Iranian President Masoud Pezeshkian appears to be more keen to negotiate with the West. Getty
Iranian President Masoud Pezeshkian appears to be more keen to negotiate with the West. Getty
Iranian President Masoud Pezeshkian appears to be more keen to negotiate with the West. Getty
Iranian President Masoud Pezeshkian appears to be more keen to negotiate with the West. Getty

Iran seeking more diplomatic talks with the West


Thomas Harding
  • English
  • Arabic

Talks to de-escalate Iran’s nuclear programme resumed in Geneva on Friday with western officials telling The National that the regime appeared “eager” to engage in discussions.

With Tehran still reeling from its proxy Hezbollah’s weakened status following the war in Lebanon, and from Israel’s air strikes last month, it appears that the new government under President Masoud Pezeshkian is keen to negotiate.

That will become even more urgent when US president-elect Donald Trump returns to office in January with Israeli security sources disclosing to The National that the country believes he will “sign off” an attack on Iran’s nuclear sites.

The prospect of a strike was part of “planning for a variety of scenarios,” a western official also said, adding that “Iran is feeling the pressure that ultimately a Trump presidency would potentially be very, very bad for them”.

The Iranian flag flies in front of the UN. Reuters
The Iranian flag flies in front of the UN. Reuters

The head of MI6, Britain's foreign intelligence service, also stated on Friday that Iran's nuclear ambitions posed a major global security threat.

“Iran's allied militias across the Middle East have suffered serious blows,” Richard Moore said in a speech in Paris. “But the regime's nuclear ambitions continue to threaten all of us.”

While Iran widely publicised the meeting of its senior nuclear negotiator, Majid Takht-Ravanchi, with top diplomats from Britain, Germany and France, known as the E3, the western countries were surprised by the amplification of the conference.

“It’s the Iranians who have brought this to everybody's attention,” the western official said. “This is not necessarily something we were proactively briefing about and it’s the Iranians who frankly made it something more than it is.”

It is understood that Mr Pezeshkian’s new team is looking to reset its communications strategy with the West, although it is unclear how much support he will have from the dominant Islamic Revolutionary Guard Corps and Ayatollah Ali Khamenei to draw down the nuclear programme.

An Iranian missile launch during a training exercise. Wana
An Iranian missile launch during a training exercise. Wana

Following the meeting a senior Iranian diplomat disclosed that more dialogue would occur “in the near future” adding that the discussions had been “candid”.

That concurred with the western official who disclosed that E3 officials would state Iran’s nuclear programme was “unacceptable and destabilising” and that the discussion would be “an opportunity for us to criticise them over their support for Russia's war in Ukraine”.

“We are very clear that what Iran is doing in support of Russia is a threat to European security,” he added.

But Kazem Gharibabadi, Iran's Deputy Foreign Minister for Legal and International Affairs, who was also involved in the talks, wrote on X, formerly Twitter, that the country was “firmly committed to pursue the interests of our people and our preference is the path of dialogue and engagement”.

However, Mr Gharibabadi, following a meeting with EU diplomats in Geneva on Thursday, also argued that “Europe has failed to be a serious player” on the nuclear issue, after Mr Trump broke off the nuclear agreement in 2018 and unilaterally reimposed sanctions on Tehran.

He also urged the EU to “abandon its self-centred and irresponsible behaviour” on a range of issues including the wars in Ukraine and Gaza.

A Whitehall source stated that Friday’s meeting demonstrated that the E3 countries felt “we need to be able to continue to engage with Iran because when you sit down across the table they feel the pressure”.

But also by engaging with Iran they could draw them away from the broadly held view that the country was seen as a "malign influence" in the Middle East, he added.

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  • 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

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COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

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Send “thenational” to the following numbers or call the hotline on: 0502955999
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What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

if you go

The flights
Flydubai offers three daily direct flights to Sarajevo and, from June, a daily flight from Thessaloniki from Dubai. A return flight costs from Dhs1,905 including taxes.
The trip 
The Travel Scientists are the organisers of the Balkan Ride and several other rallies around the world. The 2018 running of this particular adventure will take place from August 3-11, once again starting in Sarajevo and ending a week later in Thessaloniki. If you’re driving your own vehicle, then entry start from €880 (Dhs 3,900) per person including all accommodation along the route. Contact the Travel Scientists if you wish to hire one of their vehicles. 

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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

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday, February 8 v Kenya; Friday, February v Canada; Sunday, February 11 v Nepal; Monday, February 12 v Oman; Wednesday, February 14 v Namibia; Thursday, February 15 final

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

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TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

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Updated: November 29, 2024, 6:26 PM