INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

China slams US sanctions over Iran aircraft program

Washington last week slapped sanctions on "seven individuals and four entities" based in Iran, China, Russia and Turkey. (AFP)
  • China notes that US has included some Chinese enterprises and individuals in the 'Specially Designated Nationals List', a commerce ministry spokesman said
  • "The United States side should immediately stop its unreasonable suppression of Chinese enterprises and individuals," spokesman said

Beijing, China– Beijing said on Tuesday it “firmly opposes” American sanctions on Chinese companies and individuals the US Treasury Department says have connections to Iran’s drone and military aircraft development.

Washington last week slapped sanctions on “seven individuals and four entities” based in Iran, China, Russia and Turkey it said had facilitated shipments and financial transactions involving Tehran’s military hardware program.

The United States accuses Iran of supplying Russia with drones, which have become a major feature of Moscow’s war in Ukraine and are in regular use in Syria. Iran denies sending drones to Russia for use in Ukraine.

“China notes that the United States has included some Chinese enterprises and individuals in the ‘Specially Designated Nationals List’ on the grounds of the so-called development of drones and military aircraft involving Iran, which China firmly opposes,” a commerce ministry spokesman told state broadcaster CCTV.

“The United States side should immediately stop its unreasonable suppression of Chinese enterprises and individuals,” he said.

“China will take necessary measures to firmly safeguard its legitimate rights and interests.”

Drones have become a focal point of military strategy for Russia and Iran, both under heavy Western sanctions.

Last week US Treasury Under Secretary Brian Nelson said Iran’s “continued, deliberate proliferation of its UAVs (unmanned aerial vehicles) enables Russia, its proxies in the Middle East, and other destabilizing actors to undermine global stability”.