INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran does not intend to build nuclear weapons: Raisi

Iran's President Ebrahim Raisi. (AFP)
  • In 2021, Iran began to enrich uranium to 60 percent in the wake of an attack on its nuclear facility in Natanz
  • The president said the US-brokered effort to normalize Israeli relations with Gulf States will not succeed

Tehran, Iran–Iranian president Ebrahim Raisi has categorically rejected the Western states claim that Tehran intends to build nuclear weapons, saying that the high-level enrichment was a response to Westerners reneging on their promises.

The president has defended his country’s enrichment of uranium to 60% purity level, saying it was a response to European states not living up to their end of the 2015 nuclear agreement.

In an interview on CNN, Raisi categorically rejected the country’s enrichment of uranium to near weapons-grade levels, saying, “It was officially announced that the action that we intend to take is not intended to reach nuclear weapons of any type or a military dimension of any type, but it is… a response for the lack of commitment demonstrated by the Europeans.”

Iran announced that it was enriching uranium to 60% in 2021, following an attack on its above-ground nuclear facility in Natanz, which Tehran blamed on Israeli regime, according to the American media outlet.

He also reiterated Tehran’s long-standing conviction that the Islamic Republic does not plan to acquire a nuclear bomb.

In the interview with CNN, Raisi also said the US-mediated efforts to normalize Israeli relations with Persian Gulf Arab states, including Saudi Arabia, “will see no success.”