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.

Western powers call on Iran to cooperate with IAEA

This file photo shows the inside of reactor at the Russian-built Bushehr nuclear power plant in southern Iran, 1200 Kms south of Tehran, AFP FILES PHOTO
  • The foreign ministries of the four Western nations issued a joint statement welcoming the IAEA's resolution "responding to Iran's insufficient cooperation with the IAEA
  • The motion brought by the United States, Britain, France and Germany - but voted against by Russia and China -- is the first to criticize Iran since June 2020

The US, Britain, France and Germany on Wednesday urged Iran “to fulfill its legal obligations, and cooperate with the IAEA”, after the International Atomic Energy Agency adopted a resolution formally criticizing Tehran.

The foreign ministries of the four Western nations issued a joint statement welcoming the IAEA’s resolution “responding to Iran’s insufficient cooperation with the IAEA on serious and outstanding safeguards issues”, surrounding its nuclear activities.

“The overwhelming majority vote at the IAEA Board of Governors today sends an unambiguous message to Iran that it must meet its safeguards obligations and provide technically credible clarifications on outstanding safeguards issues,” the statement added.

“We urge Iran to heed the call of the international community to fulfill its legal obligations, and cooperate with the IAEA to fully clarify and resolve issues without further delay.”

In a separate statement, regional rival Saudi Arabia also said it welcomed the IAEA decision, “which stresses that Iran must comply with its obligations… and the need for its cooperation with the agency to resolve all outstanding nuclear issues”.

Earlier Wednesday the IAEA said it had adopted a resolution formally criticizing Iran for a lack of cooperation with the UN nuclear inspectorate, diplomatic sources told AFP.

The motion brought by the United States, Britain, France and Germany – but voted against by Russia and China — is the first to criticize Iran since June 2020 and comes amid an impasse on efforts to bring the US back into a 2015 deal over Iran’s nuclear program.