The United Nations nuclear watchdog says Iran has mastered the critical steps needed to build a nuclear weapon after receiving help from foreign scientists, The Washington Post reported yesterday.
A former Soviet weapons expert allegedly tutored Iranian scientists on building high-precision nuclear detonators.
And crucial technology linked to experts in Pakistan and North Korea also helped propel Iran to the threshold of weapons capability, the Post said, quoting unnamed western diplomats and nuclear experts briefed on the update on Iran's nuclear programme due to be released within days.
Western nations will use the International Atomic Energy Agency (IAEA) report to press for tighter international sanctions against Iran, a drive sharpened by feverish Israeli media speculation Israel will take military action if Tehran's atomic ambitions are not curbed soon.
The document is expected to contain compelling new evidence of clandestine research and other activities that make little sense if not weapons-related, although it is unlikely to reveal "smoking gun" proof of intent to weaponise.
Iran's leaders have not decided whether to build nuclear weapons but are determined to have the components and skills at hand to quickly assemble a bomb if they choose to, many western analysts say.
Benjamin Netanyahu, Israel's hawkish prime minister, was reported last week to be trying to rally support in his cabinet for a strike on Iran's nuclear facilities, even over the objections of the United States.
The Obama administration is said for now to be adamantly opposed to military action while it ratchets up economic and political pressure on Tehran.
But Shimon Peres, Israel's president who enjoys a reputation as a dove, warned at the weekend an attack on Iran was becoming "more and more likely".
Given the potentially catastrophic fallout from such action, some analysts suspect Israel is bluffing, as it has several times before, to pressure Washington and Europe to adopt tougher sanctions, which Russia and China oppose.
Even so Israel, the region's sole nuclear-armed power, has destroyed nuclear plants on foreign soil twice before.
In 1981, its warplanes bombed a French-built reactor at Osirak in Saddam Hussein's Iraq. Four years ago, another surprise Israeli air raid demolished a suspected North Korean-built reactor in Syria.
Both countries absorbed the humiliation without retaliating.
Iran will be a different matter entirely. The Islamic republic has repeatedly warned it will retaliate immediately if Israel dares similar action against its cherished nuclear programme, which Tehran insists is solely for the peaceful generation of electricity.
Few believe Tehran is bluffing. Questionable only is the nature and scope of Iran's response, which will depend on the extent and effectiveness of any Israeli strike.
Iran has said if its nuclear facilities are attacked, it would go for the West's economic jugular by blocking the
Strait of Hormuz, the choke-point at the mouth of the Gulf.
This would cut off the export route for 40 per cent of global oil supplies.
Tehran has also said it would retaliate against Israel and target US interests in Gulf, even if Washington was not involved.
"The Iranians have a security doctrine in which they say that the Gulf is secure for everyone or for no one," Trita Parsi, author of Treacherous Alliance - The Secret Dealings of Iran, Israel
and the United States' said in an interview.
Iran would not even have to target foreign tankers in the Strait: it could blow up one of its own.
Western navies could soon clear any blockage to the Strait, but not before Iran caused a "massive short-term spike in oil prices",
said Richard Dalton, Britain's former ambassador to Iran.
"An Israeli attack on Iran would be terrible for the world economy," he added in an interview.
Shrugging off Israel's bellicose rhetoric, Iran's foreign minister, Ali Akbar Salehi, said on Thursday: "We have been hearing such threats from Israel for eight years ... We can defend our nation." A commentator
on Iran's state-funded Press TV, Ismail Salami, said any "imbecilic" Israeli strike would be "tantamount to a final nail in the coffin of Zionism".
The possible repercussions of an Israeli attack conducted without an American green light were outlined in a December 2009 war games simulation by the Saban Centre for Middle East policy at the Brookings Institution, a leading Washington-based think tank.
