manufacture in the East

Uzbekistan to almost double car production

Uzavtosanoat JSC plans to increase production of cars in Uzbekistan to 220,000-230,000 units per year, chairman of the Board of Uzavtosanoat Umidjan Salimov said at a press conference in Tashkent. The country produced …

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Azerbaijan and Iran to unite efforts in Caspian

The creation of the Iran-Azerbaijan joint oil company will be beneficial for both parties and will allow to resolve the issue with the disputed  Araz-Alov-Sharg oil field, however, the project implementation is a distant possibility so far, …

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Bahrain discovers largest oil discovery since 1932

Bahrain said that it had discovered the country's largest oilfield in decades, located off the west coast of the kingdom, the BNA news agency reported.  According to the agency, the new tight oil and deep gas resource is …

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Kazakhstan's car industry shows improvements in 2017

In 2017, residents of Kazakhstan bought more than 46,000 new cars worth $1.12 billion, the press service of KazAvtoProm reported. The press service noted that the sales have increased by 28.6% in comparison with 2016. …

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 Turkey to establish new ministry - media

Turkey may establish a car manufacturing ministry, local media outlets reported. The  ministry will be created within the framework of the program for the creation of Turkish cars. It will control the production of domestically …

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 Renault forms new joint venture company in Iran

French carmaker Renault (RENA.PA) signed a new joint venture deal in Iran following an initial partnership agreement struck last year, which Renault said would boost its growth in the country. Renault will be the majority shareholder of …

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Italy to build rail line between Iran's Arak and Qom

Iran Railways and Italy's Ferrovie dello Stato (FS) inked three cooperation, investment and training MoUs. Head of the Iran Railways Saeed Mohammadzadeh and CEO of Ferrovie dello Stato (FS) Renato Mazzoncini signed …

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Rouhani: Iran’s missiles for defensive purposes

Iran’s President Hassan Rouhani said that the country will not back down from pursuing its missile program. Rouhani reaffirmed that Iran’s missiles are for defensive purposes, saying the country seeks …

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Russia starts production of equipment for Bushehr NPP

Russia launched production of equipment necessary for the construction of new reactors at the Bushehr nuclear power plant in Iran, President of JSC NIAEP-holding Company of JSC Atomstroyexport (JSC ASE), the project's general contractor, …

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Turkey to start producing components for satellites

Turkey will produce components for satellites, the Turkish minister of transport, maritime and communication, Ahmet Arslan, said. Arslan said the new Turkish telecommunications satellite TURKSAT 6A, which is …

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