Tehran

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.
  • 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...
  • Iran expels four Azerbaijan diplomats in tit-for-tat move

    Tehran, Iran -- Iran has expelled four Azerbaijani diplomats, state media reported Friday, saying the move was "in response" to Baku's expulsion of Iranian embassy staff in April after months of tensions. "Four diplomats from the Ministry of Foreign Affairs of the Republic of Azerbaijan, declared personae non gratae, were...
  • Iran, Syria pledge to strengthen ties, develop economic relations

    During late-night talks Thursday, Raisi and his Syrian counterpart Bashar al-Assad discussed "ways to develop and strengthen bilateral relations" and "emphasized existing cooperation in the field of reconstruction", according to a joint statement.
  • Iran seeks trade boost with Syria during Raisi’s visit to Damascus

    Iran's president hailed his visit to Damascus as a "turning point", after Tehran's support helped Syria retake most of the territory it lost in 12 years of war. Ebrahim Raisi's two-day trip is the first such visit to Tehran's close ally since 2010. "This trip will be a turning point...
  • Russia, Iran to ink pact on linking railroad infrastructure

    Tehran, Iran - Russia and Iran are set to sign a bilateral agreement on the construction of the Rasht-Astara section in Iran, according to Russian Deputy Prime Minister Alexander Novak.  "We just discussed the signing of a bilateral agreement between the two countries on extension of the Rasht-Astara railroad with...
  • Iran-Turkey trade hits $1.3bn in 3 months

    Tehran, Iran - Iran and Turkey have traded $1.379 billion worth of goods in the first quarter of 2023, according to data released by the Turkish Statistical Institute.  This represents a 14 percent decrease year-on-year, with Turkish exports at $702 million, up 2 percent, and Iranian exports at $677 million,...
  • Iran’s parliament removes minister over rising prices

    Iran's parliament voted in an impeachment session to remove the industry minister amid soaring prices as the Islamic republic's economy reels under the pressure of international sanctions. Reza Fatemi Amin failed to garner enough support in a vote of confidence that saw 162 MPs vote in favor of his removal...
  • Iran’s President Raisi to visit Damascus as Jordan hosts Syria meet

    The visit comes against the backdrop of a rapprochement between regional rivals Iran and Saudi Arabia, and increased Arab engagement with Damascus. Iran is a major ally of President Bashar al-Assad.
  • Iran’s president criticizes US presence in Middle East

    Iran's President Ebrahim Raisi slammed the United States' presence in the Middle East, as he hosted his counterpart from neighboring Iraq for wide-ranging talks. Decades-old arch enemies the United States and Iran have vied for influence in Iraq since the 2003 US-led invasion toppled dictator Saddam Hussein. Both helped Iraq...
  • Iran offers to solve Lebanon’s electricity shortage

    Tehran, Iran - Iran's Foreign Minister, Hossein Amir-Abdollahian, has offered to solve Lebanon's electricity shortage issue through bilateral cooperation despite US sanctions, mehrnews reported on Saturday.  During his visit to Beirut, Amir-Abdollahian stated that Iran can solve the problem if both countries agree on joint cooperation, despite US pressure and...
  • US denies Iranian claims of forcing its submarine to surface

    TEHRAN, IRAN- Iran said on Thursday it had "forced" a US submarine to surface as it was crossing the strategic Strait of Hormuz in the Gulf, a claim the Americans promptly denied. Admiral Shahram Irani, the commander of Iran's navy, told state TV the USS Florida nuclear submarine was "approaching and...
  • Cementing ties: Iran invites Saudi Arabia’s king to visit Tehran

    The two countries had severed ties seven years ago after Saudi Arabia executed a revered Saudi shia cleric Sheikh Nimr al-Nimr. They have pledged to work for stabilizing the situation in the Middle East, where they have been supporting opposite sides in the conflicts of Syria and Yemen.
  • 10 Iranian soldiers sentenced for downing of Ukrainian plane

    Iran's judiciary had said in November 2021 that a trial had opened in Tehran for 10 military members in connection with the jet's downing.
  • Iranian police to prosecute women violating dress code

    Iranian police said they will deal with women who violate the Islamic dress code. The number of women defying the dress code that headscarves must be worn in public has risen since a protest movement triggered by the death in custody of Kurdish-Iranian Mahsa Amini, 22, for allegedly flouting it.
  • Iran plans to strengthen penalties for violence against women

    TEHRAN, IRAN  -  Iran's parliament has adopted proposals to toughen penalties for perpetrators of violence against women which could be voted into law within months, state media has reported. Initiated more than 10 years ago, discussions in parliament led to the adoption on Sunday of the general principles of a draft...
  • Iran officials to visit Saudi Arabia on April 14 ahead of reopening diplomatic missions

    Iran's foreign ministry said a delegation will visit Saudi Arabia by April 14 to pave the way for reopening its diplomatic missions there following a similar move by Riyadh. The announcement comes a day after a Saudi delegation arrived in Tehran and follows a historic meeting between the two Gulf...
  • Saudi Arabian delegation arrives in Iran to cement diplomatic ties

