The 19th International Electronic and Computer Exhibition (Elecomp 2013) will open today at the Tehran Permanent International Fairgrounds. Some 593 Iranian companies and 20 foreign companies have participated in the event which will run for 4 days, the Fars News Agency quoted the deputy industries,...

The Iranian administration will focus on boosting the domestic production sector in the next 100 days, Finance and Economic Affairs Minister Ali Tayyebnia said on Wednesday.

If all the national fiscal and monetary policies are implemented efficiently, the domestic production will be flourished, he added. He put the priority on facilitating imports and exports and releasing raw materials for the production sector. Fortunately, the inflation"...

The Central Bank of Iran (CBI) has set up a task force on the return of the country’s assets blocked by the U.S., IRNA quoted a CBI official as saying on Wednesday. The task force is currently taking preliminary steps for the return of the country’s frozen assets and specifying the exact amount of the properties, the source said, speaking on condition of anonymity. Iranian government spokesman Mohammad-Baqer Nobakht has confirmed"...

Iranian Energy Minister Hamid Chitchian says the Islamic Republic will raise its electricity exports to its western neighbor, Iraq, under agreements inked between the two countries.

“The first outcome of these accords is the increase of electricity exports by 500 megawatts (MW) in addition to previous agreements reached with the country,” Chitchian told reports following a cabinet session in Tehran on Wednesday.
"...

Iranian Foreign Minister Mohammad Javad Zarif says the Islamic Republic insists on taking delivery of the Russian-made S-300 missile defense systems under a deal cut between the two countries.

Speaking at a joint press conference with his Russian counterpart Sergey Lavrov in Tehran on Wednesday, Zarif said Tehran is adamant that the Russian side fulfill its obligations to supply S-300 missile systems.

On the replacement"...

Royal Bank of Scotland has agreed to pay $100 million to settle claims by US and New York state regulators that it violated US sanctions against Iran and other countries.

The Treasury Department, the Federal Reserve and the office of New York Gov. Andrew Cuomo announced the settlement Wednesday with the bank, which is 80 percent owned by the British government.

It covers alleged violations"......