INSEAD Day 4 - 728x90

Iran

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.
  • Tehran, Iran -- Iranian President Masoud Pezeshkian on Tuesday proposed that Iran and its regional trading partners establish a shared currency to boost commerce amid crippling Western sanctions. Years of international sanctions, largely imposed by the United States over Tehran's nuclear programme, have severely weakened Iran's economy. The latest measures...
  • Prepared for action against Israel when time comes: Hezbollah

    Hezbollah deputy chief Naim Qassem spoke as Hamas and Israel traded heavy fire for a seventh day, after hundreds of Hamas gunmen stormed across the border from Gaza into Israel on Saturday and killed more than 1,300 people, most of them civilians. Israel has retaliated by bombarding Hamas targets in the...
  • Iran says US ‘can not renege’ on deal to transfer $6bn via Qatar

    Tehran, Iran-- Iran said the United States "can not renege" on an agreement to transfer $6 billion in frozen funds through mediator Qatar following Hamas bloody assault on Israel. Tehran, which financially and militarily backs Hamas, has come under intense scrutiny since fighters of the Islamist group stormed across Israel's southern...
  • Thousands protest across the world in support of Palestinians

    "No to the occupation! No to America!" chanted demonstrators gathered in central Baghdad after Shiite leader Moqtada Sadr called for a protest "in support of Gaza" and against Israel, an AFP journalist reported.
  • A ‘new front’ in Hamas war depends on Israel’s actions, says Iran

    Speaking from Beirut's airport, the top diplomat said that Iran's regional allies, known as the "axis of resistance", could respond if Israel's Gaza offensive escalates. "The continuation of war crimes against Palestinians and Gaza will receive a response from the rest of the axes," he told reporters. At least 1,200...
  • Iran calls on Islamic, Arab countries to confront Israel

    Hamas's weekend onslaught saw hundreds of fighters cross into the Israeli border in vehicles, by air and by sea, killing 1,200 people and seizing 150 hostages under the cover of a deluge of rockets. About another 1,200 people have been killed in thousands of Israeli strikes on Gaza, while a...
  • Saudi prince, Iran president hold call on Israel-Hamas war

    Analysts say the war has dealt a heavy blow to a possible landmark normalisation deal between Saudi Arabia, home to the holiest sites in Islam, and Israel. That process has been driven by US President Joe Biden's administration, with Riyadh bargaining hard for benefits from Washington including security guarantees and...
  • Qatar urges the West to pressure Israel to stop attacks against Palestinians

    Dubai, UAE--Condemning Israel's relentless bombardment of the Gaza Strip, Qatar's top diplomat has urged Western countries to exert pressure on the Tel Aviv regime to immediately stop its attacks against Palestinians. According to Mehr News Agency, Qatari Foreign Minister Mohammed bin Abdulrahman bin Jassim Al Thani held talks over the...
  • Israel-Hamas conflict sparks global economic anxiety

    With potential spikes in oil prices and uncertainty surrounding major projects like the IMEC, the world faces a complex economic future shaped by Middle Eastern tensions.
  • Oil prices spike as Hamas attack on Israel fuels supply fears

    The attack and Israel's declaration of war in response to it have raised concerns that a potential broadening of the conflict could draw in the United States and Iran. "Key for markets is whether the conflict remains contained or spreads to involve other regions, particularly Saudi Arabia," said ANZ Group's...
  • Death toll soars above 1,100 in Israel’s war with Hamas

    Caught unawares by the surprise attack, PM Benjamin Netanyahu has warned Israelis to prepare for a "long and difficult war" with Hamas, raising concerns of a much wider conflict.
  • World reacts to Israel-Gaza war

    President Joe Biden said US support for Israel was "rock solid and unwavering". "The United States stands with Israel," Biden said in a televised statement at the White House, flanked by US Secretary of State Antony Blinken.
  • Nobel winner Mohammadi celebrates prize in jail, says family

    Rights campaigner Narges Mohammadi "celebrated" her Nobel Peace Prize with fellow detainees in their Tehran prison cell, her family said. "Narges learned that she had been awarded the Nobel Peace Prize on Friday afternoon from messages sent from the men's unit, where they have easier access to telephones on Fridays,"...
  • Iran denounces ‘political’ Nobel Peace Prize

