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Iran's navy on Wednesday (28th November) launched anew, domestically made Ghadir-class light submarine in the waters of the Gulf, local Fars news agency reported. The submarine outfitted with the latest military and technological equipment was launched in a ceremony on the occasion of the Navy Day in a military base in Bandar Abbas, the report said. The new Ghadir-class light submarine was designed and manufactured by the Iranian industrial universities with 10 years of work, according to the report. The submarine's capabilities are equal to those of foreign types and due to its light weight, it is able to carry out missions at a very high speed, Iranian navy experts were quoted assaying. Iran's official media had reported that the new Ghadir-class light submarine can fire missiles and torpedoes simultaneously and operate with sonar-avoiding capability. According to foreign military experts, Iran's inventory of submarines patrolling Gulf waters includes at least three Russian-built Kilo-class diesel submarines.

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Four Ghadir submarines join Iran fleet Amid efforts to boost security in the Persian Gulf, the Iranian Navy has been equipped with four domestic-made Ghadir class mini submarines. Iranian Defense Minister Brigadier General Ahmad Reza Vahidi hailed the delivery as a sign of progress in Iranian military ingenuity. Brig. Gen. Vahidi said that the stealth submarine is capable of launching torpedoes as well as precision targeting. "The mass production of this strategic vessel has been carried out with the aim of increasing the defense capabilities of the Naval Forces ... and today four advanced Ghadir submarines joined the Iranian naval fleet." The Ghadir submarine was first unveiled in 2007. The 120-ton vessel has excellent shallow depth performance, and can carry out long-term coastal missions. The Iranian fleet currently has 11 Ghadir submarines. Aside from three Russian-built Kilo class diesel submarines, the Iranian Navy also operates another homemade 500-ton submarine in its patrol missions in the Persian Gulf and the Strait of Hormuz. "With the mass production of this submarine alongside various guided-missile launchers the country's defensive production chain is complete, and these capabilities will be used to served peace, stability and security in the Persian Gulf region and the Sea of Oman," he added.

[31 July 2012] Iran boosts high quality gasoline production - English A boost in Iran's gasoline production despite unilateral sanctions by the West; Iran has officially launched a project, which produces high-quality 2.8 m litters of petrol per day. After the development of Arak Refinery in the center of the country, the isomerisation unit of this project at Tehran's Tondguyan Refinery is the second isomerisation unit in the country. Saman Kojouri, Press TV, Tehran

Enjoy this beautiful educational cartoon where Shawn The Train helps the car to learn about traffic signs. While learning about traffic signs the car will cross the railroad meeting Donald The Diesel Train, learn to pull over when a fire truck is coming, stop at the red light, stop when a school bus is loading or unloading and will try to learn how to drive safely when passing the construction site! Your child will see objects like traffic signs, traffic lights, railroad crossing signs, cars, trains, a fire truck, a school bus and construction trucks. Your child will love it!

The Indian economy is facing further trouble. There is a financial crunch in the global markets. This will dry up the foreign investments in the country. Rising interest rates in United States has triggered the crisis. Investors are selling-off in the Asian stock markets. They have already withdrawn heavily from Thailand, Indonesia and Philippines. Indian rupee too has already depreciated by 8% in the last few weeks and that is going to push inflation. The country imports most of it crude oil requirement. Oil is its single biggest import commodity. The retail prices of petrol and Diesel has been increased. Gold is another major import component. Sanjay Sethi, Press TV, New Delhi

[04 July 2014] Egypt raises fuel prices by nearly 80% - English

Iran’s Islamic Revolution Guards Corps (IRGC) has seized a ship carrying some 250,000 liters of smuggled diesel fuel in the Persian Gulf, detaining all crew members on board. Brigadier General Ali Ozmaei, an IRGC commander, said on Monday that the vessel, manned by 11 crew members, was detained near the Strait of Hormuz when it was smuggling the fuel to the United Arab Emirates (UAE). Watch Live: http://www.presstv.com/live.html Twitter: http://twitter.com/PressTV LiveLeak: http://www.liveleak.com/c/PressTV Facebook: http://www.facebook.com/PRESSTV Instagram: http://instagram.com/presstvchannel #PressTV #Iran #News