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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.
  • Iran and Russia sign deal to build research spacecraft in two years

    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...
  • Iran-US non-oil trade reaches US$31m in January-July 2023

    TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United States in the first seven months of 2023 registered a 26 percent growth compared to the same period last year.The two countries traded over $31 million worth of non-oil products...
  • Iran’s oil exports to China touch all-time record in August

    Tehran, Iran--Iran’s oil exports to China hit an all-time record in August despite continued US pressure on the country, according to data from a major international energy data company.The Sunday report by Fars news agency said Iran’s oil exports to China had reached an average of 1.5 million barrels per...
  • Six arrested in Iran over planned rioting on Amini death anniversary

    Tehran, Iran - Authorities in Iran's southwest have arrested six people accused of "organizing riots" on the first anniversary of Mahsa Amini's death in custody which triggered nationwide protests, state media reported on Saturday.Amini, an Iranian Kurd, died on September 16, 2022, after her arrest in Tehran for alleged breach of...
  • Countries must cooperate to battle sandstorm threat, say UN, Iran

    Countries in the Middle East, Africa and Asia must work together to combat sand and dust storms made increasingly severe by climate change, the United Nations and Iran said. “I urge you to use your time in Tehran to build partnerships, increase cooperation and commit to practical action,” UN chief...
  • Russia’s largest bank launches new services in Iran

    Tehran, Iran--Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to the Islamic Republic of Iran, the bank announced on Thursday.The service is available to both individuals and businesses using their Sber accounts, according to the bank.  “The money transfer service to Iran...
  • Russia’s Sberbank launches new tourism-oriented services in Iran

    Tehran, Iran -- Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to Iran.The service is available to both individuals and businesses using their Sber accounts, Tasnim reported.“The money transfer service to Iran is new to us and the demand for it has...
  • Iran receives US$6.7bn foreign investment in May 2023 EXPO, says official

    TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held in early May here, Iran’s deputy foreign minister for economic diplomacy affairs said.  Mehdi Safari said on Thursday that Iran seeks to break new records in foreign investment attraction and even...
  • Production of pick-up trucks and vans in Iran rises by 52-70%

    Tehran, Iran -- Production of pick-up trucks and vans in Iran in the first five months of the current Iranian calendar year (March 21 to August 22, 2023) registered a 52 and 70 percent growth respectively compared to the same period of last year, Tasnim News Agency reported.In this timespan,...
  • Saudi, Iran exchange ambassadors after years-long rupture

    Saudi Arabia's embassy in Tehran resumed operations last month. In June, Iran marked the reopening of its embassy in Riyadh with a flag-raising ceremony. Last month Iran's top diplomat, Foreign Minister Hossein Amir-Abdollahian, preached unity and dialogue during his first visit to Saudi Arabia since the surprise rapprochement was announced,...
  • Saudi Arabia and Iran two most influential countries in Islamic world: Raisi

    Tehran, Iran--Iran's President Ebrahim Raisi has termed Saudi Arabia and Iran as the two most influential countries in the region and the Islamic world as he lay emphasis on the need for strengthening relations between the two.The president made the remarks In a meeting with Iran's newly-appointed ambassador to Saudi...
  • UN nuclear watchdog ‘regrets’ lack of Iranian cooperation

    International Atomic Energy Agency (IAEA) director general Rafael Grossi "requests Iran to work with the agency in earnest and in a sustained way towards the fulfilment of the commitments," the agency said in a confidential report seen by AFP. Tehran in March vowed to reactivate surveillance devices which were disconnected...
  • Saudi and Iran to resume home-and-away matches: AFC

    The move by the two countries' football federations would contribute to "fostering closer ties between their respective footballing communities, allowing clubs to host matches on their home turf and visiting the respective away stadiums, creating a more engaging and exciting experience for the fans and players alike," the Asian Football...
  • Iran expects cooperation with Turkey to grow in Erdogan’s new term

