It is likely Iranian Foreign Minister Abbas Araghchi will resume nuclear talks with US Middle East envoy Steve Witkoff. EPA
It is likely Iranian Foreign Minister Abbas Araghchi will resume nuclear talks with US Middle East envoy Steve Witkoff. EPA
It is likely Iranian Foreign Minister Abbas Araghchi will resume nuclear talks with US Middle East envoy Steve Witkoff. EPA
It is likely Iranian Foreign Minister Abbas Araghchi will resume nuclear talks with US Middle East envoy Steve Witkoff. EPA


Regardless of its rhetoric, Iran clearly wants to resume talking to Trump


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July 11, 2025

Iran was in talks with the US over its nuclear programme last month when Israel launched a war against it, joined by Washington shortly thereafter. With hostilities now on pause, the spectre of negotiations has returned.

We are likely to soon see another round of negotiations between the two countries, once again led by Iranian Foreign Minister Abbas Araghchi and US Middle East envoy Steve Witkoff. According to Axios, talks might take place in Oslo this time.

Israel’s attacks, followed by US strikes on Iran’s nuclear facilities, just ahead of the sixth round of talks were scheduled in Muscat. The global consensus before the assault had been that US President Donald Trump was determined to take the diplomatic route to resolve the question mark over Iran’s nuclear programme. Following the strikes, however, many Iranians are wary of returning to the talks, worried that the US or Israel might attack again even as the negotiations are under way. Some believe Tehran should secure a guarantee that no military hostilities will take place while the talks are on.

Iran’s initial reaction to the attacks was to withdraw from its talks with the US. Mr Araghchi and other Iranian officials have since spoken dismissively of the possibility of a return to diplomacy. But knowing full well that there is no alternative to engagement, if it wants to avoid another war, Tehran is trying to find a way back to the negotiating table. Washington, meanwhile, has issued new sanctions against Iranian oil exports – another reminder from Mr Trump that he is ready to tighten the screws again.

There is a narrative war on who wants the next round of talks to take place. On Monday, after having dinner at the White House with Israeli Prime Minister Benjamin Netanyahu, Mr Trump said Iran was the party seeking negotiations. “They want to talk,” he said. “They want to work something out. They are very different now than they were two weeks ago.”

The following day, Tehran denied it had reached out to Washington for talks. Iranian Foreign Ministry spokesman Esmaeil Baghaei said no such request had been sent. On the same day, Iran’s semi-official Mehr News Agency cited “credible sources” in Tehran claiming that it was the US that sought a return to negotiations and that Iran was mulling over its response.

Iran is understandably wary of confirming Mr Trump’s narrative that it has been weakened so considerably by the war that it now sees no way out other than to talk. But look more closely and it’s clear that Tehran is indeed eager to engage again.

Iranian President Masoud Pezeshkian recently gave a much-discussed interview to the prominent American journalist Tucker Carlson.

Carlson is a favourite of Mr Trump, but his vociferous opposition to any Iran-US conflict has led to rebukes from the President. Mr Pezeshkian used Carlson’s prominent platform to portray his government’s stated emphasis on peace and diplomacy, saying that Tehran would have “no problem” in restarting the diplomatic process.

The Iranian President also appears to have attempted to drive a wedge between Mr Trump and Mr Netanyahu, suggesting that it was the latter who had dragged the US into the conflict and that Mr Trump now has a chance of breaking from him.

Mr Pezeshkian has since come under attack from hardliners in Tehran for being too soft on the US during the interview. But many others in the country have defended him.

Mr Araghchi himself took a similar line in an opinion article for the Financial Times. Blaming Israel for its “sabotage” of the diplomatic process, he expressed doubts over Washington’s intentions but also left the door open for talks to resume. By attacking the previous US administration under Joe Biden while at the same time lauding his talks with Mr Witkoff, he also attempted to echo Mr Trump’s favourite themes and curry favour with him. It’s a strategy that might increase the chances of diplomatic success.

For his part, Mr Trump is once again enticing Iran back to the negotiating table with promises to lift sanctions that have crippled their economy. “I would love to be able to, at the right time, take those sanctions off,” he said recently.

