Enrique Mora, deputy secretary general of European External Action Service, and Iranian deputy at Ministry of Foreign Affairs Abbas Araghchi wait for the start of talks on reviving the 2015 Iran nuclear deal in Vienna. Reuters
Enrique Mora, deputy secretary general of European External Action Service, and Iranian deputy at Ministry of Foreign Affairs Abbas Araghchi wait for the start of talks on reviving the 2015 Iran nuclear deal in Vienna. Reuters
Enrique Mora, deputy secretary general of European External Action Service, and Iranian deputy at Ministry of Foreign Affairs Abbas Araghchi wait for the start of talks on reviving the 2015 Iran nuclear deal in Vienna. Reuters
Enrique Mora, deputy secretary general of European External Action Service, and Iranian deputy at Ministry of Foreign Affairs Abbas Araghchi wait for the start of talks on reviving the 2015 Iran nucle

Iran's president says economic war with the US is over​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​


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US sanctions on Iran could be coming to an end soon, departing Iranian President Hassan Rouhani said on Wednesday.

Addressing the Cabinet and the Iranian people, Mr Rouhani spoke about the ongoing nuclear talks and claimed that "the government has done a great job and ended the [economic] war".

"Thanks to the self-sacrifice of the people and the instructions of the Supreme Leader, who was able to pull the United States to the negotiating table in Vienna, we were able to resolve important issues."

Mr Rouhani said that Iran's chief negotiator Abbas Araghchi had been given the authority needed to move forward and finalise a deal.

"We can end the sanctions today," he said.

Earlier in the day, Mr Rouhani's chief of staff said negotiations between Iran, the US and Europe in Vienna had "progressed a lot".

Addressing the Iranian Students News Agency on the sidelines of a cabinet meeting, Mahmoud Vaezi said that the different sides had agreed on all economic issues and had agreed that more than 1,000 Trump-era sanctions should be lifted.

A US State Department spokesperson said progress has been made, but "nothing is agreed until everything is agreed".

"The precise nature and sequence of the sanctions-related steps that the United States would need to take to achieve a mutual return to compliance with the JCPOA objective is a subject of the talks," they said.
"As we have said, this has been a long road. We've continued to make progress toward defining the contours of an understanding of how we can return to mutual compliance with the JCPOA.
During negotiations of this complexity, negotiators try to draft text that capture the main issues, but again, nothing is agreed until everything is agreed."

They added that Special Envoy for Iran Robert Malley and the US delegation anticipated returning for another round of negotiations soon.

Mr Vaezi said sanctions on people and groups connected to the supreme leader would be lifted, but he did not specify whether this would also include Iran's incoming president, Ebrahim Raisi, who was hit with sanctions by the US in 2019.

Ebrahim Raisi, Iran's president-elect, holds his first press conference after winning the presidential election, in the capital Tehran. Bloomberg
Ebrahim Raisi, Iran's president-elect, holds his first press conference after winning the presidential election, in the capital Tehran. Bloomberg

Mr Vaezi also stressed that the departing administration would be working in tandem with the new incoming government to ensure continuity in policy and that no decisions were being made that the new president would be unsatisfied with.

Mr Raisi, Iran's newly elected hardliner president, is due to take office on August 3.

The statements from the Iranian officials came only days after US National Security Adviser Jake Sullivan said the talks in Vienna, which adjourned for a break on Sunday, were far from over.

European officials, however, signalled a more optimistic tone on Wednesday with Germany's foreign minister Heiko Maas insisting he  saw "good chance" of concluding the talks soon on reviving the nuclear deal.

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The biog

Profession: Senior sports presenter and producer

Marital status: Single

Favourite book: Al Nabi by Jibran Khalil Jibran

Favourite food: Italian and Lebanese food

Favourite football player: Cristiano Ronaldo

Languages: Arabic, French, English, Portuguese and some Spanish

Website: www.liliane-tannoury.com

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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.

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

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Jewel of the Expo 2020

252 projectors installed on Al Wasl dome

13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas

550 tonnes of moulded steel were raised last year to cap the dome

724,000 cubic metres is the space it encloses

Stands taller than the leaning tower of Pisa

Steel trellis dome is one of the largest single structures on site

The size of 16 tennis courts and weighs as much as 500 elephants

Al Wasl means connection in Arabic

World’s largest 360-degree projection surface

Russia's Muslim Heartlands

Dominic Rubin, Oxford

The bio

Job: Coder, website designer and chief executive, Trinet solutions

School: Year 8 pupil at Elite English School in Abu Hail, Deira

Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

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The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.