Beverage and confectionery company, Aujan has reported a sustainable growth of 35% revenue and 30% volume. The company's sales in the GCC alone have grown by 28% in the first 6 months of 2008. Aujan saw Iran markets boosted a 58% growth in revenue and 35% in volume compared to 2007, its most performing market outside the GCC.... more

Iran has started the sale of a 5% stake in its state-owned telecommunications company on Tehran's Stock Exchange on Saturday, Reuters has reported. The government is selling 2.293 billion shares in Iran Telecommunication Company, according to IRNA news agency.... more

The Dubai, Abu Dhabi and Muscat stock markets fell sharply yesterday, due to sales by international and local portfolios. Muscat fell by 1.5%, ADX by 1.1% and DFM by 1%. The Tadawul, the only winner yesterday, rose slightly by 0.38%, while Bahrain, Doha and Kuwait fell by 0.83%, 0.60% and 0.18% respectively.... more

The UAE's Quest Energy is developing an Independent Power Project (IPP) in Iran in partnership with Iran Projects Management Company, according to a report from MEED, AME Info's sister company. The project is building a 1,000MW open-cycle gas-fired power plant in Shiraz.... more

UAE markets slip... Record rises by telco's registered on Tasi... Etisalat selects Neverfail for Blackberry customers... Iran's Central Bank keeps lending rate at 12% through end of Iranian year... Saudi Arabia projected to spend 20 billion dollars on ICT this year... UK offers to hold another oil summit... Nakheel reveals new home for QE2.... more

Iran's Central Bank has announced to state and private banks that lending rates wound remain at 12% until the end of the Iranian year in March... more

The Sharjah Chamber of Commerce and Industry (SCCI) has announced that it is intensifying efforts to boost Sharjah's economic growth.... more

Rising tensions with Iran and a potential hurricane in the Gulf of Mexico have pushed oil prices up from six week lows, according to Bloomberg reports.... more

Be among the first to check out the latest fashion trends and exotic products and items at the Shopping Fair, which formally opens today, and will run up to 31st August 2008.... more

A delegation of high profile Iranian media was received by Ras Al Khaimah Free Trade Zone Authority as part of Ras Al Khaimah government's efforts to highlight its state-of-the-art facilities offered to its clients and to promote RAK FTZA. ... more

New Delhi, Jun 23 (PTI) India, Pakistan and Iran are next month likely to hold their first trilateral meeting in a year to finalise details of the USD 7.4 billion tri-nation gas pipeline project. Petroleum Minister Murli Deora met his Iranian counterpart Gholam Hosein Nozari on sidelines of a meeting of world oil producers and consumers in Jeddah yesterday evening and agreed for a trilateral meeting in Tehran next month.... more

Iran's president Mahmoud Ahmadinejad on Tuesday said oil prices are being controlled by 'invisible hands' in a 'fake way' for political and economic reasons, reported Reuters.... more

Iran has discovered an oilfield within its southwest Jofeir oilfield that is expected to boost Jofeir's oil output to 33,000 barrels per day.... more

Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, today launched non-stop service to Shiraz, Iran, from the carrier's main hub in Sharjah. Flights will initially operate four times per week.... more

The scheduled completion of wells Dzheitune (Lam) 22/128 and Dzheitune (Lam) A/129 are expected in July and August 2008 respectively.... more