Hyundai Signs 3 Bn Euro Deal For Iran Oil Project

Hyundai has signed a deal worth three billion euros ($3.2 billion) to invest in a major Iranian oil project, the South Korean firm confirmed on Monday. Hyundai Engineering plans to invest 3.1 billion euros in the second phase of the Kangan oil production and refinery project in southwest Iran, it said in a statement. The … Read more

Man Taking Selfie Among Seven Dead In Iran Storms

A man taking a selfie after an Iranian dam burst was among at least seven people killed as floods, avalanches and dust storms gripped the country, state media reported Saturday. The 40-year-old was swept away while taking the photograph beside a river swollen by the breach of the earthen dam near the southeastern city of … Read more