The Latest from Iran (27 August): Meanwhile, Away from the Non-Aligned Summit....
Monday, August 27, 2012 at 11:01
Iranian Foreign Minister Ali Akbar Salehi addressed the summit of the Non-Aligned Movement on Sunday
1941 GMT: Foreign Affairs Watch (Saudi Front). There had been signs this month of an Iranian-Saudi accommodation, with President Ahmadinejad going to Riyadh for the extraordinary meeting of the Organization of Islamic Cooperation and a Saudi delegation coming to Tehran for the Non-Aligned Movement's summit.
This, however, does not appear to be part of the rapprochement --- former Minister of Culture Mohammad-Hossein Saffar-Harandi has reportedly said the Saudi king drinks wine, hates Shiites, and propagates filthy Wahhabism.
1915 GMT: Economy Watch. Fakhrollah Molaei, Deputy Minister of Industry, has stated that the Iranian economy is suffering a serious lack of liquidity, with 68% of Iran's production units lacking the required capital to operate effectively. A weak domestic market, disagreements between trading partners, and shortages of raw resources or machinery were secondary problems identified by Molaei as being significant.