Rafael Grossi, IAEA director general, right, speaks to Iranian Foreign Minister Hossein Amirabdollahian, left, during a meeting in Tehran in March. AP
Rafael Grossi, IAEA director general, right, speaks to Iranian Foreign Minister Hossein Amirabdollahian, left, during a meeting in Tehran in March. AP
Rafael Grossi, IAEA director general, right, speaks to Iranian Foreign Minister Hossein Amirabdollahian, left, during a meeting in Tehran in March. AP
Rafael Grossi, IAEA director general, right, speaks to Iranian Foreign Minister Hossein Amirabdollahian, left, during a meeting in Tehran in March. AP

US and Iran at loggerheads over nuclear deal despite claims of progress


Ahmed Maher
  • English
  • Arabic

The stalled talks on reviving a 2015 deal to prevent Iran from developing nuclear weapons have revealed tensions between Washington and Tehran as each side attempts to avoid blame if the year-long negotiations collapse.

The talks in Vienna, Austria, stopped last month despite repeated assurances from negotiators including Britain and France that a deal was within reach.

US and Iranian teams voiced mutual mistrust. Iran said any deal should come with a guarantee that a future US leader cannot unilaterally withdraw from it.

Congress appears divided, with many Republicans saying that the deal will not address serious national security concerns including Iran's controversial ballistic missile programme, and what 49 of 50 Republican senators recently called Iran's “ongoing support for terrorism and its gross abuses of human rights".

  • Russian contractors work at the Bushehr nuclear reactor site in 2007. The plant opened four years later. Bloomberg
    Russian contractors work at the Bushehr nuclear reactor site in 2007. The plant opened four years later. Bloomberg
  • An Iranian technician at the International Atomic Energy Agency inspects the country's Isfahan plant in 2007. Tehran is no longer co-operating with the agency at nuclear sites across the country. EPA
    An Iranian technician at the International Atomic Energy Agency inspects the country's Isfahan plant in 2007. Tehran is no longer co-operating with the agency at nuclear sites across the country. EPA
  • Workers wait to begin constructing a second reactor at the Bushehr nuclear power plant in 2019. AFP
    Workers wait to begin constructing a second reactor at the Bushehr nuclear power plant in 2019. AFP
  • A metal-encased rod with 20 per cent enriched nuclear fuel is inserted into a reactor in Tehran in 2012. AFP
    A metal-encased rod with 20 per cent enriched nuclear fuel is inserted into a reactor in Tehran in 2012. AFP
  • Fomer Iranian President Hassan Rouhani and the country's Atomic Energy Organisation chief Ali Akbar Salehi speak at the Bushehr nuclear site in 2015. AFP
    Fomer Iranian President Hassan Rouhani and the country's Atomic Energy Organisation chief Ali Akbar Salehi speak at the Bushehr nuclear site in 2015. AFP
  • Iran's Bushehr nuclear plant has been restarted. EPA
    Iran's Bushehr nuclear plant has been restarted. EPA
  • Mehdi Abrichamtchi, chairman of the Peace and Security Committee at the National Council of Resistance of Iran, shows journalists the location of a secret nuclear site in Iran in 2013. AFP
    Mehdi Abrichamtchi, chairman of the Peace and Security Committee at the National Council of Resistance of Iran, shows journalists the location of a secret nuclear site in Iran in 2013. AFP
  • Workers prepare to begin the construction of a second reactor at the Bushehr site. AFP
    Workers prepare to begin the construction of a second reactor at the Bushehr site. AFP

Tehran says that its nuclear programme is for civilian purposes and its missile strategy or related regional policy should not be part of a nuclear deal.

On Monday, Iranian officials spoke out on social media.

“If there is a pause in the Vienna talks, it is because of the American side has asked for too much,” Iranian Foreign Minister Hossein Amirabdollahian said on his official Twitter account.

“The Ministry of Foreign Affairs acts with power and logic to achieve the highest interests of the nation and to observe the red lines. We will never go overboard with America. If the White House behaves realistically, an agreement is achievable.”

He was referring to US President Joe Biden’s authority to use his veto powers if US politicians block a deal.

Earlier, Saeed Khatibzadeh, Mr Amirabdollahian's spokesman, said that the country's negotiators would not return to Vienna until Washington settles “outstanding issues”.

“If Washington answers the outstanding questions, we can go to Vienna as soon as possible,” he told reporters, without going into detail.

For nearly a year, negotiators from a group of world powers known as the P5+1 — the US, UK, France, China, Russia and Germany — have been working with Iran to restore the deal.

In 2018, it was abandoned by US president Donald Trump, who wanted to negotiate an agreement from scratch.

The original deal sought to limit Iran's stockpiles of enriched uranium, including low and medium-enriched varieties. The latter is easier to highly enrich, which could then be turned into weapons grade material.

These reduced stockpiles and limited enrichment processes would be inspected and verified by UN analysts.

