Search Site

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.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Iran and Saudi ties effective in solving regional issues: Raisi

Iran's President Ebrahim Raisi. (AFP)
  • He made the comments during a meeting with Abdullah bin Saud Al-Anzi, the newly appointed Saudi ambassador to Iran
  • The new ambassador said the relations between Saudi Arabia and Iran are very strong because of commonalities between them

Tehran, Iran–Iran’s President Ebrahim Raisi believes the expansion of ties between Tehran and Riyadh will be effective in strengthening regional cooperation and solving the problem of the region and the Islamic world.

The president made the remarks in a meeting with Abdullah bin Saud Al-Anzi, the newly appointed Saudi Arabian ambassador to the Islamic Republic of Iran on Tuesday.

During this meeting, Raisi received the credentials of the Saudi Arabian envoy.

Raisi also emphasized the necessity of efforts of the diplomatic apparatus of the two countries to strengthen mutually beneficial relations and ensure the interests of the nations of the region and the Islamic world.

Referring to crimes of the Zionist regime in Occupied Lands, Raisi said that the unified position of the Islamic world could have prevented the oppression and aggression of the Zionist regime.

Elsewhere in his remarks, he said that the presence of foreigners in the region not only does not solve any problems but is itself a factor in aggravating the problems.

The relations between Iran and Saudi Arabia are very strong because the ties and commonalities between the two nations and countries are more than the differences between them, the Saudi Arabian ambassador said for his part.

“The Islamic Republic of Iran has helped Saudi Arabia in many fields and issues, and I hope that we will witness the improvement and expansion of relations and cooperation between the two countries day by day,” he added.