• East Asia

    China to sell 215 subway train wagons to Iran

    An Iranian rail company and a Chinese counterpart have signed a contract for the production of 215 subway train wagons. The wagons will be used in three major cities of Tabriz, Shiraz and Isfahan, Trend reports with reference to the IRNA news agency. According to a 2025 outlook, Iran should…

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  • Central Asia

    Putin to visit Turkey on October 10

    Russian President Vladimir Putin will visit Turkey on October 10, the Presidential Aide Yuri Ushakov said. According to him, Putin will meet with Turkey’s President Recep Tayyip Erdogan and address an energy congress, which will be held in Istanbul on October 9-13, TASS reports.

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  • Central Asia

    Russian Finance Ministry puts 3.66% budget deficit in 2016 draft

    The Russian Finance Ministry has prepared a draft 2016 budget with a deficit amounting to 3.034 trillion rubles, or 3.66% of the gross domestic product (GDP). Nominal spending was increased by 304 billion rubles to 16.403 trillion rubles and revenue was cut by 370 billion rubles to 13.369 trillion rubles.…

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  • East Asia

    China to invest Iran’s fisheries, aquaculture

    Iran and China have signed agreements which will bring ‎¥20bn Chinese finance to country’s fisheries and aquaculture, Mehr reports. Mahmoud Hojjati, Minister of Agriculture told Iran’s IRIB news center that meeting with Chinese counterpart hit the agreement by which China would invest in northern and southern fisheries and aquaculture of…

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  • Central Asia

    Russia’s Rostec may sell 25% stake in Kalashnikov to private investors

    Rostec is viewing an opportunity of increasing the stake of private investors in Russia’s largest small arms maker Kalashnikov Concern by 25%, Chief Executive Officer of the Russian state-owned corporation Sergey Chemezov said on September 26, TASS reports. “This issue is at the discussion stage. We will make final decision…

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  • West Asia

    Iran plans to establish a transit link to Europe

    Bulgaria says it has seen positive signs that Iran is determined to press ahead with a plan to establish a multimodal transit link that involves a railroad that passes through its territory toward the heart of Europe. Bulgaria’s Presidential Office announced in a statement that the issue had been raised…

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  • Central Asia

    Trade turnover of Iran and Azerbaijan may surpass $300 million

    The volume of trade turnover between Iran and Azerbaijan currently stands at about $100 million but it must increase considerably, the Iranian deputy minister of industry, mine and trade, Hossin Esfahbodi, said on the sidelines of the ongoing Iran Project 2016 in Baku, Vestnik Kavkaza reports. Elaborating on existing trade…

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  • Central Asia

    Mongolia: Japan’s Rubbish Heap

    ELISE HONNINGDALSNES – The UB POST Mongolia is embracing mass-market grey imports from Japan. This easy solution to get Mongolians cheap wheels will soon result in Mongolia being one of the biggest landfills for cars and dangerous waste in Asia. Mongolians have fallen in love with Japan’s Toyota Prius, and…

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  • East Asia

    Samsung for government

    Oh Young-jin – The Korea Times One may rightly feel it absurd to put a private company in charge of government. True, private firms seek profits, while the role of the government is, well, to run the country — requiring it to serve many different purposes with profit at the…

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  • West Asia

    Iran exports over $3.6 billion petrochemical products in 5 months

    Iran exported over 3.6 billion dollar’s worth of different kinds of petrochemical products during the first five months of the current Iranian calendar year, IRNA news agency reported. The country sold more than 8.724 million tons of a variety of petrochemicals to the international markets during the same period. The…

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