Iran and the US held “constructive” high-level talks, including a brief face-to-face discussion, in Oman's capital Muscat on Saturday afternoon and are set to continue next week, according to Iran's Foreign Ministry and the White House.
Iranian Foreign Minister Abbas Araghchi and US Middle East envoy Steve Witkoff spoke briefly in the presence of Omani Foreign Minister Badr Al Busaidi, Tehran said, although it had earlier said that talks would be indirect.
The talks were the first face-to-face interaction between the two nations since former US president Barack Obama was in power. The adversaries, who have not had diplomatic relations for more than 40 years, are seeking a new deal on Iran's nuclear programme after current US President Donald Trump pulled out of an agreement during his first term.
Mr Araghchi, an experienced negotiator and an architect of the 2015 accord, and Mr Witkoff, a real estate magnate, led the delegations in the highest-level Iran-US nuclear talks since Mr Trump collapsed the deal in 2018.
“Indirect talks between the Islamic Republic of Iran and the United States of America on the issue of lifting sanctions and the nuclear issue ended,” the Iranian Foreign Ministry said on Saturday, following two-and-a-half hours of discussions mediated by Oman.
Iran and the US held discussions “in a constructive atmosphere based on mutual respect, through the Foreign Minister of Oman”, the ministry's statement on Telegram added. “The parties agreed that these talks will continue next week.”
Mr Araghchi later told state television that the next round of talks will be held next Saturday. “I think we are very close to a basis for negotiations and if we can conclude this basis next week, we’ll have gone a long way and will be able to start real discussions based on that,” he said.
“The discussions were very positive and constructive, and the United States deeply thanks the Sultanate of Oman for its support of this initiative,” the White House said in a statement.
Mr Witkoff had conveyed to his counterpart that Mr Trump had instructed him to resolve the differences between Tehran and Washington “through dialogue and diplomacy, if that is possible”, the statement added.
“These issues are very complicated, and special envoy Witkoff’s direct communication today was a step forward in achieving a mutually beneficial outcome,” it added, and confirmed that they agreed to meet again in a week.
Mr Araghchi thanked Mr Al Busaidi for his mediation, saying he went back and forth between the two halls about four times during the discussions. “Iran and the US side want an agreement in the short term. We do not want talks for [the sake of] talks,” the Iranian Foreign Minister added.
Esmail Baghaei, Iran's Foreign Ministry spokesman, had earlier announced in a post on X the start of “indirect talks”.
“These talks will be held at the location provided by the Omani host, with representatives of the Islamic Republic of Iran and the United States seated in separate halls,” he said.
On April 8, Mr Trump, sitting alongside Israeli Prime Minister Benjamin Netanyahu in the White House, said Washington would hold “direct” talks with Iran on its nuclear programme.
Iran had disputed this claim and maintained that negotiations would be done through a mediator.
Nearly two hours after they began, a member of Iran's delegation told semi-official Tasnim news agency that the talks with the US were going “positively”.
Earlier on Saturday, Mr Araghchi had met Mr Al Busaidi and conveyed messages to be relayed to the US, according to Irna.
The goal of negotiations in Oman was to reach “fair and honourable agreement” from a position of “equal standing”, said Mr Araghchi, according to a video posted by Iran's semi-official Tasnim News Agency.
“If the other side also comes from the same position, then hopefully there will be a chance for an initial understanding that will lead to a path of negotiations,” he added.
Mr Baghaei said Tehran aimed to use “all its capacities to protect Iran's authority and national interests” before his departure to Oman, according to Irna.
The Iranian delegation also included Deputy Political Affairs Minister Majid Takht-Ravanchi, Deputy International and Legal Affairs Minister Kazem Gharibabadi and negotiators on sanctions relief, Iranian state media reported.
The meeting was closed to the media.
Iran had maintained that the negotiations would involve its nuclear programme and sanctions relief, while the US's position is dismantling it altogether.
“I think our position begins with dismantlement of [Iran's] programme. That is our position today,” Mr Witkoff told The Wall Street Journal before his trip. “That doesn’t mean, by the way, that at the margin we’re not going to find other ways to find compromise between the two countries.”
Mr Trump gave Iran a two-month deadline to either agree to a new deal or risk military action, after Tehran had rejected direct talks with the US.
“If they don't make a deal, there will be bombing,” the US President said in an interview last month. “It will be bombing the likes of which they have never seen before,” he told NBC News.
US and Iran begin negotiations in Oman: What's at stake?
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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.
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
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Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
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THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
SPECS
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
First Person
Richard Flanagan
Chatto & Windus
History's medical milestones
1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
1952 - First organ transplant - a kidney - takes place
1954 - Clinical trials of birth control pill
1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.
1998 - The first adult live-donor liver transplant is carried out
Gender equality in the workplace still 200 years away
It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.
The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.
But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.
At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.
The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.
After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.
Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.
And the number of women in leadership roles has risen to 34 per cent globally, WEF said.
At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.
And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.
* Agence France Presse
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
MORE ON CORONAVIRUS & THE ECONOMY
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The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Zayed Sustainability Prize
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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