Iran takes a back seat



Reports that Iran is launching war games would have met with bellicose US rhetoric and hogged international headlines a month ago. Neither is likely today when Iran begins three days of military exercises to test its anti-aircraft defence systems. The crisis between Washington and Moscow has interceded to give Tehran an unexpected and welcome diplomatic opportunity to reduce its international isolation - and foster better relations with the United States. Russia's drubbing of its weak neighbour has cast doubt on US accusations that the Islamic republic is the most perilous threat to global security, an Iranian daily said. Newsweek put it more memorably: "It's funny how a reassertive Russia armed with some 10,000 all-too-real nuclear weapons puts the theoretical menace of Iran's as yet non-existent arsenal in perspective." It added: "But, looking ahead, what's more curious still is that a new administration - maybe even McCain's - may start looking for ways to work with Iran to help balance Russian power." The most immediate benefit for Iran is that Washington is far less likely to secure Russian support for a fourth set of UN Security Council sanctions against Tehran - or to consider military action. A greater prize for Iran could be rapprochement with Washington. This would provide the regime in Tehran with a cherished sense of security and prove very popular with most ordinary Iranians. Neither point is lost on Iran's firebrand president, Mahmoud Ahmadinejad, who is expected to fight for a second four-year term in elections that Tehran announced yesterday will be held next June 12. He recently signalled an interest in forming better ties by welcoming Washington's idea of staffing its own diplomats in a US interests office in Tehran. Iran's neutral stance on the crisis between Washington and Moscow is an even stronger signal. Iranian commentators have seized on the dispute to advise Gulf states that, as the Georgian example proves, it is folly to rely on US muscle for their security: it would be far wiser to accommodate Tehran. But no Iranian leader has rushed to Moscow to support its stance on Georgia - unlike Bashar Assad, the president of Syria, who did just that while asking for more Russian weapons. The Islamic republic, still resentful of Russia's imperial past in Iran and at odds with Moscow over the territorial division of the Caspian Sea, views Russia as an untrustworthy ally of convenience. "Iran isn't keen to see a very aggressive Russia in the Caucasus," said Trita Parsi, president of the National Iranian American Council, which promotes diplomacy to resolve disputes. "Nor are they very happy to seek breakaway republics being recognised by major powers because of their own fear of potential secessionism," he said. Iran's silence on Georgia has been matched by Washington's recent silence on Iran. The Bush "administration simply has acted as if a major confrontation with Iran had not been under way just prior to the Russo-Georgian war", said Stratfor, an online publisher of geopolitical intelligence. The US broke weeks of silence on Iran on Friday when Condoleezza Rice, the secretary of state, made a landmark visit to Libya to "reward" Moamer Qadafi for abandoning his weapons of mass destruction programmes in 2003. This demonstrated "that when countries are prepared to make strategic changes in direction, the United States is prepared to respond", Ms Rice said. Stratfor commented: "One geopolitical option for the United States now is a deal with Iran ? We do not know whether one is in the works but we know this: the rhetoric from Washington on Iran has quieted since the Russo-Georgian war ? And the United States has made a major concession to Iran this week." Stratfor was referring to Iraq's recent announcement that its troops had replaced US forces in securing Ashraf camp, north of Baghdad, where 3,000 members of Iran's main exiled opposition group, the People's Mujahideen (MEK), are based. Their future has been uncertain since they were disarmed after the US-led invasion of Iraq in 2003. The cultish group evolved from Marxist and Islamic radicals who originally supported the 1979 Islamic Revolution and is branded by the European Union and the US government as a terrorist organisation. Yet US hawks continue to regard the MEK as a useful tool against Iran, which demands the group's expulsion from Iraq. MEK supporters are dismayed that Iraqi forces are taking responsibility for Ashraf camp and are expected to demonstrate against this in Washington today. They are concerned that the Shiite-led government in Baghdad, which is on good terms with Tehran, will expel them to Iran. Iraq is keen to see the back of the MEK, but insists Ashraf's inhabitants will be dealt with according to international law. For Iran, the MEK issue is a critical indicator of US intentions, Mr Parsi said. "They have seen US protection of these guys as keeping open the option for regime change by military means." mtheodoulou@thenational.ae

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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MATCH INFO

Sheffield United 0 Wolves 2 (Jimenez 3', Saiss 6)

Man of the Match Romain Saiss (Wolves)

UAE currency: the story behind the money in your pockets
SPEC%20SHEET%3A%20APPLE%20TV%204K%20(THIRD%20GENERATION)
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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

ACL Elite (West) - fixtures

Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

Barings Bank

 Barings, one of Britain’s oldest investment banks, was
founded in 1762 and operated for 233 years before it went bust after a trading
scandal. 

Barings Bank collapsed in February 1995 following colossal
losses caused by rogue trader Nick Lesson. 

Leeson gambled more than $1 billion in speculative trades,
wiping out the venerable merchant bank’s cash reserves.  

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Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

Haemoglobin disorders explained

Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.

Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.

The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.

The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.

A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

EA Sports FC 25

Fire and Fury
By Michael Wolff,
Henry Holt

SAUDI RESULTS

Team Team Pederson (-40), Team Kyriacou (-39), Team De Roey (-39), Team Mehmet (-37), Team Pace (-36), Team Dimmock (-33)

Individual E. Pederson (-14), S. Kyriacou (-12), A van Dam (-12), L. Galmes (-12), C. Hull (-9), E. Givens (-8),

G. Hall (-8), Ursula Wikstrom (-7), Johanna Gustavsson (-7)

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA