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US families sue UBS over alleged terror links

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ImageAFP: US victims of attacks in Israel and their families are suing Swiss bank UBS for 500 million dollars, alleging it financed terrorism by doing business with Iran, their lawyer told AFP Tuesday.

Saudi says Lebanon violence will affect Iran ties

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ImageReuters: Saudi Arabia said on Tuesday Iranian-backed Hezbollah's routing of the Western-backed government's supporters in Lebanon would affect the Islamic Republic's ties with Arab countries.

Iranian purchasing power has improved: Ahmadinejad

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ImageAFP: Iranian President Mahmoud Ahmadinejad said on Tuesday that people's purchasing power has improved, as the country struggles with a inflation of more than 24 percent.

Saudi warns Iran over Lebanon ‘coup’

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ImageAFP: Saudi Foreign Minister Prince Saud al-Faisal warned on Tuesday that Iran's relations with the Arab world would be affected if Tehran was supporting what he described as a "coup" in Lebanon.

Saudi Arabia alleges Iran supports Hezbollah ‘coup’

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ImageBloomberg: Saudi Arabia warned Iran that its support for a "coup" in Lebanon by the Shiite Muslim Hezbollah group will harm relations with Arab states.

Rising inflation poses challenge to Iran -IMF

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ImageReuters: Rising inflation in Iran poses the biggest short-term challenge to its economy, the International Monetary Fund said on Monday.

Bush warns Syria, Iran over Lebanon violence

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ImageAFP: US President George W. Bush Monday warned Iran and Syria that the international community would not allow Lebanon to fall under foreign domination again, as he vowed to shore up the Lebanese army.

Iran says reviewing oil output, no decision yet

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ImageReuters: Iran is reviewing its crude output but no decision has been taken yet on any changes, Oil Minister Gholamhossein Nozari was quoted by an aide as saying on Tuesday.

5 hanged in Iran’s holy city of Qom

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ImageIran Focus: Tehran, Iran, May 12 – Iranian authorities have hanged five men including a teenager in the holy city of Qom, south of Tehran, state media reported on Monday.

5 hanged in Iran’s holy city of Qom

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ImageIran Focus: Tehran, Iran, May 12 – Iranian authorities have hanged five men including a teenager in the holy city of Qom, south of Tehran, state media reported on Monday.