    Slamming the Nobel Committee for what he called as "false claims", Iran's Foreign Ministry spokesman said the committee awarded the Peace Prize to a person convicted of repeated violations of laws and criminal acts. He said it indicates the approach of some European governments to falsify information to produce "deviant...
  • Global tributes pour in for Nobel Prize winner jailed Iranian activist

    Human rights office spokeswoman Elizabeth Throssell said at a press briefing that the Nobel award for Mohammadi "highlights the courage and determination of the women of Iran". Mohammadi's husband, Taghi Rahmani, said the prize was "an award for all the men and the women who fight for Woman, Life, Freedom"
  • Jailed Iranian activist Narges Mohammadi wins Nobel Peace Prize

    Mohammadi's award comes after a wave of protests that swept Iran after the death in custody a year ago of a young Iranian Kurd, Mahsa Amini, arrested for violating Iran's strict dress rules for women. Mohammadi, a 51-year-old journalist and activist, has spent much of the past two decades in...
  • UAE President receives Speaker of Iranian Parliament

    Abu Dhabi, UAE – UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday received Mohammad Baqer Qalibaf, Speaker of the Iranian Parliament.  He was accompanied by Saqr Ghobash, Speaker of the Federal National Council (FNC). During the meeting at Qasr Al Shati in Abu Dhabi, the UAE president conveyed...
  • Qatar, Iran discuss cooperation in free zones, investment

    DOHA, QATAR -  Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad bin Mohammed Al Sayed, met with Advisor to the Iranian President and Secretary of the Supreme Council of Free and Special Economic Zones in the Islamic Republic of Iran, Hojjatullah Abdul...
  • Iran condemns Britain for criticism of satellite launch

    Last week, the Islamic republic said it had successfully launched the Noor-3 imaging satellite by its three-stage Qassed rocket, in the latest display of its aerospace technology. Western nations have been warning against such activity, saying the same technology can be used for ballistic missiles including ones designed to carry...
  • Iran plays down football spat with Saudi Arabia, says ties improving

    Tehran, Iran - Iran's top diplomat on Wednesday played down a spat with Saudi Arabia that prompted the cancelation of an Asian Champions League match, insisting relations with its longtime rival were improving. The row, over a statue of assassinated Revolutionary Guards commander Qasem Soleimani in the stadium in Iran's third...
  • Yemen economy tanks as peace talks make no headway, say NGOs

    "While economic challenges are rife across the country, rising inflation and the deterioration of public services are making life unbearable," said a statement signed by 35 Yemeni groups and 13 international aid organizations including the Danish Refugee Council and Save the Children.
  • Saudi-Iran club match axed amid row over slain commander’s statue

    The Saudi state-affiliated Al-Ekhbariya channel reported on Monday night that Ittihad had left Iran for Saudi Arabia. The dispute comes one month after Saudi Arabia and Iran announced a "groundbreaking" deal to resume home-and-away football matches between club sides after seven years of competing in neutral venues.
  • Iran says it opposes ‘geopolitical changes’ in Caucasus

    Foreign ministry spokesman Nasser Kanani, while voicing support for Azerbaijan's reclamation of the separatist Nagorno-Karabakh region last month, said Tehran is "against making geopolitical changes in the region and this is our clear position." He was referring to the Zangezur land corridor which would connect mainland Azerbaijan to its exclave...
  • Iran foreign trade posts 4.84% jump to US$54.6bn in last six months

    Tehran, Iran-- Iran's foreign trade has registered a 4.84 percent jump to $54.6 billion between March and September this year. According to the head of the Iranian customs office (IRICA) Mohammad Rezvanifar, 68 million tons of non-oil goods, valued at $24.1 billion, were exported overseas from March 21 to September...
  • Iraq and Iran review implementation of security agreement between two countries

    Tehran, Iran--Iraq and Iran have reviewed the implementation of the security agreement in a meeting between the secretary of Iran's Supreme National Security Council (SNSC) and Iraq's national security adviser. Iraq's National security adviser Qasim al-Araji, who arrived in Tehran on Sunday morning, met and held talks with General Ali-Akbar Ahmadian...
  • Rights group urges justice an year after Iran’s ‘Bloody Friday’

