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 to hold war games near Azerbaijan border amid criticism from Baku

An Azerbaijan national flag flies next to the medieval Khuadferin bridge in the country's Jebrayil district at the border with Iran, Dec, 2020. (AFP file)
  • Azerbaijani President Ilham Aliyev had criticized Tehran over the drills, calling them "a very surprising event".
  • Iran has called the drills a "question of sovereignty".

Teheran: Iran’s army is to hold maneuvers near the Azerbaijan border from Friday, state media announced, despite strong criticism from Baku.
“The maneuvers scheduled to start on Friday will involve armored units as well as artillery, drones and military helicopters,” the army’s ground forces commander General Kioumars Heydari told the official IRNA news agency.
Heydari said they were “combat readiness exercises for the ground forces in this region,” but gave no details of where they would be held or how long they would last.
Azerbaijani President Ilham Aliyev had criticized Tehran over the drills, calling them “a very surprising event”.
“Every country can carry out any military drill on its own territory. It’s their sovereign right. But why now, and why on our border?” he said in an interview with Turkish news agency Anadolu published on Monday.
His comments were quickly rebuffed by Iran’s foreign ministry spokesman Saeed Khatibzadeh.
“The drills carried out by our country in the northwest border areas… are a question of sovereignty,” Khatibzadeh said in a statement on the ministry website.
He also took a dig at Azerbaijan’s close relations with Iran’s arch-foe Israel. “Iran will not tolerate the presence of the Zionist regime near our borders,” he said.
A major supplier of arms to Azerbaijan, Israel came under diplomatic fire from Armenia during last year’s conflict between the Caucasus neighbors.
Iran and Azerbaijan share a border of around 700 kilometers (430 miles).
Ethnic Azeris make up around 10 million of Iran’s 83 million people.