    Tehran, Iran-- Iran's President Ebrahim Raisi expects cooperation between his country and Turkey to grow during the "new term" of Turkey's President, Recep Tayyip Erdogan.The president made the remarks during a meeting with with the visiting Turkish foreign minister and his accompanying delegation in Tehran on Sunday.Referring to the cultural...
  • Iran targets $30bn in annual trade with Turkey: Amirabdollahian

    Tehran, Iran -- Iran and Turkey target $30 billion in annual trade in their endeavor to broaden political and economic relations, Iran's Foreign Minister Hossein Amirabdollahian said Sunday.Speaking at a joint press conference with his Turkish counterpart Hakan Fidan, held in Tehran on Sunday, Amirabdollahian said they have held extensive...
  • Iran’s oil output capacity up 40 percent in two years: Oil Minister

    Tehran, UAE -- Iran’s oil production capacity has increased 40 percent in two years with the rise in investment in semi-finished oil projects, the country's Minister of Oil Javad Owji said Sunday.He said since the beginning of the administration of President Ebrahim Raisi, in August 2021, increasing investment opportunities in...
  • Iran receives first batch of Russian combat trainer jets

    According to an Iranian media outlet, a batch of advanced Yak-130 training aircraft flew into the Shahid Babaei Air Base in Isfahan in central Iran, part of the Islamic republic's arms contracts with Russia. The army's public relations department said that jets will improve the training and combat capability of...
  • Iran and Syria sign agreement to build rail connection via Iraq

    Tehran, Iran-- Iran and Syria have signed an agreement to connect the rail network between the two countries through Iraq.Mehrdad Bazrpash, Iran's Minister of Roads and Urban Development, made the announcement at the inauguration ceremony of the construction of the Shalamcheh-Basra railway on Saturday. "The construction of the Shalamcheh to Basra...
  • Clashes hit Kurdish-held east Syria after curfew

    BEIRUT, LEBANON - Sporadic clashes took place on Saturday in a Kurdish-held area of eastern Syria, a monitor said, after a curfew was imposed following the arrest of an Arab armed group's leader.Fighting erupted in the Kurdish-controlled areas of Deir Ezzor province on Monday after the Kurdish-dominated Syrian Democratic Forces (SDF)...
  • Nobel Foundation withdraws invitation to Russia, Belarus envoys

    Ukrainian foreign ministry spokesman Oleg Nikolenko wrote on Facebook that the foundation should support efforts to isolate Russia and Belarus as "millions of Ukrainians suffer from an unprovoked war and the Russian regime is not punished for its crimes". Swedish Prime Minister Ulf Kristersson also said he disagreed with the...
  • Iraq-Iran rail link to facilitate travel, tourism and medical treatments

    Iraq's prime minister inaugurated construction work on what is slated to become the first railway line connecting the country to neighboring Iran. The "Basra-Chalamja connection project" will link the major port city of Basra in southern Iraq to Iran's vast railway network through the Chalamja border crossing, a transport ministry...
  • Iran pilgrims among 18 dead in Iraq road accident

    Baghdad, Iraq--A road accident killed 18 people, mostly Iranian pilgrims, north of the Iraqi capital Baghdad overnight, the state news agency INA reported Saturday.The "horrible accident" between Dujail and Samarra also injured 15 people, INA said, citing the toll from Khaled Burhan, director of health services in Salaheddine province.He did...
  • Iran reports 15% surge in gasoline output

    Tehran, Iran - Iran has reported a 15% surge in its gasoline output this year compared to last year. The boost in production has come in response to a growing domestic demand for fuel in the country. Alireza Jafarpour, Chief Executive of the Persian Gulf Star Oil Refinery, announced that the...
  • Iran FM rejects Macron remarks over Lebanon ‘interference’

    Taking a dig at President Emmanuel Macron, Iran's Foreign Minister Hossein Amir-Abdollahian said that Macron should focus on "situation inside France instead of paying attention to questions of interference in other countries." Iran had rebuffed French accusations over Tehran's interference in Lebanon that France sees as a roadblock to end...
  • Iran’s non-oil export to ECO countries from Mar 21 to July 22 2023 reaches $3.6bn

