INSEAD Day 4 - 728x90

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

Iran and Russia sign deal to build research spacecraft in two years

Relations between Iran and Russia have been developing in all areas, from trade to military deals as well as the space sector.
  • The Scientific and Research Department at the University of Tehran has set up a secretariat to oversee the project
  • The Islamic republic's vice president has directed the Plan and Budget Organization of Iran to finance part of the joint project

Tehran, Iran— Iran and Russia are looking to build a research spacecraft within two years and in this connection top universities from Iran and Russia have signed an agreement.

In an interview with Tasnim news agency, the president of the University of Tehran said the academic center has recently signed an agreement with the Moscow State University to develop a research spacecraft within two years.

Mohammad Moqimi noted that the execution of the project has kicked off, a working group has been set up, and the scientific activities related to the joint project have gotten underway.

A secretariat has also been established at the University of Tehran’s scientific and research department to oversee the project, he added.

He also noted that the Iranian vice president has assigned the Plan and Budget Organization of Iran to finance part of the joint project.

In recent years, the relations between Iran and Russia have been developing in all areas, from trade to military deals as well as the space sector.

In August 2022, Iran sent its homegrown remote sensing satellite “Khayyam” into orbit by a Russian Soyuz rocket from Kazakhstan.

Apart from strategic cooperation with Russia, a country with an advanced space industry, Iran plans to enhance its domestic space technology, Iran’s Minister of Communication and Information Technology Eesa Zarepoor said after the blastoff.