    Saturday's visit is part of "implementing the tripartite agreement" reached on March 10 between the two regional powers, brokered by China, to restore relations ruptured in 2016, the Saudi foreign ministry said. The two longtime Middle East rivals have now pledged to work together.
  • Schoolgirl poisonings continue in Iran

    TEHRAN, IRAN - Dozens of schoolgirls were poisoned Saturday in several schools across Iran, local media reported, in continuation of the mysterious phenomenon that has shaken the country for months. Since late November many schools, mostly for girls, have been affected by sudden poisoning incidents from gases or toxic substances, in...
  • French foreign minister has rare meeting with Iranian counterpart in China

    France's foreign minister has held a rare face-to-face meeting with her Iranian counterpart in China, urging Tehran to release French nationals "arbitrarily detained" in Iran, the foreign ministry said. Catherine Colonna, traveling with French President Emmanuel Macron on his state visit to China, met Hossein Amir-Abdollahian in Beijing.
  • Iran, KSA agree to resume flights and bilateral visits

    Iranian Foreign Minister Hossein Amir-Abdollahian and his Saudi counterpart Prince Faisal bin Farhan have pledged to reopen diplomatic representations within two months.
  • Iran welcomes US decision to spur peace process in Yemen

    TEHRAN, IRAN - Iran on Wednesday welcomed a US call to help end the long-running conflict in Yemen by backing a peace process, one year after a United Nations-brokered truce dramatically reduced fighting. Diplomatic efforts to resolve the conflict have multiplied since the Yemeni government's main foreign backer Saudi Arabia signed a...
  • Iran working on key pipeline to supply gas to Oman

    Reza Noshadi, who heads the National Iranian Gas Company’s engineering subsidiary, said that Iran will be able to export gas to Oman through the 200-kilometer pipeline from Minab to Kuhmobarak.
  • Israeli strike, fourth in a week, kills two civilians in Syria

    Damascus, Syria - An Israeli air strike on Tuesday killed two Syrian civilians, state media reported, the fourth such attack on government-held areas of the war-torn country in less than a week. During more than a decade of civil war in Syria, Israel has launched hundreds of air strikes on its...
  • 20 schoolgirls in Iran hospitalized due to poison attack

    TEHRAN, IRAN - Twenty Iranian schoolgirls were hospitalized Tuesday after the latest in a mysterious wave of poisoning attacks that have sickened thousands of pupils, state media reported. The girls were treated after suffering shortness of breath, in Tabriz, capital of the northwestern province of East Azerbaijan, reported the news agency...
  • Iran puts two women behind bars for refusal to wear hijab

    Iranian authorities ordered the arrest of two women, the judiciary said after a viral video appeared to show them being attacked by a man for not wearing the hijab. Video footage widely shared on social media in Iran appeared to show the two women customers, who were not wearing hijab...
  • Xi hails Middle East thaw in call with Saudi crown prince

    In his first comments on the matter to be made public since the deal was struck, Xi said the dialogue promoted by China would "play a major role in strengthening regional unity and cooperation". Crown Prince Mohammed on Tuesday "expressed the Kingdom's appreciation for the Chinese initiative to support efforts...
  • Biden says not seeking conflict with Iran after strikes that killed 14

    The US president sought to lower the temperature on Friday, saying the United States "does not seek conflict with Iran, but is prepared to act forcefully to protect our people". Hours after the strikes, the US Central Command (CENTCOM) said 10 rockets were fired at American and coalition forces at...
  • Iran, Iraq sign border protection agreement

    BAGHDAD, IRAQ - Iran's top security official on Sunday signed a deal with Iraqi authorities for "protection" of their common border, the Iraqi prime minister's office said, months after Tehran struck Kurdish opposition groups in Iraq's north. Iraq's autonomous Kurdistan region hosts camps and rear-bases operated by several Iranian Kurdish factions,...
  • Iran’s president welcomes invitation by Saudi king

    Iranian President Ebrahim Raisi has "welcomed" an invitation from Saudi Arabia's King Salman to visit the kingdom following the reconciliation between the two countries, an Iranian official said. "In a letter to President Raisi... the King of Saudi Arabia welcomed the deal between the two countries (and) invited him to...
  • Iran hands down death sentences to two over Shiraz shrine attack

    TEHRAN, IRAN -  An Iranian court sentenced two people to death over an October attack on a shrine in the southern city of Shiraz that cost over a dozen lives, the judiciary said Saturday. The pair were convicted of assisting in "corruption on earth, armed rebellion and acting against national security",...
  • Saudi Arabia sees ‘lot of’ investment opportunities in Iran

    Iran has been under renewed US sanctions since then president Donald Trump abandoned a landmark nuclear agreement between Tehran and major powers in 2018. Saudi Arabia, a longtime US ally, has said it supports the sanctions, which target key areas, including oil.
  • Would welcome restoration of ties with Bahrain, says Iran

