Iranian Foreign Minister Abbas Araghchi has said enforcing the UN resolution will lead to complications. Reuters
Iranian Foreign Minister Abbas Araghchi has said enforcing the UN resolution will lead to complications. Reuters
Iranian Foreign Minister Abbas Araghchi has said enforcing the UN resolution will lead to complications. Reuters
Iranian Foreign Minister Abbas Araghchi has said enforcing the UN resolution will lead to complications. Reuters

Grossi resists IAEA enrichment resolution as Iran says: 'OK, we stop'


Sunniva Rose
  • English
  • Arabic

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.

Iranian missiles are displayed at the Islamic Revolutionary Guard Corps Aerospace Force Museum in Tehran. Reuters
Iranian missiles are displayed at the Islamic Revolutionary Guard Corps Aerospace Force Museum in Tehran. Reuters

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.”

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20JustClean%3Cbr%3E%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20with%20offices%20in%20other%20GCC%20countries%3Cbr%3E%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202016%3Cbr%3E%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20160%2B%20with%2021%20nationalities%20in%20eight%20cities%3Cbr%3E%3Cstrong%3E%3Cbr%3ESector%3A%3C%2Fstrong%3E%20online%20laundry%20and%20cleaning%20services%3Cbr%3E%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%2430m%20from%20Kuwait-based%20Faith%20Capital%20Holding%20and%20Gulf%20Investment%20Corporation%3C%2Fp%3E%0A
How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

COMPANY PROFILE

Company name: SimpliFi

Started: August 2021

Founder: Ali Sattar

Based: UAE

Industry: Finance, technology

Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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

Tewellah by Nawal Zoghbi is out now.

RESULT

Arsenal 2

Sokratis Papastathopoulos 45 4'

Eddie Ntkeiah 51'

Portsmouth 0

 

UAE currency: the story behind the money in your pockets

Age 26

Born May 17, 1991

Height 1.80 metres

Birthplace Sydney, Australia

Residence Eastbourne, England

Plays Right-handed

WTA titles 3

Prize money US$5,761,870 (Dh21,162,343.75)

Wins / losses 312 / 181

Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

The specs

Engine: 1.4-litre 4-cylinder turbo

Power: 180hp at 5,500rpm

Torque: 250Nm at 3,00rpm

Transmission: 5-speed sequential auto

Price: From Dh139,995

On sale: now

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Updated: November 20, 2024, 9:31 PM