Nicosia City News

Egypt to increase power generation by 7.3 mw at a cost of 7.5 billion dollars
Speaking at a meeting of the Egyptian Electricity Holding Company, the countrys Electricity Minister Hasan Yunis has said that the Egyptian Government plans to spend 7.5 billion dollars on power generation over the next five years. ANI

Iranian Speaker warns IAEA about limits on future cooperation
The new Iranian Parliament Speaker Ali Larijani, who used to be Irans top nuclear negotiator between 2005 and 2007, has warned the International Atomic Energy Agency (IAEA) that Tehran could impose limits on future cooperation with the Agency. ANI

President Ahmadinejad criticized for his handling of Irans economy
While criticism of Iranian President Mahmoud Ahmadinejads economic policies is mounting, outgoing Finance Minister Davoud Danesh-Jafari, who was ousted in a government reshuffle last Tuesday, said that the government lacked experience and had no solid plans. ANI

Iranian CB Governor says US sanctions are just psychological warfare
) - - Tahmasb Mazaheri, the Governor of the Central Bank of Iran, is playing down the effect of United States sanctions on Iranian banks, saying they are just psychological warfare. Talking to the press, Mazaheri said that the sanctions would not stop Iran from finding other ways to meet the countrys banking needs. ANI

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