    Iran said it would welcome restoring ties with Bahrain to end seven years of ruptured relations, following the China-brokered deal to heal rifts between Tehran and Riyadh. "The resumption of relations between Iran and Saudi Arabia shows the effectiveness of the diplomatic solution to resolve misunderstandings," said Iran's foreign ministry...
  • Ready for prisoner swap with US, says Iranian foreign minister

    TEHRAN, IRAN - Iran's top diplomat on Sunday said "everything is ready" to implement a stalled prisoner exchange deal with the United States, which Washington promptly denied as a "cruel lie". At least three US citizens are held in the country's prisons, according to Iran's judiciary and the US State Department....
  • Iran serves death penalty to a Swedish-Iranian dissident over ‘terrorism’

    TEHRAN, IRAN - Iran's judiciary on Sunday confirmed a death sentence for a Swedish-Iranian dissident for "terrorism" over two years since his disappearance at an airport in Turkey, the judiciary's Mizan Online website reported. Habib Chaab has been held in Iran since October 2020 after he vanished during a visit to...
  • Over 100 arrested over school poisonings in Iran

    TEHRAN, IRAN - Iran has announced more than 100 arrests nationwide over the mystery poisonings of thousands of schoolgirls, charging that the unidentified alleged perpetrators may have links with "hostile" groups. In the wave of cases since late November, schoolgirls have suffered fainting, nausea, shortness of breath and other symptoms after...
  • Iran to buy Russian Sukhoi jets to replace old fleet

    TEHRAN, IRAN - Iran has finalized a deal to buy Sukhoi Su-35 fighter jets from Russia, state media reported, as defense cooperation between the two countries deepens. The air force of sanctions-hit Iran has an ageing fleet of aircraft and has struggled to acquire spare parts to keep its warplanes...
  • Two policemen killed in Iran,  says state media

    TEHRAN, IRAN - Gunmen ambushed and killed two Iranian policemen on patrol in the restive southeastern province of Sistan-Baluchistan, state media reported Saturday. The officers had been "on a mission to provide security" during Friday prayers in the town of Golshan when they came under attack, said the official news agency...
  • Iran and Saudi

    Iran, Saudi agree to restore severed ties after talks in China

    Riyadh cut ties with Tehran after Iranian protesters attacked Saudi diplomatic missions in the Islamic republic in 2016 following the Saudi execution of Shiite cleric Nimr al-Nimr. The two countries also agreed to activate the security cooperation agreement signed in 2001.
  • Severe punishment for people behind poisoning, says Iran

    Iran's Supreme leader Ayatollah Ali Khamenei said those behind the poisoning of schoolgirls in recent months should face "severe punishment", according to his website. In total, several hundred cases of gas poisoning have been reported in more than 52 schools across Iran since the end of November, according to an...
  • Iran: Paris-trained Pastry chef stays back to improve women’s lives

    Tehran, Iran - She could have left Iran, as many of her contemporaries did, but Paris-trained pastry chef Shahrzad Shokouhivand decided to stay and work to make women's lives better inside the country. And the icing on the cake? She and her husband now employ 70 people - mostly women....
  • Iran announces discovery of large lithium deposit

    TEHRAN, IRAN - Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric vehicles and electronic devices, state media reported Saturday. "For the first time in Iran, a lithium reserve has been discovered in Hamedan", in the west of the country, state television...
  • ‘Schoolgirls in 5 Iran provinces treated for new poisonings’

    Dozens of Iranian schoolgirls across five provinces were hospitalized in a new wave of suspected poisoning attacks, local media reported. Hundreds of cases of respiratory distress have been reported over the past three months among schoolgirls mainly in the holy city of Qom, south of Tehran, with some needing hospitalization.
  • UN nuclear chief heads to Iran after near weapons-grade uranium find

    UN nuclear watchdog chief Rafael Grossi is expected in Tehran for discussions with officials after International Atomic Energy Agency inspectors in Iran found uranium particles enriched to just under weapons-grade level. The visit by the head of IAEA comes with the Vienna-based organization seeking to get Iran to increase cooperation...
  • Dozens of Iran girls hospitalized due to poisoning

    TEHRAN, IRAN - Dozens of schoolgirls in Iran were hospitalized on Tuesday after a mysterious poisoning, an Iranian news agency reported, the latest in a spate of suspected attacks in the Islamic republic. Hundreds of cases of respiratory distress have been reported in the past three months among Iranian schoolgirls mainly...
  • Atomic energy watchdog’s group in Iran to sort out ‘ambiguities’

    Tehran, Iran - Iran said Wednesday that International Atomic Energy Agency inspectors were in the country to clear up "ambiguities" about its uranium enrichment activities. The visit comes after a report by Bloomberg News last week, strongly denied by Tehran, that its nuclear scientists have enriched uranium to 84 percent purity,...
  • Iran court sentences German-Iranian man to death

    TEHRAN, IRAN - A Tehran court Tuesday sentenced to death an Iranian-German dual national accused of being the leader of a "terrorist" group behind a deadly 2008 mosque bombing, the judiciary said. "The Tehran Revolutionary Court sentenced Jamshid Sharmahd, the leader of the Tondar terrorist group, to death on the...