Some Western analysts contend that a nuclear arms race could arise out of the regional surge of interest in atomic energy, as states increasingly look to establish nuclear programmes. But electricity shortages are the key to understanding the Middle East's interest in the technology, not security threats from Iran or each other.
The London-based International Institute for Strategic Studies (IISS) issued a report in May warning that Arab states such as Saudi Arabia, Algeria and Egypt could soon seek to match Iran's nuclear programme, including its disputed weapons development ambitions.
"If Tehran's nuclear programme is unchecked, there is reason for concern that it could, in time, prompt a regional cascade of proliferation among Iran's neighbours," it said.
In particular, Saudi Arabia's "strategic calculus" could tip in favour of a nuclear arsenal should Iran acquire such weapons, the IISS added.
While it is true that at least 13 Arab nations in the past year have expressed interest in developing nuclear technology, with some launching nuclear programmes, there is no evidence that weapons development is a significant motivation. In the case of Saudi Arabia, Iran's chief rival for Gulf region hegemony, the possession of nuclear weapons to deter hostile neighbours would either be superfluous or suicidal.
The point is that nuclear missiles make poor short-range weapons because of their power to inflict devastating long-term damage over wide areas.
A nuclear explosion in Saudi Arabia or Iran would contaminate Gulf waters with radioactive fallout for years, if not decades, among other things depriving the region of drinking water. Saudi Arabia and its Gulf neighbours may have similar concerns about even a peaceful Iranian nuclear programme. Bushehr, the Gulf coastal site of Iran's soon-to-be commissioned first nuclear power plant, is closer to Riyadh, Abu Dhabi, Doha and Kuwait City than to Tehran. Those Arabian capitals might suffer more from a Chernobyl-style nuclear accident than the Iranian capital upwind. The fact that the Bushehr plant is being built with Russian technology is hardly reassuring.
Still, Iran desperately needs more electricity to supply its growing population and industrial base, as do all the Gulf states save Qatar, as well as most other Middle Eastern and North African (MENA) countries.
Ironically, Iran is the Middle Eastern nation that arguably could reap the biggest economic and social benefits from a peaceful nuclear programme, as this would give it a real chance of parlaying its vast natural gas endowment - the world's second-biggest in terms of proven reserves - into a thriving energy export business. With copious supplies of cheap electricity from nuclear plants, Iranian gas that is currently tapped to fuel domestic thermal power plants could be redirected to enhanced oil recovery and liquefied natural gas projects, or to fill proposed gas export pipelines.
According to analysts, Iran is the only Gulf state with the potential to join Qatar as a major gas exporter.
By contrast, the UAE, with plans to invest more than US$40 billion (Dh147bn) in the next five to six years in gasfield developments, processing plants and pipelines, may barely succeed in keeping its gas supply in line with soaring domestic demand. Its current plan to build 16 nuclear plants, each with 1.2 gigawatts of generating capacity, would cut about four billion cubic feet per day from domestic gas requirements to fuel thermal power plants. That would just about wipe out the UAE's current gas supply shortfall, helping it to optimise oil exports but not to export more gas.
As for North African states such as Egypt and Algeria that do export gas, their best hope for improving shaky economies is to boost those exports. For that they need nuclear power.
A nuclear power programme would also make sense for Jordan, a Middle Eastern country with uranium reserves that currently imports more than 90 per cent of its energy needs.
If only on grounds of the state's electricity needs and its lack of energy alternatives, a nuclear programme has also always made sense for Israel. Now that other countries in the region, including Iran, are seeing their domestic energy options become more and more constrained, they are legitimately arguing for the same access to nuclear technology that the US and other western powers have seldom challenged for Israel.
If the whole idea of a MENA region nuclear arms race seems far fetched, what is to be made of Iran's refusal to suspend its uranium enrichment programme - the touchstone for Western fears of a covert nuclear weapons programme within the Islamic Republic? Iran could import nuclear fuel just as the UAE plans to do, and therefore would not need to enrich uranium for fuel.
Israel's presumed possession of nuclear weapons - something the country has never publicly acknowledged - could be part of the equation. But most likely, Tehran is seeking to impress its populace and regional allies and rivals with a demonstration of its ability to resist Western pressure.
True, the muscle-flexing exercise is holding back Iran's economic development, and so may seem illogical to outsiders, but it is consistent with the country's style of government.
More importantly, it does not make Iran a nuclear proliferation threat.
@Email:tcarlisle@thenational.ae
WIDE%20VIEW
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Sun jukebox
Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)
This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.
Elvis Presley, Mystery Train (1955)
The B-side of Presley’s final single for Sun bops with a drummer-less groove.
Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)
Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.
Carl Perkins, Blue Suede Shoes (1956)
Within a month of Sun’s February release Elvis had his version out on RCA.
Roy Orbison, Ooby Dooby (1956)
An essential piece of irreverent juvenilia from Orbison.
Jerry Lee Lewis, Great Balls of Fire (1957)
Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.
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
UAE central contracts
Full time contracts
Rohan Mustafa, Ahmed Raza, Mohammed Usman, Chirag Suri, Mohammed Boota, Sultan Ahmed, Zahoor Khan, Junaid Siddique, Waheed Ahmed, Zawar Farid
Part time contracts
Aryan Lakra, Ansh Tandon, Karthik Meiyappan, Rahul Bhatia, Alishan Sharafu, CP Rizwaan, Basil Hameed, Matiullah, Fahad Nawaz, Sanchit Sharma
Fight card
1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)
2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)
3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)
4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)
5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)
6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)
7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)
8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)
9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)
10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)
11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)
12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)
SERIE A FIXTURES
Friday Sassuolo v Torino (Kick-off 10.45pm UAE)
Saturday Atalanta v Sampdoria (5pm),
Genoa v Inter Milan (8pm),
Lazio v Bologna (10.45pm)
Sunday Cagliari v Crotone (3.30pm)
Benevento v Napoli (6pm)
Parma v Spezia (6pm)
Fiorentina v Udinese (9pm)
Juventus v Hellas Verona (11.45pm)
Monday AC Milan v AS Roma (11.45pm)
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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7.
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Singapore
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8.
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Australia
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Saudi Arabia
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South Korea
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The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
UAE currency: the story behind the money in your pockets
EA Sports FC 24
Company%20profile
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Last five meetings
2013: South Korea 0-2 Brazil
2002: South Korea 2-3 Brazil
1999: South Korea 1-0 Brazil
1997: South Korea 1-2 Brazil
1995: South Korea 0-1 Brazil
Note: All friendlies
Getting%20there%20and%20where%20to%20stay
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Gulf Under 19s final
Dubai College A 50-12 Dubai College B