    Paris, France - Campaign groups on Saturday demanded the perpetrators of the killing of dozens of protesters in southeast Iran one year ago be brought to justice, accusing authorities of using force to quell the latest demonstration in the region. According to activists, Iranian security forces used live fire to suppress...
  • Iran proposes to Saudi Arabia to set up working group for visa cancellation

    Riyadh, Saudi Arabia--Iran has proposed to Saudi Arabia to set up a working group to look into the idea of cancelling visas between the two countries. In this regard, the Iranian deputy tourism minister traveled to Saudi Arabia to proposed the to Saudi Arabia the idea of visa cancellation. A...
  • Iran exports goods worth US$9.1bn to BRICS nations from March to August

    Tehran, Iran--Iran has exported 27.7 million tons of goods worth $9.1 billion to BRICS member countries from March 21-August 21, 2023). In the first five months of this year of 1402 in the Iranian calendar nearly 37 million tons of goods worth $25.1 billion were exchanged between Iran and current...
  • Iran successfully test fires military satellite, says state media

    Wednesday's launch was carried out by the aerospace wing of the Islamic Revolutionary Guard Corps (IRGC), the ideological arm of the country's armed forces.
  • Iran to sign long-term contract with India on Chabahar Port

    Tehran, Iran-- Iran will sign a long-term contract with India to develop Chabahar Port, according to the Islamic republic's minister of roads and urban development. Mehrdad Bazarpash emphasized that a long-term contract for the operationalization of Chabahar Port project with the Indians will be signed in the near future. He...
  • China slams US sanctions over Iran aircraft program

    Washington last week slapped sanctions on "seven individuals and four entities" based in Iran, China, Russia and Turkey it said had facilitated shipments and financial transactions involving Tehran's military hardware program. The United States accuses Iran of supplying Russia with drones, which have become a major feature of Moscow's war...
  • Bahrain says 2 soldiers dead in attack near Saudi-Yemen border

    The victims "were martyred while performing their sacred national duty to defend the southern borders of the sister Kingdom of Saudi Arabia", which has led a military coalition against Yemen's Houthi rebels since 2015, the military said in a statement. The incident occurred as Saudi Arabia is pushing for a...
  • Iran’s exports of agriculture products climb up 10% to US$1.62bn

    Tehran, Iran-- Iran's exports of agricultural products to the outside world shot up 10% in the first 5 months of this year, the Iranian customs administration reported on Monday, According to a report released by the Islamic Republic of Iran Customs Administration (IRICA) in the first 5 months of this year...
  • Iran does not intend to build nuclear weapons: Raisi

    Defending his country's enrichment of uranium to 60 percent purity level, noting that it was a response to European states failing to live up to the 2015 nuclear agreement, Iranian President Ebrahim Raisi has categorically rejected the Western states' claim that Tehran intends to build nuclear weapons, in an interview...
  • ‘Protect the planet, natural resources and heritage’

    "The UAE is steadfast in its efforts to mitigate tensions and advocates for dialogue and diplomacy as means of resolution. We're committed to fostering a new paradigm to bolster economic collaboration among regional countries, benefiting both their economies and their people, and enhancing regional stability and prosperity," she adds.
  • Iran criticizes US statement on islands dispute with UAE

    Iran said it had called in the Swiss envoy to deliver a protest over a “provocative” US statement on its decades-old dispute with the UAE over three Gulf islands. The foreign ministry was reacting to a joint statement issued by the US and six Gulf Arab states backing UAE calls...
  • Netanyahu at UN issues ‘nuclear’ threat to Iran, later retracted

    Netanyahu, who has repeatedly used the UN stage to issue dark warnings about Tehran, briefly gave pause at the General Assembly when he appeared to threaten nuclear attack if Tehran pursues its own atomic bomb. "Above all -- above all -- Iran must face a credible nuclear threat. As long...
  • Iran, Djibouti resume diplomatic ties after 7 years

    Iran announced the restoring of diplomatic ties with Djibouti over seven years after it joined other regional nations in severing ties with Tehran in support of Saudi Arabia. The decision by the Horn of Africa nation came months after Shiite-dominated Iran and Sunni-majority Saudi Arabia resumed relations under a China-brokered...
  • Man shoots multiple times in Lebanon’s US embassy, no casualty

