An Iranian cleric visits the Islamic Revolutionary Guard Corps Aerospace Force Museum in Tehran. Reuters
An Iranian cleric visits the Islamic Revolutionary Guard Corps Aerospace Force Museum in Tehran. Reuters
An Iranian cleric visits the Islamic Revolutionary Guard Corps Aerospace Force Museum in Tehran. Reuters
An Iranian cleric visits the Islamic Revolutionary Guard Corps Aerospace Force Museum in Tehran. Reuters

Iran agrees to halt expansion of enriched uranium needed to make nuclear bomb


Tariq Tahir
  • English
  • Arabic

Iran has taken steps to halt the expansion of its stockpile of highly enriched uranium, according to a confidential report by the International Atomic Energy Agency.

The offer to do so was conditional on western powers abandoning their push for a resolution against Iran at this week's meeting of the IAEA’s 35-nation board of governors over its lack of co-operation with the UN nuclear watchdog.

According to the IAEA, Iran is the only non-nuclear weapon state to enrich uranium to 60 per cent, a short step from the 90 per cent needed for atomic weapons, but the regime has always denied planning to build a nuclear weapon.

Iran has increased its stockpile of enriched uranium in recent months, reaching more than 32 times the limit set in the 2015 accord with world powers. The stockpile was estimated at 6,604.4kg as of October 26, up 852.6kg from the last quarterly report in August.

The confidential report follows a visit last week by IAEA head Rafael Grossi to Tehran for talks with President Masoud Pezeshkian and other officials.

During the visit, "the possibility of Iran not further expanding its stockpile of uranium enriched up to 60 per cent was discussed", the report said.

International Atomic Energy Agency chief Rafael Grossi on a recent visit to Iran. Reuters
International Atomic Energy Agency chief Rafael Grossi on a recent visit to Iran. Reuters

"On November 16, the agency verified that Iran had begun implementation of preparatory measures aimed at stopping the increase of its stockpile of uranium enriched up to 60 per cent," it added. "Exchanges between the agency and Iran on this matter are expected to continue."

The report comes on the eve of the board of governors' meeting, where European powers, backed by the US, seek to censure Iran for its poor co-operation with the UN nuclear watchdog.

The draft resolution backed by Britain, France, Germany and the US condemning Iran would also assign the body with the task of issuing a "comprehensive report" on Iran's nuclear activities, diplomats said.

The aim is to pressure Iran to return to the negotiating table to agree on new restrictions on its nuclear activities.

Britain's Foreign Office said on Tuesday that it is deeply concerned that Iran continues to increase its uranium stockpile, adding that this includes "High-enriched uranium which has no credible civilian justification".

"Iran’s stockpile brings it very close to having fissile material that could be used for a nuclear weapon and is unprecedented for a state without a nuclear weapons programme," the Foreign Office said in a statement. “We remain committed to taking every diplomatic step to prevent Iran from developing nuclear weapons, including through snapback if necessary."

US president-elect Donald Trump pulled the US out of the nuclear deal in 2018, which led to it unravelling. He has pledged to again take a more confrontational approach and align Washington even more closely with Iran's arch-foe Israel, which opposed the deal.

It comes as Iranian MP Mahmoud Nabavian on Monday called for Tehran to change its nuclear policy to allow it to develop "any weapon that creates deterrence" against attacks on the country.

His comments follow a series of similar remarks from senior officials, who said Iran should abandon its long-standing position against developing nuclear weapons, after coming under direct attack from Israel twice this year.

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

 

 

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The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

UAE currency: the story behind the money in your pockets
How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
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

BUNDESLIGA FIXTURES

Saturday

Borussia Dortmund v Eintracht Frankfurt (5.30pm kick-off UAE)

Bayer Leverkusen v Schalke (5.30pm)

Wolfsburg v Cologne (5.30pm)

Mainz v Arminia Bielefeld (5.30pm)

Augsburg v Hoffenheim (5.30pm)

RB Leipzig v Bayern Munich (8.30pm)

Borussia Monchengladbach v Freiburg (10.30pm)

Sunday

VfB Stuttgart v Werder Bremen  (5.30pm)

Union Berlin v Hertha Berlin (8pm)

Top Hundred overseas picks

London Spirit: Kieron Pollard, Riley Meredith 

Welsh Fire: Adam Zampa, David Miller, Naseem Shah 

Manchester Originals: Andre Russell, Wanindu Hasaranga, Sean Abbott

Northern Superchargers: Dwayne Bravo, Wahab Riaz

Oval Invincibles: Sunil Narine, Rilee Rossouw

Trent Rockets: Colin Munro

Birmingham Phoenix: Matthew Wade, Kane Richardson

Southern Brave: Quinton de Kock

UAE currency: the story behind the money in your pockets
Updated: November 20, 2024, 3:26 AM