Russia’s trade and investment into the Middle East is rapidly developing, with relations both through the Gulf Cooperation Council and the Arab League all helping boost bilateral trade by 25% during 2025. Partially driven by the developments along the INSTC, and new regional free trade agreements, we provide analysis of the growing Russia-Middle East economic partnership. Discover trade statistics, investment flows from the GCC, and business opportunities for companies in both regions.
As part of the recently concluded 16th International Economic Forum “Russia – Islamic World: KazanForum 2025,” a panel discussion was held on the “International North-South Transport Corridor” (INSTC). Deputy Prime Minister Vitaly Savelyev, the Special Representative of the President for the Development of the INSTC, took part in the discussions. The session also involved Russian Deputy Prime […]
Iran’s Minister of Roads and Urban Development Farzaneh Sadeghi and Russia’s Minister of Transport Roman Starovoit signed an agreement on the development of transport and transit cooperation for 2025. The core element of the agreement, signed in Tehran on February 18, is the completion of the long-delayed Rasht-Astara railway in Iran with Russia’s assistance, according to Iran’s […]
Iran’s Ambassador to Russia, Kazem Jalali, and Russia’s Roscosmos CEO Dmitry Bakanov discussed the joint production of satellites at a meeting on Friday (June 6) Iran’s embassy has stated. The embassy said “The two sides exchanged views and discussed the several aspects of space cooperation between Russia and Iran: development of advanced technologies, joint design […]
Russia’s FESCO Transport Group has increased the container capacity of the line between India, the UAE and its Novorossiysk Port by 45%, by adding a third container ship to the FESCO Indian Line West (FIL-W) line connecting the ports of India and the UAE with Novorossiysk. German Maslov, Vice President, Line Logistics Division, FESCO, stated […]
Over the past six years, the trade turnover between Russia and the United Arab Emirates (UAE) has grown 2.7 times, from US$3.5 billion in 2019 to US$9.5 billion by the end of 2024, according to Abdullah Ahmed Al Saleh, the Deputy Economic Minister of the UAE. Meanwhile, shipments of goods from the UAE to Russia […]
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The 4th Caspian Region Transport and Logistics International Forum has been taking place in Astrakhan, with specific technical discussions over the performances of the region’s ports. Delegates visited the facilities of VTS Group, Astrakhan Port, the shipbuilding operations of YUCSS, and the Kutum freight terminal of Russian Railways. The event was chaired by Mikhail Kabakov, […]
Outbound tourism from Russia may reach some 6.4 million this coming summer, which is a 24.8% increase from last year, the Russian Association of Tour Operators (ATOR) said on Friday (May 30). Artur Muradyan, vice president of ATOR for international tourism, said that “The early booking of summer vacations is almost twice as successful this […]
The Association of Tour Operators of Russia ATOR) has stated that the forecast volumes of inbound tourists to Russia this year was expected to rise by 25% to reach about 2 million visitors, while the number of outbound Russian tourists is expected to increase to 6.4 million during 2025. The predictions were made by Alexander […]
Russia and Qatar are discussing the creation of an agro-industrial hub in Qatar, and work on the project is ongoing, Russian First Deputy Prime Minister Denis Manturov has stated. If specific agreements are reached, the initiative could open up new export opportunities for Russian producers. In 2024, exports of meat and edible by-products from Russia […]
Russia is to open a Consulate General in the Egyptian resort city of Sharm El-Sheikh, according to a decree signed by Russian Prime Minister Mikhail Mishustin and published on Tuesday. It will be the second Russian Consulate General in Egypt, along with the one located in another resort city, Hurghada, and the Russian Embassy in […]
Soven 1 Holding (UAE), the majority shareholder of Belarus’s Priorbank, plans to buy out the Belarus State Property Committee equity of 6.31% of the bank’s shares. The decision is of interest as it implies there is significant unrealized value in shares of businesses operating in sanctioned countries and that there are investors prepared to take […]
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