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 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.