INSEAD Day 4 - 728x90

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.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Russian defense minister says Moscow-Tehran ties improving despite sanctions

There is a trust-based relation between the leaders of Moscow and Tehran, Russian Defense Minister Sergey Shoigu said. (TASS)
  • The Russian defense minister announced readiness to take joint steps to strengthen stability and security in the Middle East.
  • The Russian minister said that cooperation and dialogue between Moscow and Tehran has enhanced recently.

MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on Wednesday.

“We are determined to implement the entire set of our planned activities despite opposition from the US and its Western allies,” Shoigu said during talks with Iranian Defense Minister Mohammad-Reza Ashtiani, TASS news agency reported.

“The pressure of sanctions on Russia and Iran is proving to be futile, while cooperation between the two countries is reaching new highs,” he said.

The Russian defense chief also announced readiness “to take further joint steps to strengthen stability and security in the Middle East.”

He said, “We are pleased to note that Russia-Iran dialogue has been particularly intense recently.”

According to him, this is largely due to the trust-based relations between the leaders of Russia and Iran, TASS news agency reported

“The high intensity of meetings confirms our common determination to continue boosting strategic defense partnership,” Shoigu said.