An inspector from the International Atomic Energy Agency sets up surveillance equipment at an Iranian nuclear site in 2005. AP
An inspector from the International Atomic Energy Agency sets up surveillance equipment at an Iranian nuclear site in 2005. AP
An inspector from the International Atomic Energy Agency sets up surveillance equipment at an Iranian nuclear site in 2005. AP
An inspector from the International Atomic Energy Agency sets up surveillance equipment at an Iranian nuclear site in 2005. AP

Iran is removing ‘basically all’ monitoring equipment imposed by nuclear deal, IAEA says


Ismaeel Naar
  • English
  • Arabic

Iran has removed “basically all” of the additional monitoring equipment installed under the 2015 nuclear deal, the chief of the UN's nuclear watchdog said on Thursday.

Rafael Grossi, the director general of the International Atomic Energy Agency, said Iran had so far removed 27 surveillance cameras at its nuclear sites.

He said the move was a “serious challenge” to the agency's work in the country.

“What we have been informed is that 27 cameras … are being removed in Iran,” Mr Grossi said.

“So this, of course, poses a serious challenge to our ability to continue working there.”

The latest move from Iran comes after the agency's board of governors officially rebuked Tehran on Wednesday for having nuclear materials at undeclared sites.

The row has escalated in recent months, with talks over resurrecting the 2015 deal in Vienna reaching a dead end after a year of on-and-off meetings.

The agency has said the responses given by Iranian officials to questions about the materials seem to lack credibility.

US Secretary of State Antony Blinken said on Thursday that Iran's latest “provocations” around its nuclear programme risk a “deepening” crisis and further economic and political isolation for Tehran.

“Unfortunately, Iran's initial response to the board’s action has not been to address the lack of co-operation and transparency that prompted a negative report from the IAEA director general and such strong concern in the board, but instead to threaten further nuclear provocations and further reductions of transparency,” Mr Blinken said in a statement.

“Such steps would be counterproductive and would further complicate our efforts to return to full implementation of” the nuclear deal.

“The only outcome of such a path will be a deepening nuclear crisis and further economic and political isolation for Iran. We continue to press Iran to choose diplomacy and de-escalation instead,” he said.

Rafael Grossi, director general of the International Atomic Energy Agency, has said Iran has taken down 27 security cameras at its nuclear sites. AFP
Rafael Grossi, director general of the International Atomic Energy Agency, has said Iran has taken down 27 security cameras at its nuclear sites. AFP

The UK, France and Germany issued a joint statement on the current position of the nuclear deal, saying: “There has been a viable deal on the table since March 2022, which would return Iran to compliance with its [Joint Comprehensive Plan of Action] commitments and the US to the deal.

“We regret that Iran has not seized the diplomatic opportunity to conclude the deal. We urge it to do so now.”

The countries blasted Iran for installing additional advanced centrifuges and telling the agency it would end all deal-related transparency measures.

“This jeopardises the ability of the [agency] to restore continuity of knowledge on key parts of the Iranian nuclear programme, including on the production of centrifuges,” the joint statement said.

“We condemn these steps and that it is responding to concerns expressed by the IAEA board of governors — in a resolution adopted with overwhelming support — by announcing steps to even further decrease co-operation with the IAEA.”

The statement said Iran's actions only aggravate the situation and complicate efforts to restore the deal fully while also casting doubt on Tehran's commitment to a successful outcome.

“We urge Iran to resume application of the additional protocol and of all JCPOA-related monitoring and verification measures, cease its nuclear escalation and urgently conclude the deal currently on the table to restore the JCPOA, while this is still possible,” the statement said.

The Atomic Energy Organisation of Iran, which runs its nuclear programme, published video on Thursday that it said showed its workers turning off regular and backup battery power for two agency cameras on Wednesday.

Iran said it also planned to install two new cascades of advanced centrifuges that would allow it to enrich more uranium quickly, the IAEA said.

The decision to add the two IR-6 centrifuges cascades at its underground Natanz site comes as countries at an agency meeting in Vienna voted to censure Iran.

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UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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.”

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Huroob Ezterari

Director: Ahmed Moussa

Starring: Ahmed El Sakka, Amir Karara, Ghada Adel and Moustafa Mohammed

Three stars

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Updated: June 09, 2022, 10:37 PM