INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Iran to join Shanghai alliance with China, Russia next week: Lavrov

Russian Foreign Minister Sergei Lavrov gives a speech during the opening of the Shanghai Cooperation Organization (SCO) National Peoples's Diplomacy Centre in Moscow on June 30, 2023. (AFP)
  • Iran has intensified its diplomacy with friends and foes alike in recent months, seeking to reduce its isolation, improve its economy and project strength.
  • The SCO, which has its headquarters in China, is a diplomatic organization with eight members, including India and Pakistan.

Moscow, Russia — Iran will be formally approved as a member of the regional Shanghai Cooperation Organization with China, Russia and Central Asian countries, Russian Foreign Minister Sergei Lavrov said Friday.

“At the meeting of heads of state on July 4, the full membership of Iran will be approved,” Lavrov said at the opening of an SCO centre in Moscow.

Iran has intensified its diplomacy with friends and foes alike in recent months, seeking to reduce its isolation, improve its economy and project strength.

SCO membership was already on the cards and Iran is also hoping to be quickly accepted into another grouping that excludes Western countries — the BRICS group with Brazil, Russia, India, China and South Africa.

The SCO, which has its headquarters in China, is a diplomatic organization with eight members, including India and Pakistan.

Kremlin ally Belarus is also applying to join, and Lavrov said Friday that next week’s virtual summit would “begin the procedure” for that membership to go ahead.