Yukiya Amano, director general of the International Atomic Energy Agency, addresses a news conference following the board of governors meeting at the IAEA headquarters in Vienna, Austria, on November 17, 2016. Lisi Niesner / EPA
Yukiya Amano, director general of the International Atomic Energy Agency, addresses a news conference following the board of governors meeting at the IAEA headquarters in Vienna, Austria, on November 17, 2016. Lisi Niesner / EPA
Yukiya Amano, director general of the International Atomic Energy Agency, addresses a news conference following the board of governors meeting at the IAEA headquarters in Vienna, Austria, on November 17, 2016. Lisi Niesner / EPA
Yukiya Amano, director general of the International Atomic Energy Agency, addresses a news conference following the board of governors meeting at the IAEA headquarters in Vienna, Austria, on November

Iran violations threaten support for nuclear deal: UN watchdog


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VIENNA // Iran is endangering support for a landmark deal with major powers by twice overstepping a “soft” limit on sensitive material, the UN nuclear watchdog has warned.

The International Atomic Energy Agency (IAEA) said in a report last week that Iran had slightly exceeded the 130-tonne limit on its stock of heavy water for a second time since the nuclear deal was put in place in January.

The six other countries that signed the deal, including the United States, have been muted in their criticism. But there are questions about how US president-elect Donald Trump, who has strongly criticised the deal and has said he will “police that contract so tough they [the Iranians] don’t have a chance”, would handle any similar case once he takes office.

The IAEA chief, Yukiya Amano, told the agency’s board of governors on Thursday that it was “important that such situations should be avoided in future in order to maintain international confidence” in the implementation of the agreement.

Last week’s report said Mr Amano had expressed concerns to Iran over its stock of heavy water, a material used as a moderator in reactors such as Iran’s unfinished one at Arak, which had its core removed and made unusable under the deal.

The international agreement places restrictions on Iran’s atomic activities, monitored by the IAEA, in exchange for the lifting of international sanctions.

Rather than setting a strict limit on heavy water as it does for enriched uranium, the deal estimates Iran’s needs to be 130 tonnes and says any amount beyond its needs “will be made available for export to the international market”.“

Mr Amano said Iran had “made preparations to transfer a quantity of heavy water out of the country” .

“Once it has been transferred, Iran’s stock of heavy water will be below 130 metric tonnes.”

* Reuters

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

IF YOU GO

The flights

FlyDubai flies direct from Dubai to Skopje in five hours from Dh1,314 return including taxes. Hourly buses from Skopje to Ohrid take three hours.

The tours

English-speaking guided tours of Ohrid town and the surrounding area are organised by Cultura 365; these cost €90 (Dh386) for a one-day trip including driver and guide and €100 a day (Dh429) for two people. 

The hotels

Villa St Sofija in the old town of Ohrid, twin room from $54 (Dh198) a night.

St Naum Monastery, on the lake 30km south of Ohrid town, has updated its pilgrims' quarters into a modern 3-star hotel, with rooms overlooking the monastery courtyard and lake. Double room from $60 (Dh 220) a night.

 

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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