INSEAD Day 4 - 728x90

Iran

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings
  • Iran-Turkey trade to hit US$15bn on back of private sector cooperation

    Tehran, Iran-- Bilateral trade between Iran and Turkey is expected to vault to US$15 billion by 2025 on the back of deeper cooperation with the private sector. According to a senior official in Iran’s Trade Promotion Organization (TPO) trade with Turkey will easily reach $15 billion in early March 2025...
  • Arab-China summit sees $10bn deals on first day

    Investment agreements between the two sides covered diverse sectors such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare.
  • Iran’s supreme leader urges cooperation with IAEA

    Iran's supreme leader urged continued cooperation with the UN nuclear watchdog, while warning against succumbing to "bullying" based on "unfounded claims". "Cooperation with the International Atomic Energy Agency within the framework of safeguards regulations should be maintained," Ayatollah Ali Khamenei said during a meeting with Iranian nuclear scientists, experts and...
  • Iran’s Raisi, France’s Macron discuss ways to promote ties

    Iran's President Ebrahim Raisi and his French counterpart Emmanuel Macron in a lengthy phone call discussed ways to promote ties, state media reported. "The two sides discussed how to promote relations especially about ongoing negotiations and regional developments," IRNA state news agency quoted Raisi's deputy chief of staff Mohammad Jamshidi...
  • Russia plans to make Iranian drones by next year, says US government

    Russia is receiving materials from Iran to build a drone factory that "could be fully operational early next year," White House national security spokesman John Kirby warned. The White House released a satellite image of the location of the prospective plant in Alabuga special economic zone, some 900 kilometers east...
  • Palestinian president Mahmud Abbas to visit China next week

    "At the invitation of President Xi Jinping, president of the state of Palestine Mahmud Abbas will pay a state visit to China from June 13 to 16," foreign ministry spokesperson Hua Chunying said. Beijing has positioned itself as a mediator in the Middle East, brokering the restoration of ties between...
  • Iran envoy to Saudi Arabia: Israel out to disrupt Tehran-Riyadh detente

    Riyadh, Saudi Arabia - Israel is not happy with the restoration of diplomatic relations between Tehran and Riyadh and is actively seeking to disrupt it, Alireza Enayati, Iran's new ambassador to Saudi Arabia, said in an interview with Iran's al-Alam news network. “Many of our friends and brothers welcomed the...
  • GCC, US vow to work jointly for regional stability

    The strategic partnerships between the two sides seek to focus on peace, security, stability, integration, and economic prosperity in the Middle East.
  • US remains invested in Gulf partnerships, Blinken tells diplomats

    Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince Faisal bin Farhan and Crown Prince Mohammed bin Salman.
  • Iran’s emerging pivot to Russia and China is for strategic leverage: study

    Dubai, UAE - Iran’s pivot to Russia and China has been driven by various factors, most notably the United States' withdrawal from the 2015 Joint Comprehensive Plan of Action (JCPOA) on May 8, 2018, says a study published by Middle East Institute.  Quoting Iran’s foreign ministry statement "the world is...
  • Iran hints at cooperation with Saudi Arabia on ‘peaceful nuclear technologies’

    Tehran, Iran-- With the restoration of diplomatic ties between Iran and Saudi Arabia, the talk in government circles in Tehran is now focused on cooperating with Riyadh on peaceful nuclear technologies. A hint of the potential cooperation between the two former adversaries came in a tweet by a media outlet...
  • China firms under sanction by US for assisting Iran missile program

    WASHINGTON, US- The United States placed sanctions on Tuesday on several Chinese and Hong Kong firms it said were supplying Iran's ballistic missile program. The US Treasury said the Chinese companies shipped centrifuges for producing fuels, non-ferrous metals with potential military use, electronics and gyroscopes to already-sanctioned Iranian government bodies and...
  • Iran reopens embassy in Saudi Arabia, confirming China-brokered detente

    "We consider today an important day in the relations of the Islamic Republic of Iran and the Kingdom of Saudi Arabia," Iranian Deputy Foreign Minister Alireza Bigdeli told a flag-raising ceremony. "The cooperation between the countries is entering a new era."
  • Blinken on three-day Saudi Arabia visit to rebuild strained ties

