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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Iran hopes to see sanctions relaxed to export gas to Europe

If EU initiates new sanctions it will definitely be irrational, said Iranian foreign ministry's spokesman Nasser Kanani. (AFP)
  • Iran is engaged in talks with world powers to revive its 2015 nuclear deal which the US unilaterally abandoned in 2018.
  • Iran has the world's second largest natural gas reserves after Russia, but lacks the infrastructure to increase its exports.

Tehran, Iran – Iran said Monday it hopes to see US sanctions eased or lifted to allow it to sell natural gas to Europe, easing the continent’s shortfall as Russian energy exports are restricted.

“Given Europe’s energy supply problems triggered by the Ukraine crisis, Iran could provide Europe’s energy needs if sanctions against it are lifted,” said foreign ministry’s spokesman Nasser Kanani.

Iran is engaged in talks with world powers to revive its 2015 nuclear deal which the United States unilaterally abandoned in 2018, with Tehran pushing for the lifting of US economic sanctions.

“We hope an agreement will be reached to let Iran play a more efficient role, with the aim of providing the energy needed for countries around the world and for European countries,” Kanani told a weekly news conference.

Iran has the world’s second largest natural gas reserves, after Russia, but lacks the infrastructure to increase exports, which are currently limited to Iraq and Turkey.

Iran and the six other parties to the 2015 nuclear accord — Britain, China, France, Germany, Russia and the United States — have been negotiating a return to the agreement.

It gave Iran sanctions relief in exchange for curbs on its nuclear program to guarantee that Tehran can not develop a nuclear weapon — something it has always denied seeking.