INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Iran’s President Ebrahim Raisi to visit China: state media

Iran's President Ebrahim Raisi. (AFP)
  • Iranian president will set out for Beijing on Monday evening in response to an official invitation by Chinese President Xi Jinping
  • Ebrahim Raisi will also take part in meetings with Chinese businessmen and Iranians living in the country

Tehran, Iran– Iranian President Ebrahim Raisi will head to China within days for a three-day visit aimed at strengthening economic cooperation, state media reported on Sunday.

Raisi will set out for Beijing on Monday evening in response to an official invitation by Chinese President Xi Jinping, Iran’s state news agency IRNA said.

Both presidents met for the first time last September in Uzbekistan at a summit for the Shanghai Cooperation Organization, where the Iranian president called for expanded ties.

On his upcoming trip, Raisi is expected to hold private talks with Xi, and delegations from both countries are due to sign “cooperation documents”, according to IRNA.

The agency added that Raisi will also take part in meetings with Chinese businessmen and Iranians living in the country.

Iran and China have strong economic ties, especially in the fields of energy, transit, agriculture, trade and investment.

Both countries signed in 2021 a 25-year “strategic cooperation pact” said to include “political, strategic and economic” components.

China is Iran’s largest trade partner, IRNA said, citing the 10-month statistics of Iranian customs authorities.

Iran’s exports to Beijing stood at $12.6 billion, while it imported $12.7 billion worth of goods from China.