This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

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

  • 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.