretary of Iran’s Supreme National Security Council Ali Shamkhani underlined Tehran’s resolution to continue cooperation with Moscow in the fight against terrorism in Syria, saying Iran will allow Russian jets to fly from Hamedan’s Nojeh Air base again, if the need arises.

In an interview with RT Arabic, Shamkhani pointed to a recent operation against terrorists in Syria, in which Russian bomber jets used"...

Iran Maintains Top Slot in DRI Production
August 27, 2016

Iran maintains its position as the world’s biggest direct reduced iron producer. World Steel Association’s latest data on DRI output for January-July period shows the Islamic Republic outperformed India, the world’s biggest DRI producer last year.

According to WSA, Iran produced 9.1 million tons of DRI over the reported period, increasing output by 6.1% year-on-year. The rise was driven by higher crude steel"...

Iran, South Africa to Establish Joint Tech Center
August 27, 2016

Iran and South Africa will undertake technological exchange.

Deputy Minister for Research and Technology Vahid Ahmadi pointed to the joint technological center established by Iran and Kazakhstan in Almaty, Kazakhstan, last October.

Ahmadi added that the center aims to provide an opportunity to the two countries to exchange latest achievements in technological"...