    Beirut, Lebanon - A gunman fired more than a dozen bullets at the US embassy in Beirut, Lebanese officials said on Thursday, with the diplomatic mission reporting no casualties in the late evening incident. "At 10:37 pm local time (1937 GMT), small arms fire was reported in the vicinity of the...
  • Houthis display military strength two days after Saudi talk

    Armored cars, missiles and thousands of uniformed fighters filed past Houthi dignitaries in a show of strength from the Iran-backed group, as a military jet buzzed overhead. The parade took place two days after a Houthi delegation left Riyadh following "positive" but inconclusive talks aimed at ending a war that has ravaged...
  • US commander ‘concerned’ over Iran-Russia drone tech sharing

    Modified Iranian drones used by Moscow in its war in Ukraine could feed back to Iran, which in turn may employ them in its campaign to prop up Syrian President Bashar al-Assad, Lieutenant General Alexus Grynkewich told a briefing in Abu Dhabi. Washington accuses Iran of supplying Moscow with drones...
  • Iran may trigger nuclear arms race, says Saudi Arabia

    Saudi Crown Prince Mohammad Bin Salman cautioned against the world witnessing another tragedy like Hiroshima in an interview, saying it would mean war against rest of the world.
  • Houthi and Saudi engage in ‘positive’ talks

    Saudi Arabia and Iran-backed Houthi rebels put a positive spin on the inconclusive talks in Riyadh as diplomatic efforts increased to end Yemen's war. The five days of talks were "positive", Saudi officials and a senior Houthi said, after the rebel delegation ended the first public visit to the Saudi...
  • Russian defense minister says Moscow-Tehran ties improving despite sanctions

    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...
  • Syria’s Assad will visit China as Beijing boosts its reach in the Middle East

    Damascus, Syria - Syrian President Bashar Assad is set to make his first visit to China this week, highlighting China's continued support throughout Syria's 12-year conflict.  China has been expanding its presence in the Middle East, mediating between Saudi Arabia and Iran earlier this year and aiding Assad's regime, which...
  • Ronaldo helps Al Nassr to historic Asia Cup win in Iran

    Ronaldo played a key role in Nassr's opener just after the hour, the Portuguese instigating the move that led to Abdulrahman Ghareeb’s blocked shot cannoning off Persepolis full-back Esmaeilifar and nestling in the net. Ten minutes later, Nassr left-back Mohammed Qassem broke down the left and thumped his shot high past Beiranvand...
  • Biden pledges to extract ‘costs’ from Iran despite prisoner swap

    NEW YORK, US- President Joe Biden said the United States would keep piling "costs" on Iran despite a prisoner swap deal that freed five Americans on Monday. Biden confirmed that he was imposing new sanctions on Iran's intelligence ministry and former president Mahmoud Ahmadinejad for their involvement in "wrongful detentions." "Today,...
  • Five freed US detainees leave Iran in prisoner swap

    The five, who include a businessman and a conservationist, and who left Iran on a Qatari plane accompanied by two relatives, were freed in exchange for five Iranians held by the United States. The trigger for the exchange was the release of the $6 billion in funds, long frozen by...
  • Iran and Cuba to set up joint ‘technology and innovation’ center

    Tehran, Iran-- Iran and Cuba are looking to to set up a joint technology and innovation center to promote cooperation between the two countries’ technological companies. In a meeting held in Havana on Friday, Iran’s Vice-President for Science and Technology Ruhollah Dehqani and Cuba’s Minister of Science, Technology and Environment...
  • Iran steel production to rise by 22% in two years to 55MT annually

    Tehran, Iran -- Iran’s annual steel production capacity is expected to increase by more than 22 percent within the next two years to reach 55 million metric tons (mt) by 2025, a senior member of the Board of Directors of the Iranian Steel Producers Association (ISPA) said. Bahador Ehramian stated that...
  • IAEA denounces Iran over latest inspector exclusion

    Iran's foreign ministry said that the move to withdraw accreditation from several of the UN's nuclear watchdog inspectors was in retaliation for "political abuses" by the United States, France, Germany and Britain. But IAEA director general Rafael Grossi said that this would seriously hamper the ability of the IAEA to...