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Tehran

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.
  • Despite sanctions, Iran oil exports hit six-year high: report

    Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of this year, primarily to China, data from Vortexa reveals. This marks the highest export level since the third quarter of 2018. The success in oil exports highlights the challenges faced...
  • 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,...
  • Iran president meets diplomat freed by Belgium in prisoner swap case

    TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner swap case in May, the presidency site said on Saturday. "The claimants of human rights have shown once again that they do not adhere to any law," Raisi said in...
  • Iran first Islamic country to have modern observatory, says official  

    TEHRAN, IRAN – Iran is the first Islamic country to possess a very modern observatory, the head of the Institute for Research in Fundamental Sciences Mohammad Javad Larijani said. “We started the construction process (of the observatory) concurrent with Turkey (starting its own); they had the resources, like the cash, so they...
  • In favor of Iran joining BRICS, says South Africa

    TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian Foreign Minister Hossein Amir Abdollahian. "South Africa is interested in Iran being accepted as a friendly country by the BRICS," Ramaphosa said as quoted by Mehr News. The South African...
  • Saudi embassy in Iran resumes work after seven years

    Iran and Saudi Arabia agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in March.
  • Iran foreign minister’s Tokyo visit: Japan to raise Russia arms supply

    Tokyo, Japan - Iran's foreign minister visited Japan on Monday for the first time since 2019, in a rare trip to a G7 member country by the Islamic republic's top diplomat. The purpose of the visit by Hossein Amir-Abdollahian to the current chair of the G7 was not announced, but reports...
  • Iran appoints West-sanctioned official as supreme court chief

    TEHRAN, IRAN - Iran on Sunday appointed Mohammed Jafar Montazeri, who is under US and British sanctions, to head the Islamic republic's top court. Montazeri was named the supreme court chief after the "opinions of all the court judges" were taken into consideration, the judiciary's Mizan Online website said. The 75-year-old,...
  • Iran invites Kuwaiti minister for talks over disputed gas field

    The dispute over the field -- known as Arash in Iran and Dorra in Kuwait and Saudi Arabia -- dates back to the 1960s when Iran and Kuwait awarded overlapping offshore concessions. Last year Kuwait and Saudi Arabia signed an agreement to develop the field, despite objections from Iran which...
  • Iran guards launch naval drills near Gulf islands claimed by UAE

    Tehran, Iran - Iran's Revolutionary Guards launched naval drills on Wednesday near strategic Gulf islands controlled by Iran but claimed by the United Arab Emirates, state media said. The manoeuvres, which were being held mainly near Abu Musa island but also around Greater and Lesser Tunb, came two weeks after the...
  • Iran carmaker Saipa supplies 2nd batch of cars to Venezuela

    Tehran, Iran – Iran's second-largest carmaker, Saipa, has successfully delivered another batch of cars to Venezuela as part of an automotive export and joint manufacturing deal signed during a visit by Iranian President Ebrahim Raeisi to Caracas in early June. According to a statement released by Saipa on Wednesday, the...
  • Iranian authorities arrest several Bahais for links with Israel

    Tehran, Iran - Iranian authorities have arrested several followers of the Bahai faith accused of spying for Tehran's arch-foe Israel, local media in the Islamic republic reported on Tuesday. The Bahais, Iran's largest non-Muslim religious minority, are not recognised by the state and often targeted over alleged ties to Israel --...
  • Pro-Iran parties urge Iraq to clear energy dues with Tehran

    BAGHDAD, IRAQ - A powerful alliance of pro-Iran factions in Iraq called on Sunday on Baghdad to pressure the United States to unlock pending payments to Tehran for crucial gas imports. Iraq, ravaged by decades of conflict and international sanctions, relies on gas imported from its eastern neighbor for a third...
  • Iran emerging as a hub for health tourism in West Asia: Raisi

    Tehran, Iran--Iranian President Ebrahim Raisi has claimed that health tourism in the country has attracted patients from neighboring countries and even Central Asian states who prefer to get medical care in Iran rather than in Europe. Raisi made the remarks on Friday as he inaugurated Ghadir Major Hospital in the...
  • Kuwait calls for border talks with Iran over gas field

    KUWAIT CITY, KUWAIT -  Kuwait reinvited Iran on Monday to talks on their sea borders after Tehran said it was ready to start drilling in a disputed gas field in the resource-rich Gulf. Kuwait insisted it held "exclusive rights" to the maritime field along with Saudi Arabia, after the neighboring countries...
  • Iranian pilgrims at ease during hajj post Riyadh-Tehran detente

    MECCA, SAUDI ARABIA- If a landmark reconciliation between Saudi Arabia and Iran has eased tensions in the Gulf, clouds have also lifted at the hajj pilgrimage, where Iranian visitors finally feel welcome again. Seven years of enmity between the Sunni and Shiite powers had made for a cool reception for Iranian...
  • Ready for prisoner swap with US, says Iran

