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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Iranian artworks fetch over $10m during Tehran Auction

  • The highest-earning painting was Reza Derakhshani’s Counting Days and Nights, Every Day and Every Night
  • The mixed-media painting with fig leaves on canvas, created in 2017, fetched 52 billion rials (about $1.24 million)

The 14th edition of the now-biannual auction event organized by Tehran Auction has grossed 421.8 billion rials (more than $10 million according to the mid-market rates confirmed by xe.com).

The highest-earning painting (shown above) was Reza Derakhshani’s Counting Days and Nights, Every Day and Every Night.

The mixed-media painting with fig leaves on canvas, measuring 1.8 m x 4 m and created in 2017, fetched 52 billion rials (about $1.24 million).

A total of 120 lots of modern and contemporary Iranian works of art were offered during the auction held at Tehran’s Parsian Azadi Hotel.

Blue Dome I, a mixed-media on linen by YZ Kami, aka Kamran Youssefzadeh, was the second-most expensive work sold at the sale. It fetched 46 billion rials (around $1.1 million).

The third-most expensive work at the sale was We the Roses, a painting by Farhad Moshiri, who created the artwork in 2012. It fetched 42 billion rials (just about $1 million).

It was followed by Abandoned Emperor, an oil painting on canvas created by Vahed Khakdan in 2017, which sold for 17 billion rials (a little more than $400,000).

The 13th Tehran Auction held on January 15 grossed about 880 billion rials (about $20.94 million).

Started in 2012 as an annual event, Tehran Auction has since 2018 been held regularly as a biannual event in January and June.

However, the June 2020 event was cancelled due to the Covid-19 pandemic.