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It is becoming more and more difficult for residents to find a suitable home in capital city Tehran where the population is estimated to stand at 12.2 million souls. Continuously growing demand and rapid urbanization are held responsible for the Read more
A long awaited announcement was made on Sunday from Munich: a new round of talks on Iran’s nuclear activities would be held in Kazakhstan. Iranian Foreign Minister Ali Akbar Salehi who was taking part in a Security Conference held in Read more
The release of a document by the US Defense department shows according to some experts that the US might have been providing Bahrain with arms used against protestors. Since 2000, The US sells weapons to Bahrain for a total cost Read more
In a circular that was distributed to commercial banks the UAE central bank announced that a new limit has been set on mortgage loans for foreigners that wish to buy estates in the country. According to banking and real estate Read more
After the overthrow of Saddam Hussein, Iraq was put outside OPEC’s quota system because it presented a low output. A year ago, OPEC set a 30 million bpd target for all 12 producers allowing Iraq to come back in the Read more
The United States announced this week end that talks to ban nuclear weapon in the Middle East will not be held in December as originally programmed. “The present conditions in the Middles East” as well as the difficulty organizers faced Read more
It would have been no surprise if the price of oil rose greatly during the 8 days of violence that occurred due to the turmoil in the Gaza strip. But oil experts explain that since Israel and Palestine are not Read more
Following months of a threatened stability, the interior ministry has released a statement revoking the citizenship of 31 opposition activists accused of planning to go against the state and the cabinet showed its unanimous support and promised to eradicate terrorism Read more
Iraq has been struggling to satisfy the energy demands of the country as well as increase its oil output despite the cross-carpeting of oil companies towards the semi-autonomous region of Kurdistan. An investment development plan by an Italian oil and Read more
In a move to assure the stabilization of its economy, Iranians won’t be able to send gold and golden coins out of their boundaries from now. The government is trying to limit its flow out of the country as it Read more