INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Saudi Arabia and Iran two most influential countries in Islamic world: Raisi

Iran's President Ebrahim Raisi and the ambassador Alireza Enayati.
  • Iranian president in his meeting with Alireza Enayati, the new ambassador to Saudi Arabia, spoke of strengthening relations between the two countries
  • In June, the Islamic republic reopened its embassy in Riyadh and then followed it up with the reopening of its consulate in Jeddah

Tehran, Iran–Iran’s President Ebrahim Raisi has termed Saudi Arabia and Iran as the two most influential countries in the region and the Islamic world as he lay emphasis on the need for strengthening relations between the two.

The president made the remarks In a meeting with Iran’s newly-appointed ambassador to Saudi Arabia Alireza Enayati, before departing for Saudi Arabia.

Raisi called for using the existing capabilities for the development of relations between Tehran and Riyadh.

The increase in cooperation between Iran and Saudi Arabia in bilateral and multilateral dimensions will raise the position of the countries of the region in the regional and global equations and limit the ground for foreign interventions, Raeisi cited.

Back in March, Iran and Saudi Arabia agreed to a Chinese-brokered deal to revive relations after years of tensions.

Iran officially reopened its embassy in Riyadh in June, followed by its consulate in Jeddah and representative office with the Organization of Islamic Cooperation.

The Saudi embassy in Tehran and its consulate in Mashhad have also resumed operations.

Last month, Iranian Foreign Minister Hossein Amir-Abdollahian visited Saudi Arabia, where he held “frank and fruitful” talks with Crown Prince Mohammed bin Salman.