Changes requested by Iran's Foreign Minister Abbas Araghchi prompted the cancellation on Monday of his participation in a nuclear policy conference in Washington.
Shortly before Mr Araghchi's scheduled online appearance at the event, a representative for the Carnegie Endowment for International Peace told those in attendance that at the last minute, the Iranian team had asked to cut back the question-and-answer portion.
“Unfortunately, the Foreign Minister’s team subsequently requested changes to the previously agreed format, which would have severely curtailed the ability of the moderator and the audience to question the Foreign Minister,” the Carnegie International Policy Conference said in an email elaborating on the decision.
“As a result, Carnegie made the decision not to proceed with the session.”
In a statement to The National, Iran’s mission to the UN accused the Carnegie Endowment of trying to “alter the format of the keynote into a debate”.
In prepared remarks seen by The National, Mr Araghchi was to have said that Iran’s peaceful nuclear programme has been "mischaracterised and misunderstood due to wrong perceptions and politically motivated narratives".
"Such narratives have shaped misguided policies and hindered opportunities for meaningful diplomacy," he was to say in the undelivered speech. "I am cautiously optimistic that this toxic dynamic may be about to change."
He suggests that US President Donald Trump recognise past policy failures in the Middle East, which he said had cost American taxpayers "trillions of dollars ... with zero gains for the United States".
Iran has long been willing to engage with Washington on the basis of "mutual respect and equal standing", he says, including recognition of its rights as a signatory to the Nuclear Non-Proliferation Treaty to produce nuclear fuel for power plants.
Iran agreed to what he calls "the most intrusive inspection regime the world has ever seen" under the 2015 nuclear deal. "We have made abundantly clear that we have nothing to hide" he adds.
Mr Araghchi says that whatever agreement may be concluded should be pillared on guaranteeing Iran’s economic benefits coupled with robust monitoring and verification, ensuring the peaceful nature of Iran’s nuclear programme.
“The scope of negotiations must also be clear; negotiations should remain focused solely on removal of sanctions and the nuclear issue,” he says. “In a region as rough and volatile as ours, Iran will never put its security up for negotiation.”
Mr Araghchi was not on the original list of speakers for 2025 Carnegie International Nuclear Policy Conference, but was added on Saturday.
In place of Mr Aragchi, Carnegie bumped up a panel discussion about nuclear policy, Ukraine and Russia.
Several hours after the Iranian Foreign Minister was to speak at the event, he attempted to explain the entire ordeal on X in a lengthy post.
"I am accustomed to tough questions from journalists and ordinary concerned citizens alike. But turning my keynote address into an open Q&A would either turn the event into a public negotiation, which I am not willing to countenance, or be unsatisfactory for an audience probably looking for details on where the talks might go," he wrote.
"I regret that my intended host was neither cognizant nor considerate of these sensitive dynamics."
Mr Araghchi's appearance at the Washington event would have come as talks between Iran and the US on Tehran's nuclear programme gain momentum following a series of meetings in Rome.
For years, Washington and Tehran have been at odds over Iran's nuclear activities. The US fears Iran is working towards building a nuclear weapon, but Tehran claims its programme is for peaceful purposes.
The second round of negotiations led by Mr Araghchi and US envoy to the Middle East Steve Witkoff ended on a positive note in the Italian capital.
The Oman-brokered talks lasted for four hours and officials declared it a “good meeting” that yielded progress.
On Sunday, Omani Foreign Minister Badr Al Busaidi thanked Mr Araghchi and Mr Witkoff “for their highly constructive approach” to the discussions.
“These talks are gaining momentum and now even the unlikely is possible,” Mr Al Busaidi said on X.
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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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”.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
How it works
Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com
UAE currency: the story behind the money in your pockets
Results
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Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Omar Yabroudi's factfile
Born: October 20, 1989, Sharjah
Education: Bachelor of Science and Football, Liverpool John Moores University
2010: Accrington Stanley FC, internship
2010-2012: Crystal Palace, performance analyst with U-18 academy
2012-2015: Barnet FC, first-team performance analyst/head of recruitment
2015-2017: Nottingham Forest, head of recruitment
2018-present: Crystal Palace, player recruitment manager
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Scores
Rajasthan Royals 160-8 (20 ov)
Kolkata Knight Riders 163-3 (18.5 ov)
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Honeymoonish
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