In retaliation, the Iranian team, represented by American experts on Iran, fired small volleys of ballistic missiles at Israel, including its nuclear weapons complex at Dimona, then at Israeli airbases.
The team in the simulation also encouraged Iran's proxies, Hizbollah and Hamas, to fire rockets at Israeli population centres.
Tehran, mistakenly believing Saudi Arabia allowed Israeli warplanes to traverse its air space, fired missiles at the Kingdom's main oil handling centre at Abqaiq, and attempted to incite Shiite Muslims in eastern Saudi Arabia to attack the regime.
Israel finally won American permission to hit back at Hizbollah and launched a 48-hour air campaign against Lebanon while preparing for a much larger air and ground operation.
But the US forbade any further offensive Israeli military action against Iran while Washington attempted to clear up the mess.
Under the simulation, Iran's divided leadership decided against directly attacking any American targets to avoid all-out US retaliation. But Tehran immediately withdrew from the Nuclear Non-Proliferation Treaty and opted to carry out militant attacks against European targets, hoping governments there would turn on Israel and the US.
Nor would a risky Israeli mission deliver lasting damage to Iran's nuclear programme, many analysts say. Unlike Iraq and Syria, which each had only one nuclear facility, the Islamic republic has several dispersed over a vast territory.
One key uranium enrichment site is buried deep underground.
The US former vice-chairman of the Joint Chiefs of Staff, General James Cartwright, said during an April 2010 Senate hearing the only way to end Iran's nuclear programme would be through invasion and occupation - a virtually unthinkable scenario.
mtheodoulou@thenational.ae.
Zayed%20Centre%20for%20Research
%3Cp%3EThe%20Zayed%20Centre%20for%20Research%20is%20a%20partnership%20between%20Great%20Ormond%20Street%20Hospital%2C%20University%20College%20London%20and%20Great%20Ormond%20Street%20Hospital%20Children%E2%80%99s%20Charity%20and%20was%20made%20possible%20thanks%20to%20a%20generous%20%C2%A360%20million%20gift%20in%202014%20from%20Sheikha%20Fatima%20bint%20Mubarak%2C%20Chairwoman%20of%20the%20General%20Women's%20Union%2C%20President%20of%20the%20Supreme%20Council%20for%20Motherhood%20and%20Childhood%2C%20and%20Supreme%20Chairwoman%20of%20the%20Family%20Development%20Foundation.%3C%2Fp%3E%0A
UAE and Russia in numbers
UAE-Russia ties stretch back 48 years
Trade between the UAE and Russia reached Dh12.5 bn in 2018
More than 3,000 Russian companies are registered in the UAE
Around 40,000 Russians live in the UAE
The number of Russian tourists travelling to the UAE will increase to 12 percent to reach 1.6 million in 2023
More from Aya Iskandarani
Killing of Qassem Suleimani
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY%20PROFILE%20
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Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
Company%20profile%20
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EElggo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20August%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Luma%20Makari%20and%20Mirna%20Mneimneh%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Education%20technology%20%2F%20health%20technology%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%20Four%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3C%2Fp%3E%0A
MATCH INFO
Manchester United 6 (McTominay 2', 3'; Fernandes 20', 70' pen; Lindelof 37'; James 65')
Leeds United 2 (Cooper 41'; Dallas 73')
Man of the match: Scott McTominay (Manchester United)
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
Company%20profile
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Company%20Profile
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Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
PSL FINAL
Multan Sultans v Peshawar Zalmi
8pm, Thursday
Zayed Cricket Stadium, Abu Dhabi
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The years Ramadan fell in May
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
UAE v Ireland
1st ODI, UAE win by 6 wickets
2nd ODI, January 12
3rd ODI, January 14
4th ODI, January 16
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
Five expert hiking tips
- Always check the weather forecast before setting off
- Make sure you have plenty of water
- Set off early to avoid sudden weather changes in the afternoon
- Wear appropriate clothing and footwear
- Take your litter home with you
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.