An agreement with Iran over its nuclear programme was, until recently, deemed difficult to achieve. Now, it has become quite impossible, noted columnist Jihad Al Khazen in the London-based daily Al Hayat.
“The Islamic Republic of Iran has managed to cope with the economic sanctions, and the US, for its part, isn’t about to wage another war as long as Barack Obama is in the White House. As for Israel, it can’t destroy Iran’s nuclear reactors on its own,” he said.
Tehran didn’t seem to be in a pressing hurry to reach an agreement in its talks with the G5+1 group comprising the UN Security Council member states and Germany. Following a provisional agreement in November 2013, a series of sanctions imposed since 2006 were lifted and some of its funds that had been frozen in the West were released, the writer noted.
Iran produces 1.5 million barrels of oil per day, which it exports to China, Japan, South Korea and Turkey among other countries.
At the time that the European-American sanctions were imposed, Iran owned nearly 1,000 uranium-enrichment centrifuges. Today, it has more than 20,000 of these systems and half of them are active, he added.
“Once again, the experience of the last decade shows that the US doesn’t have sufficient tools of persuasion to influence Iran. The ‘carrot’ that Washington dangled to encourage Iran to accept an agreement that suits Israel wasn’t enough,” Al Khazen wrote.
“Alternatively, it was Tehran that tried to sway the six negotiators by dangling another ‘carrot’ when its oil minister stated that his country would be ready, within a few months, to produce four million barrels of oil per day should the sanctions be lifted,” he said.
Another columnist noted that what the Iranians are really bargaining for goes beyond nuclear capabilities. What they really want is regional dominance.
The US-led Western camp is negotiating for one thing and Iran for another, said Mamoun Fandi in an opinion article on the news website AlArabiya.net.
The Iranians astutely exploited the Security Council’s lack of data regarding the volume of nuclear activity in Iran. They were quick to inflate their capabilities in a bid to enhance their position during negotiations over regional power, which is Iran’s ultimate objective, the writer explained.
“Iran is aware that building a nuclear bomb wouldn’t threaten its neighbours, especially those with the means to acquire nuclear weapons. Iran’s objective is to negotiate with the West over its share of power in the region. Its nuclear activity is nothing more than a bluff,” Fandi said.
Iran’s nuclear card, the talks and the thousands of kilometres its foreign minister has been travelling are all directed at pressuring the US to accept a more pronounced role for Tehran in the Gulf region, Iran’s first and foremost obsession.
Columnist Abdelwahab Badrakhan argued along the same lines in Abu Dhabi’s daily Al Ittihad: “Iran used a non-existent bomb to turn itself into a regional threat. It took advantage of the Iraqi occupation and the Arab strategic withdrawal to infiltrate several Arab countries using sectarian antagonism to shake ruling systems and social stability.”
The more willing Iran seems to decrease its nuclear programme’s capabilities, the greater its expectations for recognition of its power in Iraq, Syria, Lebanon, Yemen and other countries, the writer concluded.
Translated by Racha Makarem
rmakarem@thenational.ae
Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
UAE%20Warriors%2033%20Results
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UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5