Iran installing new uranium enrichment machines to speed up nuclear programme



TEHRAN // Iran is installing new uranium enrichment machines to speed progress in its nuclear programme, the foreign ministry said yesterday, a development that may increase Western concern about Tehran's aims.

Ramin Mehmanparast, the foreign ministry spokesman, appeared to confirm a story last week that Iran was installing two newer and more advanced models of the centrifuges used to refine uranium for large-scale testing at a research site.

If Iran eventually succeeds in introducing the more modern centrifuges for production, it could significantly shorten the time needed to stockpile material which can have civilian as well as military purposes, if processed much further.

"By installing the new centrifuges progress is being made with more speed and better quality," Mr Mehmanparast said, adding that the move showed Iran was being successful in its "peaceful nuclear activity".

Mr Mehmanparast said Iran had informed the International Atomic Energy Agency (IAEA) about the instalment of new centrifuges.

"The agency is aware that our peaceful nuclear activities are progressing. The instalment is a confirmation of the Islamic Republic's success in the nuclear field."

Iran has for years been trying to develop centrifuges with several times the capacity of the 1970s-vintage, IR-1 version it now uses for the most sensitive part of its atomic activities.

The United States and its allies accuse Iran of trying to develop bombs under cover of its nuclear programme. Iran denies the allegation, saying it needs nuclear technology to generate electricity to meet its booming domestic demand.

Iran's refusal to halt uranium enrichment has led to four rounds of UN sanctions on the country, as well as tighter US and European Union restrictions.

Diplomatic efforts to find a solution to Iran's nuclear dispute have stalled, after talks between Iran and six world powers over half a year ago failed to make any progress.

"No new development has taken place regarding the nuclear talks with major powers," Mr Mehmanparast said.

Western diplomats have often accused Iran of deploying stalling tactics in the nuclear dispute with major powers, including the United States, China and Russia, to buy more time while it pushes ahead with its disputed activities.

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Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
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The daughter of an English mother and Emirati father, Shams excelled at rugby in Dubai, then after attending university in the UK played for England at sevens.

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Investors:

A 10-year residency visa can be obtained by investors who invest Dh10 million, out of which 60 per cent should not be in real estate. It can be a public investment through a deposit or in a business. Those who invest Dh5 million or more in property are eligible for a five-year residency visa. The invested amount should be completely owned by the investors, not loaned, and retained for at least three years.

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A five-year multiple entry visa is available to entrepreneurs with a previous project worth Dh0.5m or those with the approval of an accredited business incubator in the UAE.  

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Expats with specialised talents, including doctors, specialists, scientists, inventors, and creative individuals working in the field of culture and art are eligible for a 10-year visa, given that they have a valid employment contract in one of these fields in the country.

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A five-year visa will be granted to outstanding students who have a grade of 95 per cent or higher in a secondary school, or those who graduate with a GPA of 3.75 from a university. 

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Expats who are at least 55 years old can obtain a five-year retirement visa if they invest Dh2m in property, have savings of Dh1m or more, or have a monthly income of at least Dh20,000.

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Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
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Investment stage: Pre-seed
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