In return, most economic sanctions, except some relating to Iran's support for terrorist groups, would be lifted.

Time is running out

US State Department spokesman Ned Price suggested it was Tehran that could unravel the deal at any point. He said time was running out.

“Anyone involved in the talks knows precisely who has made constructive proposals, who has introduced demands that are unrelated to the JCPOA, and how we reached this current moment,” Mr Price told reporters, using the acronym of the deal which is officially known as the Joint Comprehensive Plan of Action.

“Iran has been able to shrink that breakout time from where it started to a point where we can measure it in weeks rather than months. To us that is unacceptable as a long-term proposition.”

State Department spokesman Ned Price suggested it was Tehran that could make the deal unravel at any point and warned that time was running out. AFP
State Department spokesman Ned Price suggested it was Tehran that could make the deal unravel at any point and warned that time was running out. AFP

But the deal is not dead.

“We still believe there is an opportunity to overcome our remaining differences,” Mr Price said.

It is not just the US-Iran standoff that complicates matters.

Russia, a signatory to the 2015 deal agreed by the Obama administration, complicated the talks last month with a demand for written guarantees to have broad exemptions from the international sanctions imposed on it because of its invasion of Ukraine, so that it can do business with Iran.

Israel and several countries in the Middle East also have concerns about Iran’s long-range missile and drone programmes, and accuse Tehran of supplying proxy militias in Lebanon, Syria, Iraq and Yemen, including Hezbollah and the Houthis.

The Iran-backed militants have launched attacks against countries from Iraq to Saudi Arabia and the UAE.

Last week, Israeli Foreign Minister Yair Lapid hosted a summit with the leading diplomats of four Arab countries and US Foreign Secretary Antony Blinken.

“This new architecture — the shared capabilities we are building — intimidates and deters our common enemies, first and foremost Iran and its proxies,” Mr Lapid said after the talks alongside his US, Emirati, Bahraini, Moroccan and Egyptian counterparts.

Mr Blinken offered Washington's regional allies reassurance in the event that diplomacy with Iran failed.

“As neighbours and, in the case of the United States, as friends, we will also work together to confront common security challenges and threats, including those from Iran and its proxies,” he said.

In 2020, Iran attacked US troops stationed at Ain Al Asad airbase in Iraq with missiles that caused dozens of concussion injuries.

The attack followed a spiral of escalation between Iran-backed militias and US forces that left one US contractor dead. The US then conducted a drone strike near Baghdad airport that killed a senior Iranian military strategist, Gen Qassem Suleimani, leading to the Iranian attack.

Last month, Iran claimed responsibility for a missile barrage that struck near the US consulate complex in the northern city of Irbil in Iraq Kurdistan’s region, saying it was in retaliation for an Israeli strike in Syria that killed two members of its Islamic Revolutionary Guard Corps.

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Results

International 4, United States 1

Justin Thomas and Tiger Woods (US) beat Marc Leishman and Joaquin Niemann (International) 4 and 3.

Adam Hadwin and Sungjae Im (International) beat Xander Schauffele and Patrick Cantlay (US) 2 up.

Adam Scott and Byeong Hun An (International) beat Bryson DeChambeau and Tony Finau (US) 2 and 1.

Hideki Matsuyama and C.T. Pan (International) beat Webb Simpson and Patrick Reed (US) 1 up.

Abraham Ancer and Louis Oosthuizen (International) beat Dustin Johnson and Gary Woodland (US) 4 and 3.

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FIGHT CARD

Sara El Bakkali v Anisha Kadka (Lightweight, female)
Mohammed Adil Al Debi v Moaz Abdelgawad (Bantamweight)
Amir Boureslan v Mahmoud Zanouny (Welterweight)
Abrorbek Madaminbekov v Mohammed Al Katheeri (Featherweight)
Ibrahem Bilal v Emad Arafa (Super featherweight)
Ahmed Abdolaziz v Imad Essassi (Middleweight)
Milena Martinou v Ilham Bourakkadi (Bantamweight, female)
Noureddine El Agouti v Mohamed Mardi (Welterweight)
Nabil Ouach v Ymad Atrous (Middleweight)
Nouredin Samir v Zainalabid Dadachev (Lightweight)
Marlon Ribeiro v Mehdi Oubahammou (Welterweight)
Brad Stanton v Mohamed El Boukhari (Super welterweight

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

SERIE A FIXTURES

Saturday (UAE kick-off times)

Atalanta v Juventus (6pm)

AC Milan v Napoli (9pm)

Torino v Inter Milan (11.45pm)

Sunday

Bologna v Parma (3.30pm)

Sassuolo v Lazio (6pm)

Roma v Brescia (6pm)

Verona v Fiorentina (6pm)

Sampdoria v Udinese (9pm)

Lecce v Cagliari (11.45pm)

Monday

SPAL v Genoa (11.45pm)

THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

Updated: June 13, 2023, 12:42 PM