    TEHRAN, IRAN  – Iran’s export of non-oil products to the Economic Cooperation Organization (ECO) member states in the first four months of the current Iranian year exceeded $3.6 billion, an official said.Iran exported $3.615 billion worth of non-oil goods to the ECO member states from March 21 to July 22,...
  • Iraq jails Iranian, 4 Iraqis for life for killing US citizen

    No Iraqi officials or security sources have been able to tell AFP why the killing of Stephen Troell took place in a city where such attacks on foreigners have been rare in recent years. Troell had lived with his wife and children in the Iraqi capital for at least two years....
  • Constructive Saudi pledges made for Lebanon assistance: Iran FM

    Tehran, Iran -- Iranian Foreign Minister Hossein Amirabdollahian said Thursday that discussions with Saudi authorities have resulted in constructive statements regarding assistance for Lebanon's situation."In the discussions we had with Saudi authorities, we heard constructive statements from them regarding assistance to the situation in Lebanon," Amirabdollahian stated, adding that the...
  • Iran’s mineral reserves valued at over $15bn, says official

    Tehran, Iran - Iran's in-situ and proven mineral reserves are now worth more than $15 billion,  the director general of Iran's Department of Exploration Affairs announced on Tuesday.  The reserves, according to Ebrahim Ali Molabeigi, encompass six different minerals comprising iron ore, lead and zinc, gold, copper, antimony, and coal.Molabeigi said...
  • BRICS, SCO membership to reduce West’s sanctions effect, says Iran

    "Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional alliances very effective," Raisi stressed.
  • Iranian company SAIPA to export cars to Russia

    TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been inked for exporting 120,000 passenger and commercial vehicles to Russia.Mohammad Teymouri pointed to his visit to Russia’s car market last week and stated that a contract was concluded for exporting...
  • Iran’s non-oil exports reach US$19.3bn in March to July 2023

    TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five months of the current Iranian calendar year, the Islamic Republic of Iran Customs Administration (IRICA) announced on Tuesday.Also, 14.4 million tons of non-oil goods, valued at US$24.2 billion, were imported...
  • There are no frozen assets abroad, says Iranian President

    TEHRAN, IRAN   – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea and that all other foreign assets are at the Central Bank of Iran’s disposal.“We have already made it clear that the only blocked money was in South Korea. In other...
  • West has failed to isolate Iran, says President Ebrahim Raisi

    Raisi was referring to sanctions imposed on Iran since the United States torpedoed the nuclear deal in 2018, as well as protests that erupted in September 2022 over a young woman's death in custody.
  • India and Iran reach agreement on Chabahar Port development

    Tehran, Iran -  India and Iran have reportedly reached an agreement on the legal terms for the development of the deep-sea Chabahar Port in southeast Iran. The agreement marks a breakthrough in their long-standing negotiations and could potentially pave the way for a long-term deal between the two nations.The breakthrough...
  • Iran vows to respond if Iraq fails to disarm Kurdish rebels

    Tehran, Iran - Iran on Monday warned Iraq that it would take action if Baghdad does not honor its commitment by mid-September of disarming Iranian Kurdish rebel groups on its territory."According to a deal reached between the Iranian and Iraqi governments, the Iraqi government has pledged to disarm armed terrorist groups...
  • Iran inaugurates final phase of country’s largest gas field

    The South Pars gas field is one of the world's largest natural gas condensate fields. Iran shares the gas field with energy giant Qatar and there are 24 platforms on the side of the Islamic republic which has been developing it in the Gulf since the 1990s.
  • Political News Iran Saudi Arabia

    Saudi Arabia and Iran invited to Moscow-led defense bloc’s military drills

    Moscow, Russia -- Collective Security Treaty Organization (CSTO) member states have invited observers from Saudi Arabia, Iran, China and Mongolia to monitor the Combat Brotherhood-2023 drills in Belarus, CSTO Joint Staff Chief Colonel General Anatoly Sidorov said at a briefing.Saudi Arabia, Iran, China and Mongolia are not the members of...
  • NIDC drills 195 oil wells in 2 years

    Wells were drilled in onshore, offshore operations.
  • Iran hopes joining BRICS likely to enhance trade and business

