TEHRAN (Fars News Agency)- Iran on Saturday started to allow motorists an extra 20 liters (5.2 gallons) of petrol a month under a rationing scheme aimed at cutting back on frenzied consumption.

TEHRAN (Fars News Agency)- Iran has $8 billion in its Oil Stabilization Fund (OSF), which forms part of the country’s foreign reserves, the central bank’s website quoted Governor Tahmasb Mazaheri as saying.

TEHRAN (Fars News Agency)- Iranian President Mahmoud Ahmadinejad described Tehran-Riyadh relations as friendly, saying that his participation in the greatest Muslim congregation, Hajj, promulgated a message of increased solidarity and brotherhood among Islamic countries.