US secretary of state John Kerry speaks to journalists about his negotiations with Iran in Washington. Kevin Lamarque / Pool Photo via AP Photo
US secretary of state John Kerry speaks to journalists about his negotiations with Iran in Washington. Kevin Lamarque / Pool Photo via AP Photo
US secretary of state John Kerry speaks to journalists about his negotiations with Iran in Washington. Kevin Lamarque / Pool Photo via AP Photo
US secretary of state John Kerry speaks to journalists about his negotiations with Iran in Washington. Kevin Lamarque / Pool Photo via AP Photo

The world waits to see how Iran will emerge from its sanctions


  • English
  • Arabic

With the exchange of prisoners between the United States and Iran concluded and sanctions being lifted, there is plenty of speculation about the effect on future oil prices and the consequences this will have on economies in the region.

The Dubai-based Al Bayan’s editorial said with the start of economic sanctions on Iran being lifted, the world is waiting to discover how Tehran will react to the money about to flow into the country, from unfrozen funds and from increased oil sales.

“Iran’s policies have exhausted the Iranians and people in neighbouring countries. Iran wastes its economic resources on confrontations that cost the country billions each year. Experts estimate the amounts spent by Tehran on this since 1980 to be astronomical,” the editorial stated.

“This money would have had a greater benefit being used for all Iranians, instead of being wasted in bloody conflicts that reflect the sterile mindset of those doing the planning for Iran.”

The world is waiting for Tehran to “get back on the right path and make use of these funds for the benefit of the internal development of the country, including improving living standards, education, health and other sectors”.

The international community is also hoping Iran will withdraw from regional conflicts into which Tehran had put its financial and military capacity despite having “no plausible goal other than wasting its resources on illusions of expansion”.

“Any country that does not take the interests of its people into account above all else and that easily spends the money of its citizens on wars and conflict will pay the price sooner rather than later, because the rights of humans to the country’s wealth are preserved in law, legislation and regulations,” it added.

However, Tehran’s practices on the ground “go against this trend, harming the interests of the entire region, without exception”.

In the pan-Arab daily Al Hayat, Ghassan Charbel said the end of sanctions and the enactment of the nuclear agreement with Iran will have repercussions on security, stability, coexistence, balance of power and maps in the region. This is in line with another significant regional issue: the recent Russian military intervention in Syria.

“These two matters are intrinsically related, in view of Iran’s strong presence in Syria, though under the umbrella of a Russian general. The fact Moscow leaked the agreement that legitimises its military intervention in Syria days before the lifting of sanctions on Iran is noteworthy,” he wrote. “Naturally, Iran will celebrate the lifting of sanctions. It negotiated brilliantly and played its cards right, taking advantage of the presence of Barack Obama in the White House.

“Western companies will obviously rush to Iran for it is a country that needs a considerable overhaul, should it truly decide to favour development over ‘exporting the revolution’ and opt for prosperity over victory.”

These events will allow Iran to be part of the world economy once again and most importantly it will bring Iran back to the international community as a normal country that complies with definitions in the world of international relations, he concluded.

“The terms of the Russian-Syrian agreement led some diplomats to exaggerate and use expressions like ‘Russian mandate’ and ‘Russian Syria’, but regardless of the names, it is clear is that the essence of the conflict in Syria is now in the hands of the ‘tsar’,” he argued.

“Russia needs to move towards a solution to avoid a long clash that could be a heavy burden on its economy as well as its relations with its Muslim communities and the Sunni world.

“Any viable solution in Syria cannot be convenient for Iran. There is no solution in Syria that may bring Iran back to its pre-conflict influence in Damascus. The same applies to Hizbollah in Lebanon.”

He said Russian president Vladimir Putin’s intervention succeeded in preventing the collapse of the Syrian regime and in deferring the fate of its leader. However, Mr Putin’s statements about a new constitution and early presidential and legislative elections reveals the discord between the Syrian regime and Iran.

“Arabs hope that Iran is writing a new chapter with the Arab world as well. We should keep an eye on what happens in Damascus, in Baghdad, in Sanaa and in Beirut as well as in relations between Sunnis and Shiites, between Iran and Saudi Arabia and on the relations between Iran and the Arabs and the Turks,” Charbel added.

“Before drawing any conclusions on this, one must wait because only time will tell.”

* Translated by Carla Mirza

CMirza@thenational.ae

'Munich: The Edge of War'

Director: Christian Schwochow

Starring: George MacKay, Jannis Niewohner, Jeremy Irons

Rating: 3/5

Stuck in a job without a pay rise? Here's what to do

Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.

“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”

Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.

Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.

“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”

For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.

“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”

 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The%20specs
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COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENomad%20Homes%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EHelen%20Chen%2C%20Damien%20Drap%2C%20and%20Dan%20Piehler%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20and%20Europe%3Cbr%3E%3Cstrong%3EIndustry%3C%2Fstrong%3E%3A%20PropTech%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2444m%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Acrew%20Capital%2C%2001%20Advisors%2C%20HighSage%20Ventures%2C%20Abstract%20Ventures%2C%20Partech%2C%20Precursor%20Ventures%2C%20Potluck%20Ventures%2C%20Knollwood%20and%20several%20undisclosed%20hedge%20funds%3C%2Fp%3E%0A
Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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UNSC Elections 2022-23

Seats open:

  • Two for Africa Group
  • One for Asia-Pacific Group (traditionally Arab state or Tunisia)
  • One for Latin America and Caribbean Group
  • One for Eastern Europe Group

Countries so far running: 

  • UAE
  • Albania 
  • Brazil 
Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

Favourite subjects in school: Mathematics and science

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

Squads

India (for first three ODIs) Kohli (capt), Rohit, Rahul, Pandey, Jadhav, Rahane, Dhoni, Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Umesh, Shami.

Australia Smith (capt), Warner, Agar, Cartwright, Coulter-Nile, Cummins, Faulkner, Finch, Head, Maxwell, Richardson, Stoinis, Wade, Zampa.

match info

Maratha Arabians 138-2

C Lynn 91*, A Lyth 20, B Laughlin 1-15

Team Abu Dhabi 114-3

L Wright 40*, L Malinga 0-13, M McClenaghan 1-17

Maratha Arabians won by 24 runs

SCHEDULE

December 8: UAE v USA (Sharjah Cricket Stadium)

December 9: USA v Scotland (Sharjah Cricket Stadium)

December 11: UAE v Scotland (Sharjah Cricket Stadium)

December 12: UAE v USA (ICC Academy Oval 1)

December 14: USA v Scotland (ICC Academy Oval 1)

December 15: UAE v Scotland (ICC Academy Oval 1)

All matches start at 10am

 

ENGLAND SQUAD

Goalkeepers Pickford (Everton), Pope (Burnley), Henderson (Manchester United)

Defenders Alexander-Arnold (Liverpool), Chilwell (Chelsea), Coady (Wolves), Dier (Tottenham), Gomez (Liverpool), James (Chelsea), Keane (Everton), Maguire (Manchester United), Maitland-Niles (Arsenal), Mings (Aston Villa), Saka (Arsenal), Trippier (Atletico Madrid), Walker (Manchester City)

Midfielders: Foden (Manchester City), Henderson (Liverpool), Grealish (Aston Villa), Mount (Chelsea), Rice (West Ham), Ward-Prowse (Southampton), Winks (Tottenham)

Forwards: Abraham (Chelsea), Calvert-Lewin (Everton), Kane (Tottenham), Rashford (Manchester United), Sancho (Borussia Dortmund), Sterling (Manchester City)

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

UAE currency: the story behind the money in your pockets
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE