INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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

Relations between Iran and Russia have been developing in all areas, from trade to military deals as well as the space sector.
  • 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.