Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

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.