    Blinken's trip will also focus on efforts to end conflicts in Sudan and Yemen, the joint battle against the Islamic State group and the Arab world's relations with Israel. His visit comes at a time of quickly shifting alliances in the Middle East, centered around a China-brokered rapprochement in March...
  • Iran unveils hypersonic missile, says will boost country’s deterrence

    Iran's Revolutionary Guards unveiled an intermediate range ballistic missile capable of traveling at hypersonic speeds of up to 15 times the speed of sound, state television reported. President Ebrahim Raisi hailed the new missile's hypersonic capability, saying it would boost Iran's "power of deterrence" and "bring peace and stability to...
  • Iran says will reopen embassy in Saudi Arabia on Tuesday

    Iran is set to reopen its embassy in Saudi Arabia on Tuesday following a seven year closure, Tehran and a diplomatic source said, sealing a Chinese-brokered rapprochement deal announced in March. Riyadh severed relations with Tehran in 2016 after its embassy and consulate in Iran were attacked during protests.
  • Iran calls for expansion of ties between Tehran and Ankara

    Tehran, Iran-- Iran has called for expansion of ties between Tehran and Ankara after the victory of the incumbent president of Turkey in the recently held elections in the country. The sentiment was expressed by Iran's foreign minister Hossein Amir-Abdollahian in a phone call with his Turkish counterpart Foreign Minister...
  • Dane, two Austrian-Iranian citizens released by Tehran arrive home

    One Dane and two Austrian-Iranian citizens released from detention by Tehran arrived in their home countries, after the latest in a series of prisoner swaps. The three Europeans had landed at Melsbroek military airport just outside Brussels. They had flown there from Muscat, the capital of Oman which helped broker...
  • Iran, Saudi Arabia, UAE, Iraq, other regional powers plan naval coalition

    Iranian Navy Commander Rear Admiral Shahram Irani has declared the formation of a new naval coalition. This alliance, encompassing regional powers like Saudi Arabia, UAE, Qatar, Bahrain, and Iraq, aims to enhance maritime security and underlines the increasing recognition of the need for regional synergy in establishing security.
  • Danish, two Austrian-Iranian citizens freed by Iran

    Iran released one Danish and two Austrian-Iranian citizens it had been holding after mediation by Oman, and they are being flown to Belgium, said the country's Prime Minister Alexander De Croo. This comes a week after Tehran freed a Belgian aid worker in exchange for an Iranian diplomat who was...
  • UAE withdraws from US-led coalition that secures Gulf waterways

    "As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew its participation in the Combined Maritime Forces," a statement carried by the official WAM news agency said. The Bahrain-headquartered CMF was established in 2001, initially as a partnership between 12...
  • UAE is a reliable trade partner: Iranian foreign minister

    Tehran, Iran-- Terming the UAE as a reliable trade partner, Iran's Foreign Minister Hossein Amir Abdollahian said bilateral between the two countries are developing in both government and private sectors. He made the remarks during a meeting with Khalifa Shaheen Al Marar, Minister of State of the UAE on Tuesday...
  • Iran ‘resolves’ one of UN nuclear watchdog’s concerns

    Iranian media reports came just days before the board of governors of the International Atomic Energy Agency is due to meet to review progress in addressing the watchdog's remaining concerns. The IAEA had reported the discovery of traces of radioactive material at three sites not declared by Iran as having...
  • Would welcome diplomatic ties with Egypt, says Iran’s Supreme Leader

    Iran's Supreme Leader Ayatollah Ali Khamenei said he would welcome a resumption of diplomatic relations with Egypt, during a meeting with Oman's visiting Sultan Haitham bin Tarik. Ties between Tehran and Cairo soured following the 1979 Islamic revolution in Iran and Egypt's recognition of Israel, the Islamic republic's sworn enemy.
  • Iraq and Iran discuss boosting ties in transportation sector

    Baghdad, Iraq--Iraq is looking to deepen cooperation with Iran in the transport sector and facilitate the movement of pilgrims between the two countries. The issue was discussed in a meeting in Baghdad between the Iranian and Iraqi ministers focusing on the ways to expand cooperation between the two countries. The meeting...
  • Energy minister leads UAE delegation to development road conference in Iraq

    ABU DHABI, UAE - Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei headed the UAE delegation to the Development Road Conference in Iraq. The one-day conference brought together transport ministers and officials from the Gulf Cooperation Council, Iran, Turkey, Syria and Jordan and representatives of the European Union...
  • Sultan Haitham bin Tarik of Iran-West mediator Oman visits Tehran

    His trip comes just two days after Tehran freed Belgian aid worker Olivier Vandecasteele from almost 15 months in custody in exchange for diplomat Assadollah Assadi, who was held in Belgium over a 2018 plot to bomb an Iranian opposition rally outside Paris. Oman helped facilitate the prisoner swap
  • Several Western states seeking division between OPEC members: Raisi

    Tehran, Iran-- Urging OPEC member countries to preserve cohesion and unity among them, Iran's President Ebrahim Raisi said that several Western countries were seeking to divide OPEC member states. The Iranian president made the remark in a meeting with the Secretary-General of OPEC Haitham al-Ghais in Tehran on Saturday. Considering the...
  • Clashes between Iran, Afghanistan forces at border

    Clashes broke out between Iranian and Taliban forces at the border between the two countries, Iranian police said without reporting casualties, amid a water dispute between the two neighbors. State news agency IRNA quoted deputy head of the police force Qassem Rezaee as saying that Taliban forces started shooting at...
  • Iran, Belgium free jailed persons in prisoner swap

    Iran freed Belgian aid worker Olivier Vandecasteele after almost 15 months in custody, in a prisoner exchange for an Iranian diplomat convicted of terrorism. Belgium's Prime Minister Alexander de Croo said the 42-year-old had arrived in Oman and added: "If all goes to plan, he'll be with us this evening....
  • Iran shows off new ballistic missile designed to carry 1,500 kg warhead

    Tehran, Iran--Iran has displayed a new long-range missile capable of carrying 1,500 kg warhead with the capacity to hit targets 2,000 kms away. Iranian armed forces unveiled their latest model of ballistic missiles dubbed "Khorramshahr-4 long range strategic missile" in a ceremony on Thursday morning in the presence of defense...
  • Iran seeks economic integration and multilateralism: Raisi

    Tehran, Iran-- Iran seeks economic integration and multilateralism in international relations, according to the Islamic Republic's President Ebrahim Raisi. The president made the remarks upon his arrival in Tehran, returning from Indonesia after a two-day visit there. "Our relationship with different countries is based on regionalism and neighborhood policy," he...
  • Iran appoints envoy to Saudi Arabia after seven years

    The new envoy, Alireza Enayati, previously served as Iran's ambassador to Kuwait, assistant to the foreign minister and director general of Gulf affairs at the foreign ministry, the English-language Iran Daily said. There was no immediate confirmation of his appointment from the foreign ministry of the Islamic republic.
  • Oman’s Sultan to visit Iran on President Ebrahim’s invitation

    Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to a nuclear deal reached in 2015. Stop-start talks began in April last year to restore the deal, after the US unilaterally withdrew from it in 2018, prompting Tehran to roll back...
  • Iran, Indonesia sign trade agreement during Raisi visit

    Indonesia and Iran signed a trade agreement in Jakarta where President Joko Widodo hosted his Iranian counterpart Ebrahim Raisi. Tehran is aiming to boost its international trade. Raisi's two-day visit to Indonesia, Southeast Asia's biggest economy, comes in the shadow of fresh European Union sanctions this week on Iran's Revolutionary...
  • Iran, Indonesia to sign preferential trade agreement to boost trade

    Tehran, Iran-- Less than a year after signing a preferential trade agreement (PTA) with the UAE, Indonesia will sign a similar treaty with Iran during the ongoing visit of the Islamic Republic's President Ebrahim Raisi to the country. The deal is intended to improve trade relations and boost the trade...
  • What’s next for Syria after Assad’s regional comeback?

