Iran's Guardian Council on Tuesday approved seven candidates to compete in the June 18 presidential elections, the same day that Iranian and American negotiators returned to Vienna for the fifth round of indirect talks intended to salvage the nuclear deal.
A large part of outgoing President Hassan Rouhani’s legacy will rest on whether Iran and the US can successfully come to an agreement on reviving the nuclear deal, which would require Tehran to return to compliance with the accord in exchange for Washington lifting the sanctions that former president Donald Trump re-imposed in 2018.
The Guardian Council notably blocked Mr Rouhani's allies from running in the election, chief among them his senior vice president Es'haq Jahangiri, a reformist.
Hardline cleric Ebrahim Raisi, the head of Iran’s judiciary and a staunch ally of Supreme Leader Ali Khamenei, is largely considered to be the frontrunner among the mostly conservative candidates approved to run in the election.
While he famously criticised Mr Rouhani’s “weak efforts” in negotiating the nuclear deal during his failed 2017 presidential run, Mr Raisi may ultimately end up agreeing to a similar bargain with the US should he assume the presidency.
"I'm not convinced that the election necessarily changes anything miraculously, particularly if Mr Raisi wins," Kenneth Katzman, an Iran specialist at the US Congressional Research Service, told The National.
“It looks like the attempted fix is in with Mr Raisi and of course he is a very, very close protégé of the supreme leader. If he wins, obviously he’s not going to in any way challenge what Khamenei wants.”
And Mr Khamenei, who has the final say on all security matters, has allowed the Vienna talks to proceed in the hopes of seeing crippling US sanctions on Iran removed.
“Khamenei has said that if the United States comes into compliance, the Iranians would be willing to do that, too,” said Mr Katzman. “He’s staked out that authorisation to reach a deal. It’s not like he’s opposing an agreement in any sense.
“I don’t anticipate too much change in the [Iranian] negotiating position.”
Amir Handjani, a non-resident fellow at the Quincy Institute for Responsible Statecraft, a non-interventionist think tank in Washington, also indicated that the Iranian elections will have little bearing on the Vienna negotiations.
"It'll have an effect on the margins, atmospherics," Mr Handjani told The National. "But the actual decision to re-enter the nuclear deal and begin discussions with the United States, that happens at a higher level than the level of the president. That happens with the supreme leader and the Supreme National Security Council.
“That’s a collective decision, and so that decision will remain the same prior to the election as it does after the election. Things that affect that decision are not the election. It will be the great regional issues surrounding Iran and the United States and the issues surrounding the nuclear deal itself.”
In a further boost to the Vienna talks, Mr Khamenei permitted the Rouhani government to extend an agreement with the International Atomic Energy Agency on Monday that will allow the UN watchdog to continue accessing surveillance footage of Iranian nuclear sites for another month.
The nuclear deal paved the way for agency inspectors to enter Iran, but hardliners in parliament put that in peril after passing legislation in December to scale back their access – a breach of the agreement.
The legislation also allows Iran to scale up certain nuclear activities, in breach of the accord, unless the US lifts its sanctions or European partners in the deal offset the economic impact.
Since Mr Trump’s 2018 withdrawal from the deal, Iran has gradually escalated its breaches of the accord, which include the installation of advanced centrifuges at Natanz while stockpiling 2.5 kilogrammes of 60 per cent enriched uranium, 90 kilograms of 20 per cent enriched uranium and 5,000 kilograms of 5 per cent enriched uranium.
The Vienna talks have inched forward as negotiators debate which parts of Iran’s nuclear programme it must scale back and which sanctions the US must lift to return to compliance.
While the deal directly specifies the limits on Iran's nuclear programme and the sanctions Washington must lift, the Trump administration complicated the matter somewhat by issuing several overlapping sanctions designations under ballistic missile, terrorism and human rights authorities.
The additional designations formed the crux of the Trump administration's so-called "Iran sanctions wall", which intended to make it politically costly for President Joe Biden to re-enter the agreement.
In 2019, Mr Trump also levied sanctions on the supreme leader’s office as well as important Iranian officials, including Mr Raisi and Foreign Minister Mohammad Javad Zarif – sanctions Tehran may want lifted as well.
“Just now, they’re haggling over the details,” said Mr Handjani. “They’re very important, but I think at the end, we know what the contours are going to look like.”
With mere weeks to go before the election, it remains unlikely the two sides will finalise all the details to revive the nuclear deal before June 18.
Still, Mr Rouhani will not leave office until August, which could potentially allow him to strike a bargain with Washington during the lame duck period of his presidency.
This would also spare Mr Raisi the awkward political optics of striking a similar bargain with Washington should he win the presidency. In the meantime, he will have the luxury of using the deal to hammer the moderate and reformist camps during his campaign.
“All politics is local,” said Mr Handjani. “He’ll use it to discredit anyone that Rouhani comes out to back, but I think he’ll primarily run on domestic issues: corruption, incompetence, economic mismanagement.
“He’ll attack the reformists on that and he’ll position himself as sort of the anti-corruption candidate and someone that can tackle the structural issues of Iranian society and the Iranian economy.”
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Company%C2%A0profile
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UAE currency: the story behind the money in your pockets
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
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Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The Energy Research Centre
Founded 50 years ago as a nuclear research institute, scientists at the centre believed nuclear would be the “solution for everything”.
Although they still do, they discovered in 1955 that the Netherlands had a lot of natural gas. “We still had the idea that, by 2000, it would all be nuclear,” said Harm Jeeninga, director of business and programme development at the centre.
"In the 1990s, we found out about global warming so we focused on energy savings and tackling the greenhouse gas effect.”
The energy centre’s research focuses on biomass, energy efficiency, the environment, wind and solar, as well as energy engineering and socio-economic research.
European arms
Known EU weapons transfers to Ukraine since the war began: Germany 1,000 anti-tank weapons and 500 Stinger surface-to-air missiles. Luxembourg 100 NLAW anti-tank weapons, jeeps and 15 military tents as well as air transport capacity. Belgium 2,000 machine guns, 3,800 tons of fuel. Netherlands 200 Stinger missiles. Poland 100 mortars, 8 drones, Javelin anti-tank weapons, Grot assault rifles, munitions. Slovakia 12,000 pieces of artillery ammunition, 10 million litres of fuel, 2.4 million litres of aviation fuel and 2 Bozena de-mining systems. Estonia Javelin anti-tank weapons. Latvia Stinger surface to air missiles. Czech Republic machine guns, assault rifles, other light weapons and ammunition worth $8.57 million.
All the Money in the World
Director: Ridley Scott
Starring: Charlie Plummer, Mark Wahlberg, Michelle Williams, Christopher Plummer
Four stars
TCL INFO
Teams:
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17
Score
Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
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