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.

Former housing minister Iran’s new atomic energy chief

  • Eslami, a US-trained engineer, has no expertise in the field.
  • Salehi had played a crucial role in the nuclear deal diplomacy.

 

 

 

DUBAI: Iran has appointed a new head of country’s Atomic Energy Organization someone with no expertise in the field, local media reports said.

Mohammad Eslami, who previously served as housing and transport minister, replaced the nation’s most prominent nuclear scientist and US educated Ali Akbar Salehi.

Salehi, a former foreign minister and longtime head of the atomic agency, played a crucial role in diplomacy that led to the nuclear deal with world powers. The deal, now virtually defunct, bound Tehran to limits on its nuclear program in exchange for sanctions relief.

Eslami is a US-trained engineer and is believed to have ties to Iran’s military industry, having served as a deputy minister in the Defense Ministry’s research department. He also served as director of the Iran Aircraft Manufacturing Industrial Company and deputy chief of the Aerospace Industries Organization.