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After the coup of 19 March 1953 in the socio-political history of Iran there were fundamental changes: the powers of parliament were limited and the absolute power of Mohammad Reza Shah Pahlavi was...

In the Middle East, Saudi Arabia and the Islamic Republic of Iran are two countries that claim to leadership in the region. With a powerful resources and political potential these countries are the...

Business & Economics, China


CPMIEC company's proposal on creating long-range missiles is more beneficial for Turkey from the economic point of view, Turkish Prime Minister Recep Tayyip Erdogan said before his official visit to Kosovo, TRT Haber TV channel reported today.

According to him, Ankara has evaluated all proposals in this sphere.

He also stressed that the creation of the long-range missiles in Turkey is a priority for the country.

Prime Minister said that Turkey's actions on the creation of such missiles are legitimate. The country does not consider NATO's statement on the issue important.


China and Afghanistan have agreed to expand economic cooperation following the visit of the Afghan delegation to China, Deputy Minister of Public Works of Afghanistan, Ahmad Shah Wahid told Trend on Thursday.

According to him, the main topics of discussion were the purchase of equipment by Afghanistan for the construction of roads and the construction of the railway to Central Asia through Afghanistan.

"We discussed these issues with China at the state level , and held negotiations with some private companies," Wahid said.


According to a joint declaration on the further development and intensification of bilateral relations of a strategic partnership signed by Chinese President Xi Jinping and Uzbek President Islam Karimov, China and Uzbekistan are to bring bilateral trade up to $5 billion by 2017.

According to the document, the two countries' desire to further intensify the strategic partnership, mutual interest and political will give even more dynamism to the practical cooperation in all fields of cooperation.


The Export-Import Bank of China will deliver a loan worth $165.6 million to Uzbekistan for the modernisation of the Angren thermal power plant in the Tashkent region, a source in government circles told Trend on Monday.

According to the source, an agreement was signed between the Chinese Export-Import Bank and the Industrial and Construction Bank of Uzbekistan (Uzpromstroybank) during Chinese President Xi Jinping's visit to Tashkent on Monday.

The funds are delivered over a period of 20 years, including a five-year grace period.


Turkmen president Gurbanguly Berdimuhamedov and Chinese president Xi Jinping attended the opening ceremony of the production facilities at the Galkinish gas field which is the second largest gas field for its resources, a source close to the negotiations said.

The largest fields in Turkmenistan are concentrated in Mary province in the country's Eastern sector. Total resources of Galkinish and Yashlar field which is closely are estimated by local geologists and the GCA British Company to be within 26.2 trillion cubic meters.


Some $7500 worth of nonstandard Chinese goods have been detained by Tehran Standards and Industrial Research Office in the capital's customs, head of Tehran's Standards and Industrial Research Office Moslem Bayat said, Moj news agency reported.

The detained goods including scales, video recorders and adaptors which have been imported during the last two months from China , the report said.


Turkey is holding negotiations with China and South Korea on the implementation of a project for the construction and modernisation of $12 billion worth of Thermal Power Plants, Turkish Minister of Energy and Natural Resources Taner Yildiz said, the Sabah newspaper reported on Friday.

According to the minister, immediately after the United Arab Emirates rejected the construction of the Thermal Power Plants, Turkey started work on a back-up plan.


Iran has ordered 315 coaches for metro lines from one of the Chinese companies, Tasnimnews reported with reference to the deputy head of Iranian Committee for Transportation and Fuel Management Amir Jafarpour.

Jafarpour noted that the coaches will be put in commission in the cities of Isfahan, Shiraz and Tabriz.

This order will be paid out of the funds that were to be obtained by Iranian side from the sale of oil to China.


A group of investors from China's Hubei province has paid a visit to Iran's East Azarbaijan province, discussing ways to boost cooperation in power and petrochemical sectors, the YJC reported.

Ahamd Alirezabeigi, the governor general of Iran's northwestern East Azerbaijan province, emphasized the importance of boosting cooperation between private sectors as a means to enhance economic ties between the two countries.

There is a good potential for cooperation in the expansion of power plants and the reuse of petrochemical waste, the official said.


The PENGZHONG XINGSHENG joint venture established with the participation of the Chinese ZTE (HK) Ltd., began producing mobile phones worth $3.16 million.

ZTE Corporation Vice President Zhang Renjun said at the opening ceremony on Wednesday that mobile phones presented by UzTE included three smartphone models at the Dual Core - Grand V, Grand M and Grand X platform will be produced at the enterprise in Hakikat in the Syrdarya region.