    Tehran, Iran - Iran’s membership in the BRICS group will lead to the promotion of exports and trade activities, an official was quoted as saying by local media reports.Deputy Chairman of Iran Chamber of Cooperatives for Legal Affairs Arsalan Ghasemi said that to tackle economic sanctions by the West against...
  • Iran says European countries willing to buy our drones

    TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the Iranian Defense Ministry said.Speaking to Tasnim, Brigadier General Reza Talaee Nik said Iranian-made military drones have a lot of potential customers.Many countries, including a number of Western and European states,...
  • Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023

    TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of the current Persian calendar year (March 21 to July 22), the director general of the Trade Promotion Organization of Iran (TPOI) for West Asia said.The administration of President Ebrahim Raisi...
  • Iran readies to finalize document on wider cooperation with Oman

    Tehran, Iran -- Iran has expressed its readiness to finalize the provisions of a strategic document on comprehensive cooperation with Oman.In a telephonic conversation, Iranian Foreign Minister Hossein Amirabdollahian and his Omani counterpart Sayyid Badr Albusaidi exchanged views on issues of mutual interest in bilateral, regional and international arenas.Amirabdollahian highlighted...
  • Iran world’s eighth largest steel producer in first half of 2023

    Tehran, Iran -- Iran became the eighth largest steel supplier in the world in the first half of 2023 as the country kept increasing its output despite supply and price hike in international markets caused by the Ukraine War.Figures from the World Steel Association (WSA) showed that Iran’s steel output...
  • Iran-Russia military ties not subject to US dictates: Russia deputy FM

    Tehran, Iran--Iran and Russia are independent countries whose military cooperation is not subject to the dictates of the United States and its allies, Russian Deputy Foreign Minister says.Russia's military cooperation with Iran will not succumb to geopolitical pressure, Russian Deputy Foreign Minister Sergei Ryabkov said.Ryabkov said in response to a...
  • 10 killed as minibus plunges into ravine in Iran

    TEHRAN, IRAN - A minibus carrying mountaineers in Iran plunged into a ravine, killing 10 people, state media reported on Saturday.The accident occurred on Friday near the city of Varzaghan, in East Azerbaijan province, said the provincial emergency services spokesman, Vahid Shadinia, according to state news agency IRNA.The minibus was heading...
  • Iran court asks US to pay $330m fine for planning a coup against Tehran

    A court in Tehran has ordered the US government to pay $330 million in damages for "planning a coup" against the newly established Islamic republic in 1980, the judiciary said. A year after the 1979 Islamic revolution that toppled the US-backed Shah, a group of mostly army officers tried to...
  • BRICS expansion points to a shift in global dynamics

    The Middle East, with its vast resources and strategic position, can play a crucial role in BRICS' vision of a more equitable and democratic global order as the BRICS move to include countries such as Saudi Arabia and the UAE can further reduce the alliance's dependence on Western financial institutions,...
  • Saudi Arabia has diplomatic, external, and military options against Iran threat: MEI

    Riyadh, Saudi Arabia  - Saudi Arabia has to not only enhance its defensive capabilities but also establish effective deterrence measures against Iran and its proxies, particularly in the context of its ambitious Vision 2030 initiative, a latest analysis by Middle East Institute (MEI) says. The policy brief authored by MEI analyst...
  • BRICS secures 47% global oil with Saudi Arabia, UAE, Iran inclusion

    Tehran, Iran - The inclusion of Saudi Arabia, the UAE, and Iran, will significantly increase BRICS’ weight in the oil market, as per calculations based on 2022 OPEC data, reported by InfoTech news outlet on Thursday.Together with the existing participants, Russia and Brazil, these countries jointly command 39% of the...
  • Iran’s BRICS membership to strengthen group, says XI

    TEHRAN/ JOHANNESBURG, IRAN/ SOUTH AFRICA - The Iranian and Chinese presidents stressed the need to bolster bilateral cooperation and the trend of multilateralism especially within the framework of BRICS.Iranian President Ebrahim Raisi held talks with his Chinese counterpart Xi Jinping on the sidelines of the BRICS+ Summit on Thursday to discuss...