  • Gen Dan Caine, Chairman of the Joint Chiefs of Staff, holds a press conference at the Pentagon after the US military struck three sites in Iran. AP
    Gen Dan Caine, Chairman of the Joint Chiefs of Staff, holds a press conference at the Pentagon after the US military struck three sites in Iran. AP
  • A handout satellite image made available by Maxar Technologies shows craters and ash on a ridge at the Fordow underground uranium enrichment following US air strikes. EPA
    A handout satellite image made available by Maxar Technologies shows craters and ash on a ridge at the Fordow underground uranium enrichment following US air strikes. EPA
  • Ultra-Orthodox Jewish men look in shock at a building ruined in an Iranian missile strike in Haifa, Israel. Getty Images
    Ultra-Orthodox Jewish men look in shock at a building ruined in an Iranian missile strike in Haifa, Israel. Getty Images
  • Cars damaged in Haifa. Getty Images
    Cars damaged in Haifa. Getty Images
  • Debris in Tel Aviv. Israel was hit by a wave of aerial attacks from Iran after the US entered the war overnight and bombed several Iranian nuclear sites. Getty Images
    Debris in Tel Aviv. Israel was hit by a wave of aerial attacks from Iran after the US entered the war overnight and bombed several Iranian nuclear sites. Getty Images
  • Emergency workers search for survivors in the Ramat Aviv neighbourhood of Tel Aviv, after it was bombed. Getty Images
    Emergency workers search for survivors in the Ramat Aviv neighbourhood of Tel Aviv, after it was bombed. Getty Images
  • Residential buildings destroyed at the site of an Iranian air strike in Ramat Aviv. Getty Images
    Residential buildings destroyed at the site of an Iranian air strike in Ramat Aviv. Getty Images
  • Missiles launched from Iran are intercepted over Tel Aviv. Reuters
    Missiles launched from Iran are intercepted over Tel Aviv. Reuters
  • Israeli emergency teams at the site of an Iranian missile strike on a residential complex in Tel Aviv. EPA
    Israeli emergency teams at the site of an Iranian missile strike on a residential complex in Tel Aviv. EPA
  • People look at a site bombed in Haifa. Reuters
    People look at a site bombed in Haifa. Reuters
  • Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. Reuters
    Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. Reuters
  • Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
    Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
  • A car hit by a missile launched from Iran, in Haifa. AFP
    A car hit by a missile launched from Iran, in Haifa. AFP
  • Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
    Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
  • Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
    Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
  • Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
    Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
  • Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
    Israeli emergency personnel at a building hit by an Iranian missile strike, in Haifa. AFP
  • People gather outside a damaged building in Haifa. Reuters
    People gather outside a damaged building in Haifa. Reuters
  • Israeli ambassador to the UN in Geneva addresses and emergency session. AFP
    Israeli ambassador to the UN in Geneva addresses and emergency session. AFP
  • Israelis flee an Iranian missile strike in the port city of Haifa. AP Photo
    Israelis flee an Iranian missile strike in the port city of Haifa. AP Photo
  • An injured man is helped after an Iranian missile strike in Haifa. AP Photo
    An injured man is helped after an Iranian missile strike in Haifa. AP Photo
  • A protester holds up a portrait of Iran's supreme leader Ayatollah Ali Khamenei at a demonstration against Israeli attacks on Iran, in Beirut, Lebanon. AP Photo
    A protester holds up a portrait of Iran's supreme leader Ayatollah Ali Khamenei at a demonstration against Israeli attacks on Iran, in Beirut, Lebanon. AP Photo
  • People take shelter as air raid sirens warn of incoming Iranian strikes in Tel Aviv. AP Photo
    People take shelter as air raid sirens warn of incoming Iranian strikes in Tel Aviv. AP Photo
  • Smokes rises from Soroka Medical Centre, in Beersheba, southern Israel, after it was hit by an Iranian missile. AP
    Smokes rises from Soroka Medical Centre, in Beersheba, southern Israel, after it was hit by an Iranian missile. AP
  • White House press secretary Karoline Leavitt takes questions from reporters. She said President Donald Trump would decide whether the US would join Israel’s war on Iran 'in the next two weeks'. AFP
    White House press secretary Karoline Leavitt takes questions from reporters. She said President Donald Trump would decide whether the US would join Israel’s war on Iran 'in the next two weeks'. AFP
  • Iran's Arak heavy water reactor, in central Iran, after Israeli air strikes. Reuters
    Iran's Arak heavy water reactor, in central Iran, after Israeli air strikes. Reuters
  • People march in Times Square, New York, to call on President Trump not to go to war with Iran. AFP
    People march in Times Square, New York, to call on President Trump not to go to war with Iran. AFP
  • Israel's Iron Dome air defence system intercepts missiles fired from Iran over Tel Aviv. EPA
    Israel's Iron Dome air defence system intercepts missiles fired from Iran over Tel Aviv. EPA
  • Israelis shelter in an underground train station in Ramat Gan after a missile warning. Getty Images
    Israelis shelter in an underground train station in Ramat Gan after a missile warning. Getty Images
  • Israeli special forces check the remains of a suspected Iranian ballistic missile in northern Israel. Reuters
    Israeli special forces check the remains of a suspected Iranian ballistic missile in northern Israel. Reuters
  • Smoke rises after an Israeli attack in the Iranian capital, Tehran. Reuters
    Smoke rises after an Israeli attack in the Iranian capital, Tehran. Reuters
  • A picture released by Iran's armed forces claims to show an Israeli drone shot down outside the central city of Isfahan. AP
    A picture released by Iran's armed forces claims to show an Israeli drone shot down outside the central city of Isfahan. AP
  • People take cover inside a cable car tunnel in Haifa after an Iranian missile attack. Reuters
    People take cover inside a cable car tunnel in Haifa after an Iranian missile attack. Reuters
  • Israeli air defence systems fire at Iranian missiles over Tel Aviv. AFP
    Israeli air defence systems fire at Iranian missiles over Tel Aviv. AFP
  • Missiles are intercepted above Ashkelon, Israel. Reuters
    Missiles are intercepted above Ashkelon, Israel. Reuters
  • Smoke rises in Tehran. Reuters
    Smoke rises in Tehran. Reuters
  • A building burns after strikes on the Israeli city of Herzliya, near Tel Aviv. AFP
    A building burns after strikes on the Israeli city of Herzliya, near Tel Aviv. AFP
  • An Iranian missile causes an explosion in Tel Aviv. AP
    An Iranian missile causes an explosion in Tel Aviv. AP
  • Rescuers sift through the remains of a damaged building in Tel Aviv after a barrage of Iranian rockets. AFP
    Rescuers sift through the remains of a damaged building in Tel Aviv after a barrage of Iranian rockets. AFP
  • A wounded man is treated after an explosion in Tehran. AP
    A wounded man is treated after an explosion in Tehran. AP