    Beirut, Lebanon -- Syrian President Bashar al-Assad has returned to the Arab fold after more than a decade of isolation, eyeing reconstruction and aid from formers foes as the conflict grinds on. Since the brutal civil war broke out in 2011, it has killed more than 500,000 people, displaced millions and...
  • EU sanctions Iran Revolutionary Guards’ wing over brutal crackdown

    The European Union imposed an asset freeze on the investment arm of Iran's Revolutionary Guard, over Tehran's brutal crackdown on protests over the death of Mahsa Amini. The sanctions - the eighth imposed by the EU over the repression - came after Iran hanged three more men convicted in relation...
  • Iran’s Raisi replaces longtime security chief and leading Gulf mediator Shamkhani

    Shamkhani, an ethnic Arab who had also previously served as a Revolutionary Guards commander, had been credited with defusing Iran's years-long tensions with some Gulf nations. He was named head of the security council in September 2013, replacing his ultra-conservative Saeed Jalili.
  • Capable of safeguarding Gulf waters in coordination with neighbors: Iran

    Iran said it is capable of ensuring the safety of the vital Gulf waters in cooperation with neighboring countries. Iran and its neighboring countries are capable of cooperating for the security of the Persian Gulf, Strait of Hormuz and Sea of Oman," Iran's Chief of Staff of the Armed Forces,...
  • Hezbollah carries out military exercise, mock-raids

    AARAMTA, LEBANON - Lebanon's Hezbollah movement simulated cross-border raids into Israel on Sunday in a show of its military might, using live ammunition and an attack drone, AFP correspondents said. Around 200 Hezbollah fighters took part in the raids, part of large-scale military exercise in Aaramta, around 20 kilometers (12 miles)...
  • Five Iranian border guards killed in Sistan-Baluchistan province

    Five Iranian border guards were killed during clashes with an armed group in the restive southeastern province of Sistan-Baluchistan, state media reported. Earlier, the judiciary's Mizan Online website had quoted local prosecutor Mehdi Shamsabadi as saying that six border guards were killed but later the number was revised down to...
  • Iran says reserves right to take action on Afghan water dispute

    Iran said it "reserves" the right to take action as a dispute with Afghanistan escalates over an upstream river dam that restricts the flow of water into the country. "Iran reserves its rights to take necessary measures and emphasizes the full responsibility of Afghanistan in this regard," the foreign ministry...
  • Iran hangs three in connection with Amini protests

    Iran executed three men convicted of killing security force members during protests triggered by Mahsa Amini's death last year, the judiciary said, drawing condemnation from rights groups. Majid Kazemi, Saleh Mirhashemi and Saeed Yaghoubi were found guilty of waging "war against God" - at a demonstration in Isfahan on November...
  • Iran and Russia sign customs agreement to boost trade volume

    Tehran, Iran-- Continuing with their program to deepen the relationship between the two countries, Iran and Russia have signed a new customs agreement to facilitate trade. The agreement was made in a meeting between Mohammad Rezvani-Far, Deputy Minister of Economy and Head of the Islamic Republic of Iran Customs Administration...
  • Russia, Iran sign pact to build final stage of INSTC project

    Tehran, Iran - Iran and Russia on Wednesday signed an agreement to construct the final part in the International North–South Transport Corridor (INSTC) that connects Russia to the Gulf and India. The INSTC, a freight network of ship, rail and road routes, covers some 7,200 kilometers (4,475 miles) between Russia, Azerbaijan,...
  • Iran and Russia look to expand ties in the energy sector

    Tehran, Iran-- Iran is looking to deepen energy ties with Russia as the latter is keen to explore and develop oil and gas projects in the Islamic Republic. This was stated by Russian Deputy Prime Minister Alexander Novak during talks with Iranian Oil Minister Javad Owji in Tehran. He is...
  • Qatar and Bahrain to restart flights in signs of improving relations

    Dubai, UAE-- Qatar and Bahrain have agreed to restart flights toward the end of the month, in a sign of warming relations between the estranged countries. According to Bahrain News Agency, the resumption of flights between Bahrain and Qatar “comes within the framework of the brotherly relations between the two...
  • Iran invites UAE businesses to invest in transportation projects

    Abu Dhabi, UAE-- Iran is keen to boost transportation ties with the UAE and has invited investors from the country to take part in transportation projects in the Islamic Republic. In this connection, Iran Minister of Roads and Urban Development, Mehrdad Bazrpash, met with Sheikh Mansour Bin Zayed Al Nahyan,...
  • UAE invites Syrian President to COP28 summit in Dubai

    The United Arab Emirates has invited Syrian President Bashar al-Assad to attend the UN climate summit in Dubai later this year, Syrian state media said. Assad's first invitation to a global summit since the start of Syria's war in 2011 comes as the Arab world warms to Damascus after a...