Toy trouble: Toymakers fear Xmas sales drop as kids opt for high-tech gadgets


The Christmas spirit is not what it used to be: the world’s toymakers are growing increasingly concerned that children are choosing electronics such as tablet PCs over traditional toys like dolls and board games.

Russia to grant unprecedented tax cuts on Arctic exploration


Russian authorities have agreed to lift all export duties for new projects in the Arctic shelf to boost investment in the area. The new tax breaks are expected to come into force by the end of this year.

Economic Ties With S. Korea Enter New Phase


Iran and South Korea have entered into a new phase in economic relations.

Iran, Azerbaijan Plan to Set Up Joint Economic Zone


Iran and Azerbaijan are determined to open a joint economic zone in Qoli Beiglou region, an Iranian provincial official said Sunday.

Chinese MP: Beijing Welcomes Expansion of All-out Ties with Tehran


EHRAN (FNA)- A senior Chinese lawmaker described Iran as China's second largest trade partner in the Middle East, and reiterated that Beijing attaches great importance to the further expansion of economic, political and industrial ties with Tehran.

India: Cash for the poor, no strings attached


NEW DELHI, India — India wants to overhaul its massive, creaking welfare system, replacing subsidies with cash. The idea is to circumvent corruption, streamline the process, and ultimately provide 720 million welfare-recipients with more of the benefit they were originally intended. At least that's the idea.

Iran’s mineral output projected to hit 400m tons


TEHRAN - Iran plans to extract some 400 million tons of minerals by the end of the current Iranian calendar year (March 20, 2013), IRNA quoted deputy industry minister Vajihollah Jafari as saying.

Construction of Pakistan section of IP gas pipeline may begin by Feb. 2013


Construction work on the Pakistan segment of the Iran-Pakistan gas pipeline project is likely to start by February 2013, and the first gas flow is scheduled to begin by the end of December 2014, the Pakistan National Assembly was informed on Friday.