MOSCOW (Reuters) – A test launch of Russia’s new submarine-based missile Bulava has failed, Interfax news agency said on Tuesday, quoting a source in the military-industrial complex. Russia plans next year to equip some of its nuclear-powered submarines with Bulava, capable of carrying up to 10 warheads to the distances …

TEHRAN (FNA)- A delegation of Iranian Oil Ministry officials and experts is due to visit Ashgabat to discuss and reach an agreement over the price of Turkmen gas supplies to Iran in 2009. Northern Iran, which is far from the national grid, meets a major part of its needs through …

TEHRAN (FNA)- Iran and Malaysia are planning to work together in Islamic banking to step up the sector’s global presence and to expand business relations between the two countries. Malaysian Prime Minister Abdullah Ahmad Badawi said Mellat Bank, a leading Iranian financial institution, was keen to establish an offshore branch …