Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Iran FM holds talks with Saudi Crown Prince after Tehran’s ceasefire with Israel

This handout picture provided by the Iranian foreign ministry shows Iran's Foreign Minister Abbas Araghchi (L) meeting with Saudi Arabia's Foreign Minister, Prince Faisal bin Farhan al-Saud, in Jeddah on May 10, 2025. AFP
  • Saudi Crown Prince Mohammed bin Salman said his country hoped the truce would contribute to regional stability
  • Iranian Foreign Minister Araghchi "expressed his gratitude" to Riyadh for its condemnation of Israel's attacks on Iran last month

Riyadh, Saudi ArabiaIran’s foreign minister has held talks with Saudi Arabia’s crown prince, the Saudi foreign ministry said, two weeks after a ceasefire between regional rivals Iran and Israel began.

Saudi Prince Mohammed bin Salman said his country hoped the truce would contribute to regional stability, and emphasised Riyadh’s position “in supporting dialogue through diplomatic means as a path to resolving disputes,” the ministry said in a post on X early Wednesday.

According to the Saudi ministry, Iranian Foreign Minister Abbas Araghchi “expressed his gratitude” to Riyadh for its condemnation of Israel’s attacks on Iran last month.

Israel launched its unprecedented bombing campaign on Iran on June 13, targeting military and nuclear facilities as well as residential areas.

The Israeli strikes killed more than 1,000 people, including senior military commanders and nuclear scientists, according to Tehran.

Israel, in turn, was hit by waves of drone and missile fire from Iran, which Israeli authorities said left at least 28 people dead.

The United States, which had been in talks with Iran about its nuclear programme since April, carried out its own strikes on Iran on June 22, targeting several nuclear sites.

The talks between Tehran and Washington have since stalled, but the ceasefire between Iran and Israel has been in place since June 24.

Iran, with its Shiite Muslim majority, and Sunni-majority Saudi Arabia have often been on opposing sides of regional conflicts, including in Syria and Yemen.

The two regional heavyweights broke off diplomatic relations in 2016 before re-establishing them in 2023 under a rapprochement deal brokered by China.

It amounted to a diplomatic achievement for Prince Mohammed, who has taken a more conciliatory approach to regional diplomacy in recent years.

Saudi Arabia condemned the Israeli strikes on Iran last month, calling them “aggressions” and a “clear violation of international laws”.

Riyad also expressed its “great concern” following the US strikes on Iranian nuclear facilities.

Iranian foreign ministry spokesman Esmaeil Baqaei said Araghchi held “fruitful conversations” with Prince Mohammed, as well as Foreign Minister Prince Faisal bin Farhan and Defence Minister Prince Khaled bin Salman about bilateral relations and developments in the region.