The E3 nations – France, Germany and the UK – are pressing for a resolution against Iran at the International Atomic Energy Agency (IAEA) for defying demands to rein in its nuclear programme, in a move that may pave the way for further sanctions on the Iranian regime despite the head of the UN watchdog on Wednesday welcoming "a concrete step" by Iran to cap its uranium stockpile.
The IAEA's director general Rafael Grossi on Wednesday said Iran had accepted his request to stop increasing its uranium stockpile to just shy of weapons grade as he pushed back on claims that this offer was conditional on the E3 resolution being scrapped.
"I think this is a concrete step in the right direction," he said of Iran's agreement to cap its uranium enrichment levels at 60 per cent, which an IAEA yardstick deems enough, if enriched further, to create four nuclear weapons. “This is the first time that they are saying, ‘OK, we stop.’”
Discussions between Mr Grossi and Iranian officials, including President Masoud Pezeshkian, took place last week when the Argentinian diplomat travelled to Tehran.
Yet pledges obtained during his visit have not changed the E3's assessment that Iran is consistently failing to comply with its obligations and they now feel compelled to take further action, a representative for Germany's Federal Foreign Office told The National.
"Iran is weakening the global system to which all NPT [non-proliferation of nuclear weapons] members are subject," they said. "The fact that Iran is consistently failing to comply with the obligations arising from the CSA obliges us to act, in order to protect and preserve the international non-proliferation system. As E3, we have therefore, jointly with the US, introduced a corresponding resolution at the upcoming IAEA board of governors meeting in which, among other things, Iran is strongly urged to take the appropriate steps."
In parallel, French Foreign Minister Jean-Noel Barrot told his Iranian counterpart Abbas Araghchi in a phone call that it is imperative Iran co-operates fully with the IAEA. “The minister reiterated that Iran's nuclear escalation was very worrying and carried major risks of proliferation,” France's Foreign Ministry said in a statement.
Iran is on the back foot, given its heavy losses in the region, especially regarding Hezbollah
Ali Fathollah-Nejad,
political scientist
“France, with its German and British partners, is continuing its efforts to return to negotiations with Iran with a view to a diplomatic solution,” it added. Mr Barrot also asked that Iran adopt a “constructive attitude” towards ceasefire talks between Iran-backed Lebanese militia group Hezbollah and Israel. There are hopes a ceasefire deal may soon be reached as US envoy Amos Hochstein visits Beirut.
Tougher stance on Iran
The call between Paris and Tehran came one day after Mr Araghchi “strongly condemned” the decision by the E3 to put forward a resolution against Iran at the IAEA, calling for a comprehensive report into the country's nuclear activities. It is expected to be adopted at this week's quarterly meeting of the IAEA's 35-nation board of governors.
The resolution “contradicts the positive atmosphere created in the interactions between Iran and the agency and will only lead to a more complicated issue”, Mr Araghchi said.
The E3 are the only European nations that were party to a failed 2015 nuclear accord between Iran and world powers known as the Joint Comprehensive Plan of Action.
Confidential IAEA reports to member states said Iran had offered not to expand its stock of uranium enriched to up to 60 per cent purity, near the 90 per cent of weapons grade, and had made preparations to do that, according to news agency Reuters.
The aim is to pressure Iran to return to the negotiating table to agree on new restrictions on its nuclear activities since the 2015 deal fell apart. Although most of its terms have been broken, the deal's “termination day” on which those stipulations are lifted is next October.
The resolution pushed by the E3 also creates a path to launch the so-called snap-back mechanism which would reactivate international sanctions that had been suspended by the nuclear deal, said Behrooz Bayat, a former external expert at the IAEA and a senior fellow at a Berlin-based think tank, the Centre for Middle East and Global Order. The mechanism, which is a powerful tool in the hands of the E3, will also lift in October.
The resolution itself does not allow for the launch of snapback, but readies public opinion for tougher measures against Iran should it fail to comply with western demands.
“The West doesn't want to let the possibility of snapback from slipping out of its hands – it only has 11 months left of validity,” Dr Bayat told The National. “Legally, snapback can be activated any time but the West needs a political justification to do so by first demonstrating that Iran is not co-operating.”
The IAEA resolution pushed by the E3 could be escalated to the UN Security Council, but this is unlikely because it can be vetoed by Russia and China – similar resolutions adopted this year have not followed this path. The snapback cannot be blocked by a veto.
The resolution may also mean the IAEA must draft a comprehensive report on Iran's nuclear activities. The last time this was done was in 2011, and four years later, the nuclear deal followed, said Dr Bayat. “The West wants to know what is the real situation of [the] nuclear programme of Iran if they want to negotiate or enhance the sanctions, by for example, activating the snapback,” he said.
The increased pressure on Iran from the European countries comes after mounting concern over Iran's role in supporting Russia's war effort against Ukraine. Germany last month also ordered the closure of all general Iranian consulates in response to the execution of an Iranian-German dual citizen on terrorism charges.
Iran has signalled it is open to diplomatic negotiations over its nuclear programme ahead of the return of former president Donald Trump to the White House in January.
During his previous tenure (2017-2021), Mr Trump pushed for aggressive sanctions against Iran, causing it to lose $200 billion in oil revenue. He has vowed to renew his “maximum pressure” campaign when he returns to office.
Iran is all the more open to talks after Mr Trump's re-election, said Ali Fathollah-Nejad, the Centre for Middle East and Global Order's founder and director.
“Iran is on the back foot, given its heavy losses in the region, especially regarding Hezbollah,” Dr Fathollah-Nejad told The National. “It has to look for ways to strike a deal with the US and get some sanctions lifted in return for freezing or even rolling back of the nuclear programme.”
HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%3Cbr%3E%3C%2Fp%3E%0A
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
A list of the animal rescue organisations in the UAE
More from Neighbourhood Watch:
Expert advice
“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”
Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles
“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”
Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre
“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”
Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
Facebook | Our website | Instagram
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
JUDAS AND THE BLACK MESSIAH
Directed by: Shaka King
Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons
Four stars
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
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
John%20Wick%3A%20Chapter%204
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Chad%20Stahelski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Keanu%20Reeves%2C%20Laurence%20Fishburne%2C%20George%20Georgiou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Read more from Aya Iskandarani
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
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Mohammed bin Zayed Majlis
Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
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
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Profile of Udrive
Date started: March 2016
Founder: Hasib Khan
Based: Dubai
Employees: 40
Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.