Iranian President Hassan Rouhani speaks during a cabinet meeting in Tehran, Iran last week. Rouhani said that his government does not agree with Iranian parliament draft bill to go out from nuclear deal, reduce nuclear commitment, and increase nuclear activities. EPA
Iranian President Hassan Rouhani speaks during a cabinet meeting in Tehran, Iran last week. Rouhani said that his government does not agree with Iranian parliament draft bill to go out from nuclear deal, reduce nuclear commitment, and increase nuclear activities. EPA
Iranian President Hassan Rouhani speaks during a cabinet meeting in Tehran, Iran last week. Rouhani said that his government does not agree with Iranian parliament draft bill to go out from nuclear deal, reduce nuclear commitment, and increase nuclear activities. EPA
Iranian President Hassan Rouhani speaks during a cabinet meeting in Tehran, Iran last week. Rouhani said that his government does not agree with Iranian parliament draft bill to go out from nuclear de

Europe’s political powerhouses rebuke Iran over nuclear plan


Thomas Harding
  • English
  • Arabic

Iran’s announcement to intensify its nuclear programme was condemned as “deeply worrying” by the three major European powers.

France, Germany and Britain expressed “great concern” that the Iranian parliament had voted to expand its nuclear ambitions and to limit access by inspectors from the International Atomic Energy Agency (IAEA).

The statement comes at a time when European countries are hoping that with Joe Biden becoming US president, America would re-enter the deal from which President Donald Trump withdrew.

There is a suggestion that if the president-elect lifts all sanctions on Iran then the country would agree to return to full compliance in the nuclear deal. However, this cannot be negotiated officially until Mr Biden is sworn in next month.

In the meantime, the European powers, known as the E3, issued the strongly worded statement saying that they had “worked tirelessly to preserve” the deal to ensure Iran’s nuclear programme was for purely peaceful means, being used for energy rather than to build a nuclear bomb.

However, there are now considerable doubts over Tehran’s willingness to comply with the deal.

“Iran’s recent announcement to the IAEA that it intends to install an additional three cascades of advanced centrifuges at the fuel enrichment plant in Natanz is contrary to the [deal] and deeply worrying,” the E3 said.

“Furthermore, we have taken note, with great concern, of the recent law passed by the Iranian Parliament, which – if implemented – would substantially expand Iran’s nuclear programme and limit IAEA monitoring access. The measures would be incompatible with the [deal] and Iran’s wider nuclear commitments.”

Javad Zarif, Iran’s foreign minister, claimed last week that his government was uncomfortable with the Iranian parliament’s resolution to increase its uranium enrichment and to end the UN inspection programme by February if sanctions are not lifted.

Mr Zarif said that, like any democracy, the laws passed by parliament placed “an obligation on the government”. But, he said, the resolution was “not irreversible” and would no longer be in effect if the US lifted the trade sanctions.

The E3 said if Iran was “serious about preserving a space for diplomacy” then it must not implement the parliament ruling on enhancing the nuclear programme and banning inspectors. This also risked “compromising the important opportunity for a return to diplomacy with the incoming US administration”.

It said a return to the nuclear deal "would also be beneficial for Iran".

Mr Zarif appeared to rule out renegotiating the existing deal, however. "The US must implement without preconditions its obligations under the [deal]," he said last week.

“It has to show its good faith, it has to establish its bona fides, then Iran will go back in full compliance [with the deal. We will not renegotiate a deal which we negotiated.”

The E3 concluded it would address Iran's non-compliance with the framework of the deal and would also welcome a statement from Mr Biden on the deal and how he intends to deal with Iran.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Sheikh Zayed's poem

When it is unveiled at Abu Dhabi Art, the Standing Tall exhibition will appear as an interplay of poetry and art. The 100 scarves are 100 fragments surrounding five, figurative, female sculptures, and both sculptures and scarves are hand-embroidered by a group of refugee women artisans, who used the Palestinian cross-stitch embroidery art of tatreez. Fragments of Sheikh Zayed’s poem Your Love is Ruling My Heart, written in Arabic as a love poem to his nation, are embroidered onto both the sculptures and the scarves. Here is the English translation.

Your love is ruling over my heart

Your love is ruling over my heart, even a mountain can’t bear all of it

Woe for my heart of such a love, if it befell it and made it its home

You came on me like a gleaming sun, you are the cure for my soul of its sickness

Be lenient on me, oh tender one, and have mercy on who because of you is in ruins

You are like the Ajeed Al-reem [leader of the gazelle herd] for my country, the source of all of its knowledge

You waddle even when you stand still, with feet white like the blooming of the dates of the palm

Oh, who wishes to deprive me of sleep, the night has ended and I still have not seen you

You are the cure for my sickness and my support, you dried my throat up let me go and damp it

Help me, oh children of mine, for in his love my life will pass me by. 

The biog

Full name: Aisha Abdulqader Saeed

Age: 34

Emirate: Dubai

Favourite quote: "No one has ever become poor by giving"

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

RESULT

Brazil 2 Croatia 0
Brazil: 
Neymar (69'), Firmino (90' 3)    

The specs: 2019 Audi A8

Price From Dh390,000

Engine 3.0L V6 turbo

Gearbox Eight-speed automatic

Power 345hp @ 5,000rpm

Torque 500Nm @ 1,370rpm

Fuel economy, combined 7.5L / 100km

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

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Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

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In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

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Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

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Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5