Search Site

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

Iran names envoy to UAE after nearly eight-year absence

A file picture of Iranian President Ebrahim Raisi. (AFP)
  • The move comes after Iran welcomed an Emirati ambassador last September ending a six-year absence
  • The UAE had cut the level of its diplomatic representation after neighbouring Saudi Arabia severed ties in 2016

Tehran, Iran – Iran has named an ambassador to the United Arab Emirates nearly eight years after his predecessor left, as a thaw in relations with the Gulf Arab states picks up pace.

“After some eight years, the foreign ministry has named Reza Ameri as the Islamic Republic of Iran’s new ambassador to the United Arab Emirates,” Iran’s official IRNA news agency reported late Tuesday.

The move comes after Iran welcomed an Emirati ambassador last September ending a six-year absence.

The UAE had cut the level of its diplomatic representation after neighbouring Saudi Arabia severed ties in 2016 following the ransacking of its diplomatic missions in Iran by protesters angered by its execution of a leading Shiite cleric.

After several of its Gulf allies led the way, Riyadh restored diplomatic relations with Tehran last month in a fence-mending deal brokered by Beijing.

Iranian President Ebrahim Raisi has accepted an invitation to Riyadh from Saudi Arabia’s King Salman, First Vice President Mohammad Mokhber confirmed on Monday.

Iran and the United Arab Emirates have long had close economic ties which continued even during the diplomatic chill.

A veteran diplomat who served most recently as director general of the foreign ministry’s diaspora affairs department, Ameri’s career had previously taken him to Algeria, Sudan and Eritrea.