    Iran said it was hoping indirect talks with the United States could lead to a "positive" outcome for a prisoner swap. Iran announced earlier this month that it was engaged in Oman-mediated talks with its arch-nemesis the United States over its nuclear deal and a possible prisoner exchange.
  • Iran foreign minister holds talks with Omani counterpart

    ran said last week it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda. The following day, Iran's nuclear negotiator said he had met with diplomats from three European countries in Abu Dhabi to discuss a number...
  • Exiled Iranian opposition outraged after Paris police block proposed rally

    PARIS, FRANCE -  A major exiled Iranian opposition group on Tuesday expressed fury after Paris police refused to grant permission for a major rally next month, on the grounds it risked creating tensions and being the target of an attack. The National Council of Resistance of Iran (NCRI), a coalition that...
  • Iran-Saudi reconciliation advances with high-level diplomatic visit

    In a significant step towards reconciliation, Saudi Foreign Minister Faisal bin Farhan conducted a landmark visit to Iran to hold talks with his Iranian counterpart, Hossein Amir-Abdollahian, focusing on regional security. This visit comes after both nations agreed to mend ties in a Chinese-brokered deal, following a diplomatic severance in...
  • Saudi foreign minister to visit Iran on Saturday

    Riyadh, Saudi Arabia -  Saudi Arabia's Foreign Minister, Prince Faisal bin Farhan Al-Saud, is scheduled to visit Tehran on Saturday, according to Iran's semi-official Tasnim news agency. The visit is seen as a significant step in the ongoing diplomatic efforts between the two countries to mend their strained relations. The...
  • Indirect talks with US ongoing via Oman, says Iran

    Iran said it has continued indirect negotiations with the Unites States through the Sultanate of Oman over its nuclear deal and a possible prisoner swap. Iran's nuclear program has long been the subject of scrutiny from Western powers, resulting in sanctions that have crippled the country's economy.
  • 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...
  • 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...
  • 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...
  • 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.
  • 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...
  • 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.
  • 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 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.
  • 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...
  • 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...
  • 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,...
  • 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 jails eight for asking workers to strike at gas site

    TEHRAN, IRAN - Iranian authorities have arrested eight people for "leading" a workers' strike at a key gas site in the south of the country, local media reported on Sunday. "Eight main leaders of the workers' strike in the South Pars projects have been arrested by the intelligence services," Akbar Pourat,...
  • Tehran objects to presence of anti-Iran forces at Kurd event in Iraq

    TEHRAN, IRAN- Iran has summoned Iraq's ambassador to protest over the presence of Iranian opposition groups at an official ceremony in Iraq's autonomous Kurdish region, media reported on Sunday. Quoting the foreign ministry, ISNA news agency said that during Saturday's meeting Tehran expressed its "strong objection" to the invitation of members...
  • Iran to receive fighter jets from Russia in sign of growing military ties

    Tehran, Iran--Iran will begin to receive the first batch of Russian SU-35 fighter jets next week, according to Mehr News Agency. Tehran and Moscow have embarked on deepening cooperation amid massive Western sanctions. Iran and Russia have signed major deals in recent months to boost economic, trade, energy and military...
  • Iran releases two French citizens from prison, says Paris

    Iran released two French citizens jailed in separate cases, France said, urging Tehran to release several others still detained in the Islamic republic. Bernard Phelan, who also holds Irish nationality and Benjamin Briere were freed from their prison in Mashhad city and are "on their way to France", Foreign Minister...
  • Iran seeks end to repeated delays for restoring nuclear deal

    In March, International Atomic Energy Agency (IAEA) chief Rafael Grossi visited Tehran after his agency's inspectors in the country found uranium particles enriched to just under weapons-grade level.
  • Iran’s annual trade with BRICS rises by 14% to $38.4bn

    Tehran, Iran – Iran’s trade with BRICS member states reached 47.99 million tons worth $38.43 billion in fiscal 2022-23. In fiscal 2022–23, Iran's trade with the BRICS nations—Brazil, Russia, India, China, and South Africa—amounted to 47.99 million tonnes worth $38.43 billion, up 14 percent in value and 0.81 percent in...
  • Iran puts to death Swedish-Irani man over ‘terrorism’ charge

    TEHRAN, IRAN- Iran executed Swedish-Iranian dissident Habib Chaab for "terrorism" on Saturday, according to the judiciary. "The death sentence for Habib Chaab... nicknamed Habib Asyud, the head of Harakat al-Nidal terrorist group... was executed today, Saturday morning," the judiciary's Mizan Online website reported. Chaab had been held in Iran since October...
  • Iran blames US and Israel for targeting its nuclear facilities

    Tehran, Iran--Iran's head of Supreme National Security Council (SNSC) considers the United States to be responsible for all of Israel's actions targeting the Iranian nuclear facilities and the people working for the Islamic Republic's nuclear program. Ali Shamkhani made the remarks in a tweet on Friday. According to Mehr News...