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Flood-sparked landslide kills 16 in China BEIJING: A landslide that engulfed homes in China killed at least 16 people, with 21 still missing, as heavy rains brought misery across a swathe of the country.Photos posted on Sina Weibo, a Chinese version of Twitter, showed rescue teams working through the night as they attempted to pull people from mud and rock that had buried 27 houses in Zhejiang province.More than 300 people were evacuated after the landslide, with 21 additional homes flooded in the wake of the disaster, which struck on Friday evening, state broadcaster CCTV said.Meanwhile, the central province of Hunan was hit by the worst winter flooding in more than 50 years, the official Xinhua news agency reported, forcing thousands to flee.About 8,200 people were resettled after their homes were destroyed in the flooding, according to Xinhua, with more than 87,000 people affected by the waters, which caused blackouts and road closures.The flooding, which has ...

Iran press split on Paris attacks, hardliners critical of France TEHRAN: Iran's press on Sunday largely condemned the jihadist attacks that killed 129 people in Paris and expressed sympathy for the victims, but conservative newspapers put the blame on France's policies in Syria.In their first reactions to the events of late Friday, Iranian newspapers reflected the country's divisions between reformists and hardliners fiercely critical of the West.Moderate President Hassan Rouhani had on Saturday condemned the coordinated assaults claimed by the Islamic State group as "crimes ...
Iran's Rouhani cancels visit to Italy and France over Paris attacks DUBAI: Iranian President Hassan Rouhani on Saturday cancelled a visit to Italy and France following deadly attacks in Paris, while the foreign minister decided to attend Vienna talks on Syria to address threats of extremism.Gunmen and bombers attacked restaurants, a concert hall and a sports stadium at locations across Paris on Friday, killing at least 120 people in a deadly rampage that a shaken President Francois Hollande called an unprecedented terrorist attack."Due to the terrorist ...
Iran signs deal doubling gas exports to Iraq TEHRAN: Iran will double gas exports to neighbouring ally Iraq from 2017 under a contract signed on Wednesday.The deal, to send 20 to 35 million cubic metres of gas per day to the southern Iraqi city of Basra, follows a first major contract between the countries in 2013 to export gas to the Iraqi capital Baghdad."The gas export will begin in a year and a half with new pipelines and facilities," Iran's Deputy Oil Minister ...
Bangladesh signs $250mn satellite deal with French firm DHAKA: Bangladesh on Wednesday signed a $250 million deal with French-Italian firm Thales Alenia Space in Dhaka to build the country's first communications satellite, officials said.Thales Alenia Space will build the satellite called Bangabandhu-1 for the Bangladesh Telecommunications Regulatory Commission (BTRC) to be launched into space in 2017.BTRC chairman Shahjahan Mahmud said the contract was worth 19.51 billion taka ($250 million).Junior telecoms minister Tarana Halim hailed the deal which would save Bangladesh coffers $14 million ...
India announces plans to open up foreign investment NEW DELHI: India's government Tuesday announced plans for a sweeping liberalisation of its foreign direct investment (FDI) regime, as Prime Minister Narendra Modi seeks to counter accusations his reform drive is stalling.The government said it would undertake a raft of reforms to open up 15 areas of the economy, easing the path for overseas investors in critical sectors including defence, banking and construction.It will also lift the caps on investing in certain sectors including broadcasting ...
Iran has stopped dismantling nuclear centrifuges: senior official DUBAI: Iran has stopped dismantling centrifuges in two uranium enrichment plants, state media reported on Tuesday, days after conservative lawmakers complained to President Hassan Rouhani that the process was too rushed.Last week, Iran announced it had begun shutting down inactive centrifuges at the Natanz and Fordow plants under the terms of a deal struck with world powers in July that limits its nuclear programme in exchange for easing sanctions.Iran's hardliners continue to resist and undermine ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln