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 to link up electricity grid with Russia via Azerbaijan

The electricity exchange between Iran, Russia, and Azerbaijan is expected to start in six months.
  • The Iranian minister said feasibility studies for connecting power grids have been conducted through three routes including Georgia, Azerbaijan, and Turkmenistan
  • He said the use of electricity in Iran’s industrial sector has exceeded that of the household sector for the first time in the history of the country’s power industry

Tehran, Iran— Iran is linking up its electricity grids with Russia via Azerbaijan in order to make up for its power shortfall.

The Islamic republic’s minister of energy said the electricity grids of Iran and Russia would be connected, adding that feasibility studies for the connection via the Republic of Azerbaijan’s territory have been conducted.

Speaking during a visit to the 23rd edition of the Iran Int’l Electricity Exhibition (IEE) and the first edition of the Iran Electricity Industry Tech Market Festival at the Tehran Permanent International Fairgrounds on Tuesday, Ali Akbar Mehrabian said feasibility studies for connecting power grids have been conducted through three routes including Georgia, Azerbaijan, and Turkmenistan.

The Republic of Azerbaijan has been chosen as the best route for this aim, Mehrabian added.

It is hoped that electricity exchange between Iran, Russia, and Azerbaijan will start in six months, he said, adding that this project is very economical because the peak of consumption of power is completely different in Iran and Russia.

In other words, when the use of electricity is high in Russia, Iran has the lowest consumption rate, the energy minister added.

Elsewhere in his remarks, the energy minister said the use of electricity in Iran’s industrial sector has exceeded that of the household sector for the first time in the history of the country’s power industry.

Holding the exhibition with the participation of foreign companies indicates the privileged status of Iran’s power industry both in the regional and international arenas, he emphasized.

The exhibition kicked off at the Tehran Permanent International Fairgrounds on November 14 and will run through November 17.