In the past three months, the Islamic Republic of Iran has begun eliminating energy subsidies, a move that could transform the way the country’s economy works and influence reform in other energy-producing countries, IMF economists say. With the removal of subsidies on oil and gas, domestic demand for energy in Iran is expected to decline, leaving more energy resources available for export.

Hold on, if you plan to tie the knot with a dancer as you are more likely to end up in a divorce court.

The index for industrial production englobes activities such as mining, manufacturing, electricity, gas and water supply and represent approximately 22 per cent of gross domestic product(GDP). According to recent estimates of the Central Statistics Office, there has been a rise of 13 percent in production activities in the second quarter of 2010.

Prime Minister Dr Navin Ramgoolam had a meeting with his Singaporean counterpart Lee Hsien Loong, to discuss ways of strengthening bilateral relations, especially the economic ties between the two countries.