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.

Iran refutes allegations of providing weapons to Russia

Iranian Foreign Minister Hossein Amir-Abdollahian reiterated Tehran's official stance of neutrality over the war. (AFP)
  • Kyiv and many of its Western allies have accused Moscow of using Iranian-made drones in attacks on Ukraine in recent weeks.
  • On Monday, Ukrainian President Volodymyr Zelensky said Iranian drones were used in Russian attacks on energy infrastructure.

TEHRAN, IRAN – Iran has once again rejected allegations that it has supplied Russia with weapons “to be used in the war in Ukraine”, its foreign ministry said Saturday.

Kyiv and many of its Western allies have accused Moscow of using Iranian-made drones in attacks on Ukraine in recent weeks.

The topic is expected to be discussed by European Union foreign ministers in a meeting in Luxemburg on Monday.

Iranian Foreign Minister Hossein Amir-Abdollahian “emphasized that the Islamic republic of Iran has not and will not provide any weapon to be used in the war in Ukraine,” the foreign ministry said in a statement.

“We believe that the arming of each side of the crisis will prolong the war,” the Iranian foreign minister said in a call with his Portuguese counterpart Joao Gomes Cravinho.

“We have not considered and do not consider war to be the right path either in Ukraine or in Afghanistan, Syria and Yemen.”

In a separate phone call with EU foreign policy chief Josep Borrell on Friday, Amir-Abdollahian reiterated Iran’s official stance of neutrality over the war that started nearly eight months ago.

“We have defense cooperation with Russia, but our policy regarding the war in Ukraine is not sending weapons to the conflicting parties, stopping the war and ending the displacement of people,” he said.

On Monday, Ukrainian President Volodymyr Zelensky said Iranian drones were used in Russian attacks on energy infrastructure in several Ukrainian cities.

Last month, Kyiv decided to significantly reduce its diplomatic relations with Tehran over alleged arms deliveries to Russia.

Iran said the decision was “driven by baseless information provided by foreign media propaganda”.

In September, the United States slapped sanctions on a company it accused of helping deliver Iranian drones to Russia for use in Ukraine.