Oil Consortium to Supply European Market
Oil Consortium to Supply European Market
Iranian Makes Fastest Cancer Cell Detection Camera
Iranian scientist Bahram Jalali has developed a new optical microscope that makes the tough task of identifying and isolating rare cells...
Imam Reza Festival Planned
Iran’s Islamic Culture and Relations Organization (ICRO) is planning to hold the International Imam Reza (PBUH) Festival in 48 different countries.
The festival will be held in cultural, art, research, children and young adults, cinema and digital media sections in an effort to introduce the eighth Shiite Imam and his legacy to the world.
The 10th edition of the event will kick off during a ceremony in the Iranian city of Qom and will be closed on the birth anniversary of Imam Reza (PBUH) in the holy city of Mashhad where he has been laid to rest.
EU Rattles Markets
Int’l Economy Desk
Italian Prime Minister Mario Monti denounced unnamed northern EU states on Sunday for taking positions that contributed to spikes in borrowing costs for Italy and Spain.
In a clear reference to Finland and the Netherlands, which questioned decisions made at the June 28-29 EU summit hailed as “a watershed for the debt crisis”, Monti said the unnamed countries were sapping the eurozone’s credibility, AFP reported.
The hard-won accord in Brussels paves the way for a €500 billion ($630 billion) bailout fund to recapitalize ailing banks directly, without passing through national budgets and thus adding to struggling countries’ debt mountains.
However, borrowing rates for 10-year bonds in Spain and Italy shot up to unsustainable levels on Friday, with the Spanish yield hovering around 7 percent.
They came after lower rates due to initial market euphoria after the EU summit promised fresh capital for Spain’s struggling banks and a European bank union to keep lenders in line.
Opposition
Finland has said it has no intention of footing the bill to cover the debts of other eurozone countries.
“Collective responsibility for other countries’ debt, economics and risks; this is not what we should be prepared for,” Finance Minister Jutta Urpilainen said in a newspaper interview.
Jordan Keen On Developing Iran Ties
Iran’s deputy foreign minister on Sunday conveyed an invitation from President Mahmoud Ahmadinejad to Jordan’s King Abdullah II to participate in the Non-Aligned Movement (NAM) summit in Tehran.
Jordanian Prime Minister Fayez Tarawneh met Deputy Foreign Minister for Arab-African affairs Hussein Amir Abdollahian who conveyed the invitation to the 16th summit of NAM member states in Iran between August 26 and 31.
The Iranian official later held a press conference in Amman to highlight the purpose of his visit.
6 US Soldiers Slain In Afghanistan
Six American soldiers serving with NATO forces were killed by a roadside bomb in Afghanistan on Sunday, the alliance’s military in Kabul and an American official said.
“Six International Security Assistance Force service members died following an improvised explosive device attack in eastern Afghanistan today (Sunday),” ISAF said in a statement, without naming their nationalities or giving any further details, AFP reported.
Taliban on Monday claimed responsibility for the attack.
In Washington, an official said the dead were Americans.
Another NATO soldier died in a similar attack earlier Sunday, ISAF announced, taking the day’s toll to seven and the total toll for this year to at least 234, according to an AFP count based on the icasualties.org website.
As is traditional, ISAF deferred the identification of the casualties to their home countries.
NATO has some 130,000 troops in Afghanistan fighting an insurgency by Taliban Islamists who were ousted from power by a US-led invasion in 2001 for sheltering Al-Qaeda leader Osama bin Laden after the 9/11 attacks.
UN-Arab League Envoy Heads to Tehran
Kalleh 3rd In Asian Event
Iran’s Kalleh Mazandaran volleyball club has finished third at the 2012 Asian Men’s Club Volleyball Championship in Shanghai, China.
The Iranian outfit defeated Almaty of Kazakhstan 3-0 (25-12, 25-17, 25-23) on Sunday, Press TV wrote.
Qatar’s Al-Arabi squad upset a partisan home crowd on Sunday, when it edged China’s Shanghai Tangdynasty team off the top podium spot, winning the title of the 2012 Asian men’s club volleyball championship for the first time.
Qatari players won the championship match 17-25, 25-23, 25-17, 25-22 in one hour and 41 minutes.
Qatar’s best previous finish at the regional tournament was the second place in 2009.
Before Sunday night’s victory, Qatar had already created one of the Shanghai event’s biggest surprises when they downed defending champions Iran on Saturday.
With one set to their credit though, the Iranians failed to hold down and lost three sets in a row to surrender the match.
Iran’s head coach Mawia Alajnaf said at the post-match press conference on Saturday that his players were too much stressed. Behrouz Ataei, one of the team’s member told Mehr news Agency that he is not satisfied with the result.
Saudi Forces Kill Shiite Protesters
Two Shiite protesters were killed in overnight clashes with police in the eastern Saudi province of Qatif following the arrest of a prominent Shiite cleric and government critic, activists said on Monday.
Akhbar Shakuri and Mohammed Filfel died and a dozen other protesters were wounded during the clashes that erupted when police opened fire to disperse a demonstration against the arrest of Sheikh Nimr Al-Nimr, said the activists, AFP reported.
The violence occurred in Riyadh Street, the main artery of Qatif city, they said. The reports could not be independently verified.
The interior ministry described Nimr as an “instigator of sedition” as it announced that he was arrested at Al-Awamiya in Eastern Province on Sunday, after being wounded in the leg while putting up resistance.
He was transferred to hospital and was due to be interrogated, ministry spokesman Mansur Turki said, cited by the official SPA news agency.
Morsi Reconvenes Dissolved Parliament
Egypt’s president fired the first volley on Sunday in his battle with the nation’s powerful generals, calling on the Islamist-dominated parliament to reconvene despite a military-backed court ruling that dissolved it.
Parliament Speaker Saad Al-Katatni has invited the lower house to convene on Tuesday, MENA state news agency reported.
A week into his presidency, the surprise move by Mohammed Morsi threatened to plunge the country into a new bout of instability and violence, nearly 17 months after the ouster of authoritarian leader Hosni Mubarak, AP reported.
Morsi’s decree appeared to take the generals off guard. In the first sign of an imminent crisis, the Supreme Council of the Armed Forces held an “emergency meeting” shortly after it was announced. The official Middle East News Agency said the generals met to “review and discuss the consequences” of the decision. Egypt’s Supreme Constitutional Court said on Monday that all of its rulings were “binding,” in response to the presidential decree reinstating parliament.
Morsi, a member of the powerful Muslim Brotherhood, which has long been at odds with the military, also called for new parliamentary elections within 60 days of the adoption of a new constitution, which is not expected before late this year.
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