Search Site

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Russian defense minister says Moscow-Tehran ties improving despite sanctions

There is a trust-based relation between the leaders of Moscow and Tehran, Russian Defense Minister Sergey Shoigu said. (TASS)
  • The Russian defense minister announced readiness to take joint steps to strengthen stability and security in the Middle East.
  • The Russian minister said that cooperation and dialogue between Moscow and Tehran has enhanced recently.

MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on Wednesday.

“We are determined to implement the entire set of our planned activities despite opposition from the US and its Western allies,” Shoigu said during talks with Iranian Defense Minister Mohammad-Reza Ashtiani, TASS news agency reported.

“The pressure of sanctions on Russia and Iran is proving to be futile, while cooperation between the two countries is reaching new highs,” he said.

The Russian defense chief also announced readiness “to take further joint steps to strengthen stability and security in the Middle East.”

He said, “We are pleased to note that Russia-Iran dialogue has been particularly intense recently.”

According to him, this is largely due to the trust-based relations between the leaders of Russia and Iran, TASS news agency reported

“The high intensity of meetings confirms our common determination to continue boosting strategic defense partnership,” Shoigu said.