Search Site

Microsoft unveils ‘AI-ready’ PCs

The company's pivot to AI has been celebrated by Wall Street.

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Iranian company SAIPA to export cars to Russia

SAIPA had taken over two large dealerships and after-sales services centers in Moscow. (Tasnim)
  • SAIPA is planning to supply 90,000 units of the QUIK sedan model to Russian customers in the next three years.
  • Exports can start within a month and after the required permits are issued by Russian authorities.

TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been inked for exporting 120,000 passenger and commercial vehicles to Russia.

Mohammad Teymouri pointed to his visit to Russia’s car market last week and stated that a contract was concluded for exporting 90,000 SAINA, QUIK and SHAHIN passenger cars, 30,000 NISSAN Pickups and also 151 light-vehicle Pickups.

During his visit to Russia, Teymouri had said, “With the analysis provided by SAIPA’s Russian partners, the possibility for success of SAINA and QUIK is very high in this market.”

He said SAIPA is planning to supply 90,000 units of the QUIK sedan model to Russian customers in the next three years.

The official said exports can start within a month and after the required permits are issued by Russian authorities.

Russian authorities have invited carmakers from China and Iran to fill the gap and use the infrastructure left behind by those companies.

Teymouri said SAIPA had taken over two large dealerships and after-sales services centers in Moscow and one in Minsk, Belarus, that were formerly offering services to Honda and Hyundai cars.

Mohammad Khazaei Iran’s Deputy Minister of Culture and Islamic Guidance also attended the ceremony of delivering 14 SHAHIN sedan manufactured by SAIPA to customers of the company.