Iran could be ready for an exchange of prisoners with the US, its state-linked Fars news outlet reported on Wednesday.
The Fars report cited comments made by Saeed Khatibzadeh, spokesman for the Iranian Foreign Ministry.
"We are ready for the implementation of the agreement so that innocent Iranians imprisoned in the United States can be freed and quickly returned to the arms of their families,” Fars quoted the spokesman as saying.
The statement comes as the European Union and the US study Iran’s written response to what has been called a “final draft” of a new agreement, intended to revive the 2015-2018 nuclear deal. Several outstanding issues remain, one of the senior advisers to Iranian negotiators said on Wednesday.
The agreement struck in 2015 allowed UN nuclear inspectors into Iranian nuclear sites in exchange for the US lifting stringent trade sanctions.
But Iran complained that foreign investment was slow to return after 2015, despite the deal. Analysts said that was due in part to sanctions remaining in place on Tehran’s Islamic Revolutionary Guard Corps.
The IRGC runs a network of companies in Iran and some foreign investors were uncertain of the risk of unintentionally breaching sanctions against the force, which was listed as a terrorist organisation by Donald's Trump administration, a designation which continued under US President Joe Biden.
Critics of the Iranian regime — which has imprisoned scores of dual citizens, often on fabricated charges of espionage — claim the regime has held people as “hostages” to gain leverage in nuclear talks.
Uranium warning
Mohammad Marandi, a senior adviser to the Iranian negotiators involved in 16 months of talks with the EU, Russia, China and, indirectly, the US, on Wednesday spoke of unresolved issues.
He told the BBC that under the Joint Comprehensive Plan of Action — the name for the original deal agreed under Barack Obama and scrapped by Mr Trump — the US had not given strong enough assurances to western companies wishing to invest in Iran once sanctions were lifted.
“They came in when the agreement was acceptable to all sides,” Mr Marandi said.
“The US repeatedly violated the JCPOA under Obama and later tore it up at zero cost. Henceforth, violating the deal must come at a price.”
While he did not elaborate on how the Obama administration had breached the 2015 nuclear deal, he said any unilateral violation by Washington would come with the cost of the rapid resumption of uranium enrichment by Iran.
Wonka
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Paul%20King%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3ETimothee%20Chalamet%2C%20Olivia%20Colman%2C%20Hugh%20Grant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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
NBA Finals results
Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)
Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
KILLING OF QASSEM SULEIMANI
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
CRICKET%20WORLD%20CUP%20LEAGUE%202
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MATCH INFO
Watford 1 (Deulofeu 80' p)
Chelsea 2 (Abraham 5', Pulisic 55')
BRAZIL SQUAD
Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).