Iran has played down a drone attack on a munitions centre in Isfahan, calling it a minor incident, but some analysts said the strike was a significant blow to Tehran.
Three drones struck a “military workshop” in the city on Saturday night, Iran's Defence Ministry said, claiming it shot down the unmanned aerial vehicles.
One of the drones caused “minor damage” to the workshop's roof, it said.
It offered no other details on the attack, which occurred as a huge fire broke out at an oil refinery in north-western Iran.
The cause of the blaze is still under investigation, officials have said.
Israel carried out a drone strike on a defence compound in Isfahan, the Wall Street Journal reported, citing unidentified US officials and sources.
“This cowardly act was carried out today as part of the efforts made by enemies of the Iranian nation in recent months to make the Islamic republic insecure,” Foreign Minister Hossein Amirabdollahian told a press conference with his visiting Qatari counterpart, Sheikh Mohammed bin Abdulrahman.
“Such measures cannot affect the will and intention of our specialists for peaceful nuclear developments,” AFP quoted him as saying.
State news outlet Irna hit out at other media for “fearmongering” following the incidents.
The Pentagon said no US military forces had conducted operations inside Iran.
“We continue to monitor the situation, but have nothing further to provide,” the Pentagon's press office told The National.
The attack comes as US Secretary of State Antony Blinken begins a Middle East tour amid soaring regional tension and heightened violence in Jerusalem and the occupied West Bank.
He is expected to discuss the Iranian threat with senior Israeli officials, who have yet to comment on the Saturday attack.
Iran's Foreign Ministry spokesman Nasser Kanaani hit out at Israel on Sunday, saying US support would “not help the regime's survival”.
While Iran said the attack would not stop Tehran from “progressing”, intelligence officials said it was far more destructive that Iran had reported, The Jerusalem Post reported.
Regional outlets reported that the US carried out the strike with a “second country”. American sources denied Israel had participated in the attack.
The strike would mark the first assault on Iran since Israeli Prime Minister Benjamin Netanyahu returned to office in Israel, accompanied by a hardline government that has not only vowed to entrench Israel's occupation but also to clamp down on Iran and its growing nuclear activity.
Israeli officials have so far declined to comment on the strike and rarely acknowledge action in Iran, where the country is thought to have launched several attacks on nuclear sites in recent years.
Israel is suspected of attacking sites such as the Natanz nuclear plant, where Iran is now reportedly increasing its stockpile of enriched uranium.
Tension is also running high with Azerbaijan after a gunman killed one and wounded another outside its embassy in Tehran on Friday, an attack denounced by Baku as an “act of terrorism”.
Iran's army recently conducted military exercises near the shared border as Azerbaijan draws closer to Israel, drawing ire from Tehran.
Azeri officials said embassy staff would be pulled from Tehran and Iran's ambassador summoned over the incident.
Tehran has come under heightened scrutiny in recent months after its brutal suppression of anti-government protests and its drone supplies to Russia.
Moscow has used Iran's Shahed loitering, self-detonating drones against Ukrainian civilians.
Ukrainian officials referenced Saturday's attack, with an adviser to President Volodymyr Zelenskyy saying Kyiv warned there would be repercussions from Iran's support for Russia.
“The logic of war is relentless and murderous. And issues hard bills to authors and co-conspirators,” tweeted Mr Zelenskyy's adviser Mykhailo Podolyak, citing “panic” in Moscow.
“Explosive night in Tehran: drone and missile industries, oil refineries,” he said. “Ukraine did warn you.”
The attack also follows US-Israeli military drills intended to project a strong front against Tehran and its growing nuclear threat, while CIA chief William Burns made an unannounced visit to Israel.
The five-day joint exercises, the most significant in recent years, involved planes used to strike hard-to-reach nuclear sites, analysts said.
On Thursday, the former chief of Israel's navy said it was better to attack Iran “sooner rather than later”.
“In my understanding, I think Israel has to attack, because the situation right now is that Iran is a threshold country — 100 per cent,” Vice Admiral Eliezer Marum told i24.
Tehran has ignored repeated calls to halt its nuclear programme, breaching commitments it made under the defunct 2015 nuclear deal in exchange for reduced sanctions.
It has increased its stockpile of highly-enriched uranium and installed advanced centrifuges at several sites, despite UN warnings over uranium traces at several undeclared locations.
With reporting by Sunniva Rose in Brussels
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
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The Farewell
Director: Lulu Wang
Stars: Awkwafina, Zhao Shuzhen, Diana Lin, Tzi Ma
Four stars
The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
La Mer lowdown
La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
Indika
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Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
MATCH INFO
RB Leipzig 2 (Klostermann 24', Schick 68')
Hertha Berlin 2 (Grujic 9', Piatek 82' pen)
Man of the match Matheus Cunha (Hertha Berlin
Vikram%20Vedha
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Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
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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.”
UAE currency: the story behind the money in your pockets
BRIEF SCORES
England 228-7, 50 overs
N Sciver 51; J Goswami 3-23
India 219, 48.4 overs
P Raut 86, H Kaur 51; A Shrubsole 6-46
England won by nine runs
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
The biog
Name: Fareed Lafta
Age: 40
From: Baghdad, Iraq
Mission: Promote world peace
Favourite poet: Al Mutanabbi
Role models: His parents