Iran has the technical means to make a nuclear bomb but does not intend to do so, the country's head of atomic energy Mohammad Eslami said on Monday.
The comments from Mr Eslami, reported by state news agency Fars, are the second such assertion made by a senior Iranian official in recent weeks about a nuclear bomb.
Kamal Kharrazi, senior adviser to supreme leader Ayatollah Ali Khamenei, made a similar remark in July.
However, his comments were seen as a suggestion that the country may be interested in making weapons using enriched uranium despite a 2003 fatwa ruling by Mr Khamenei forbidding the production of any form of weapon of mass destruction.
Although the US, Israel and other Middle East states have expressed concerns about Iranian nuclear enrichment for military purposes, Tehran denies that intends to build an atomic bomb.
However, it is already enriching uranium to a fissile purity of up to 60 per cent, far above a cap of 3.67 per cent set under the country's now tattered 2015 nuclear deal with world powers.
Uranium enriched to 90 per cent is required to make a nuclear bomb.
In 2018, Donald Trump, US president at the time, ditched the nuclear pact, under which Iran curbed its uranium enrichment work, a potential pathway to nuclear weapons, in exchange for relief from international economic sanctions.
Iran has responded to top EU diplomat Josep Borrell's proposal aimed at salvaging the nuclear accord, and seeks a swift conclusion to negotiations, Tehran's top nuclear negotiator said on Sunday.
On Tuesday, Mr Borrell said he had proposed a new draft text to revive the deal.
“After exchanging messages last week and reviewing the proposed texts, there is a possibility that in the near future, we will be able to reach a conclusion about the timing of a new round of nuclear negotiations,” Iranian foreign ministry spokesman Nasser Kanaani said.
The broad outline of a revived deal was essentially agreed on in March after 11 months of indirect talks in Vienna between Tehran and US President Joe Biden's administration.
But talks then broke down over obstacles such as Iran's demand that Washington should provide guarantees that no US president will abandon the deal in the same way Mr Trump did.
Mr Biden's administration has said it cannot promise this because the nuclear deal is a non-binding political understanding, not a legally binding treaty.
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Everything Now
Arcade Fire
(Columbia Records)
Tomb%20Raider%20I%E2%80%93III%20Remastered
%3Cp%3EDeveloper%3A%20Aspyr%0D%3Cbr%3EPublisher%3A%20Aspyr%0D%3Cbr%3EConsole%3A%20Nintendo%20Switch%2C%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20series%20X%2FS%0D%3Cbr%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Asian Cup 2019
Quarter-final
UAE v Australia, Friday, 8pm, Hazza bin Zayed Stadium, Al Ain
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now