TEHRAN (FNA)- Tehran and Islamabad have agreed on a revised price formula and a new price review mechanism for Iranian gas that will be piped to Pakistan, a senior Iranian official said. The new formula and review mechanism update terms reached in 2006 during the long-running negotiations on the project …

TEHRAN (FNA)- Managing Director of Isfahan Steel Mill Bahram Sobhani called for increasing steel import tariffs in light of reduced demand and falling prices in world markets. Sobhani said that steel import tariffs should be raised by 30% in order to support domestic producers, adding that increased tariffs will not …

TEHRAN (FNA)- Iran’s Islamic Revolutionary Guards Corps (IRGC) called on world Muslims to defend Palestinians in the Gaza Strip. In a statement released on Sunday, IRGC invited world Muslims to “defend the oppressed Palestinians in Gaza Strip” and urged “Muslims of the world should stay united against world arrogance, the …

The heavy snow fall across the Balkans during the New Year holiday has left mountainous areas of Macedonia and Albania cut off and running low on food, with traffic bottlenecks affecting the rest of the region. The Albanian government called up army engineers and police special forces to free up …

Two Kosovo Serbs were attacked by a group of Albanians in Mitrovica, local police say, the latest skirmish in the tense divided town. The town of Mitrovica has been a flashpoint since Kosovo’s Albanian majority declared independence from Serbia in February. Some 20,000 Serbs live in the north of the …

Kosovo’s ethnically-divided town of Mitrovica could face bloody conflict if inter-ethnic tensions continue unchecked, a local Serb politician says. The town of Mitrovica has been a flashpoint since Kosovo’s Albanian majority declared independence from Serbia in February. Some 20,000 Serbs who live in the north of the town reject the …

GAZA (Reuters) – Israeli tanks, planes and ground forces pounded Gaza on Monday and the defense minister said the offensive against Hamas militants in the Palestinian enclave would go on until Israel was safe. International efforts to secure a ceasefire moved ahead with French President Nicolas Sarkozy and Middle East …

JERUSALEM (Reuters) – Israel on Monday rebuffed European proposals for international observers in the Gaza Strip after any ceasefire, pushing instead for teams that will help search out and seal off tunnels that could allow Hamas to rearm. Foreign Minister Tzipi Livni, a leading candidate to become Israel’s next prime …

MOSCOW/KIEV (Reuters) – The European Union on Monday scheduled talks with Russia to press for a speedy resolution of a dispute with Ukraine that has hit gas supplies to countries in eastern and southern Europe facing freezing temperatures. Russian gas monopoly Gazprom cut off gas supplies to Ukraine on January …

BOSANSKI BROD, Bosnia (Reuters) – A flare at the top of a 50-meter high tower in the Balkans shows Russia building political capital in a notoriously fractured part of Europe. The flame in late November marked the restart of operations in Brod, Bosnia’s sole oil refinery which had been out …