In a recent post on Truth Social, the US President also said that he had been working to lift some of the sanctions but changed his mind because of a speech by supreme leader Ayatollah Ali Khamenei in which he claimed “victory” in the war with Israel. Such economic carrots from Mr Trump would surely help return Tehran to the table. Iran’s leadership will have noticed how swiftly Mr Trump acted to lift sanctions on Syria. The US President could be serious about doing the same with Iran.

The alternatives to negotiations are all too clear. Israel’s Minister of Strategic Affairs, Ron Dermer, was in Washington last week, reportedly seeking US support for Israel to launch attacks on Iran again.

Tehran, meanwhile, has taken disconcerting steps on its nuclear programme. It has suspended co-operation with the UN’s nuclear watchdog, the International Atomic Energy Agency, which led to inspectors leaving the country. Iran also continues to take a harsh line against IAEA director general Rafael Grossi. When Mr Grossi asked to visit the nuclear sites bombed by Israel and the US, his request was met with a defiant response from Mr Araghchi who called the Argentine diplomat’s request “meaningless and possibly even malign in intent”.

Iran’s ushering out of IAEA inspectors could herald a new era of so-called “nuclear ambiguity” in which Tehran works on its programme covertly. This would almost certainly spark another round of military hostilities involving Israel and the US. Both Iran and the US, therefore, have real incentives to want diplomacy to succeed.

However, it remains to be seen if they can find a deal that is acceptable to both parties as well as to Israel. In Mr Araghchi’s narrative, Iran and the US were on the verge of a historic deal when Israel disrupted the talks. But Israel would argue that there were major stumbling blocks in the negotiations that justified its military action. Most importantly, Iran continues to insist on enriching uranium on its own soil, while the US has often treated this condition as a red line that it won’t cross.

Be that as it may, Iranian diplomats are likely to use any future talks with the US to offer enough incentives to get a deal with Mr Trump. Like many others around the world, they too are trying to understand how the US President thinks and respond appropriately.

Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

Based: Dubai

Industry: Technology and food delivery

Initial investment: Dh75,000

Investor: Dtec Startupbootcamp

Future plan: Looking to raise $400,000

Total sales: Over 1,000 deliveries in three months

RESULTS

Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO

Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke

Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke

Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO

Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision

Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision

Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO

Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)

Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)

Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision

Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke

Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO

Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision

Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

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.”

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

COMPANY%20PROFILE
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Updated: July 11, 2025, 7:14 AM