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Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.
  • Iran, Israel, Nuclear, missile,

    Iran closed nuclear facilities in wake of Israel attack: IAEA chief

    Tehran, Iran Iran temporarily closed its nuclear facilities over "security considerations" in the wake of its massive missile and drone attack on Israel over the weekend, the head of the UN's atomic watchdog said Monday. Speaking to journalists on the sidelines of a UN Security Council meeting, International Atomic Energy...
  • Turkey FM warns of escalation in nuclear arms race

    Tehran, Iran-- Expressing deep concern over Israel's possession of nuclear weapons, Turkish Foreign Minister Hakan Fidan has warned of a spurt in the nuclear arms race, leading to an unfavorable situation. "The ongoing possession of nuclear weapons by Israel, coupled with the failure to denuclearize the region, will escalate the...
  • Iran says expansion of Israel-Hamas war has become ‘inevitable’

    President Ebrahim Raisi has said Iran sees it as "its duty to support the resistance groups" but insisted that they act independently.
  • Iran rejects G7 calls to stop supporting Hamas

    Tehran, Iran - Iran on Thursday rejected a G7 statement which called on Tehran to stop supporting Hamas members and taking actions that "destabilize" the Middle East. Tehran's comment came a day after foreign ministers from the G7 group of advanced economies, meeting in Tokyo, expressed support for "humanitarian pauses and...
  • Iran urges Muslim nations to suspend trade with Israel

    The bombing campaign by Israel in Gaza has killed more than 8,500 people, two-thirds of them women and children, according to the Hamas-run health ministry.
  • Iran’s President says Israeli actions ‘may force everyone’ to act

    TEHRAN, IRAN - Iranian President Ebrahim Raisi on Sunday said Israel's ongoing bombardment of Gaza "may force everyone" to act in the latest warning issued by the Islamic republic since the start of the Israel-Hamas conflict. Israel has been pounding the tiny Palestinian territory since Hamas fighters stormed across the border...
  • Iran, Russia to invest $38bn in developing INSTC

    TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a key element of the transportation network in Eurasia. Speaking in a specialized meeting of INSTC- New Concept, which was held in Astrakhan Port of Russia, Dariush Jamali pointed to the...
  • Russia FM to visit Iran amid tensions in Middle East

    Iran and Russia have bolstered ties in many fields over the last few years and Moscow has turned to Tehran for military support and economic partnerships as both countries face a raft of Western sanctions. The West has accused Tehran of supporting Russia's offensive in Ukraine by providing it with...
  • China envoy seeks Israel-Hamas de-escalation in Middle East trip

    Shanghai, China - China will this week weigh into the Israel-Hamas war by sending its special envoy to the Middle East, after the United States asked it to use its influence to stop the conflict from spreading. Washington says it hopes China's friendship with Hamas backer Iran could help calm the...
  • Iran says time running out for political solution in Gaza war

    TEHRAN, IRAN - Iran on Monday said time was running short to reach a political solution in the Israel-Gaza conflict, warning of the "possibility of expanding the scope of war and conflict to other fronts". Israel declared war on the Palestinian group Hamas a day after waves of its fighters broke...
  • 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.
  • 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,"...
  • 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...
  • 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...
  • 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 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...
  • 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...
  • 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...
  • 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...
  • Iran seizes two oil tankers and arrests crews for alleged fuel smuggling

    Tehran, Iran - Iran has seized two oil tankers allegedly carrying smuggled fuel in the Gulf and arrested their crews, state television announced on Friday. "The Revolutionary Guards naval forces seized two ships over the course of the last two days," state television said, citing Mohammad-Sharif Shirali, a Guards commander. "The...
  • Transfer of Iran’s unfrozen foreign assets to Qatari banks soon

    TEHRAN, IRAN  – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to Qatari banks will be finalized within the next week. Qatari Foreign Minister Sheikh Mohammed Bin Abdulrahman al-Thani made the comments in a telephonic conversation with his Iranian counterpart Hossein Amirabdollahian...
  • Relations with Iran will be strong, says Saudi envoy

    TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries will be strong in all areas, including trade, economy and investment. Speaking to IRNA in Tehran, the Saudi envoy expressed satisfaction with the start of a new chapter in his...
  • 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...
  • 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...
  • 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...
  • 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...
  • Iran’s IKCO to buy electric vehicles from Chinese firm Dongfeng

    Tehran, Iran - The CEO of Iran’s largest car manufacturing company, IKCO (Iran Khodro Industrial Group), said that his company will import the first batch of electric vehicles (EVs) bought from China’s Dongfeng Motor Corporation. IKCO’s CEO Alimardan Azimi said on Monday that EV imports by the company will amount...
  • 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...
  • 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...
  • 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...
  • 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....
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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.
  • 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...
  • 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...
  • 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...
  • 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...
  • 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 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...
  • 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...
  • Iran’s steel production sees 4.1% growth in first 7 months of 2023

    Tehran, Iran - The World Steel Association (WSA) has reported a significant 4.1% increase in Iran's steel production during the first seven months of 2023 (January-July), compared to the same period last year. Iran's crude steel production for this period totaled 18.1 million tons, showcasing strong growth. In July 2023,...