A handout photo made available by the Saudi press Agency (SPA) on September 23, 2020, shows King Salman bin Abdulaziz delivering a speech from his residence in Neom during the virtual 75th session of the United Nations General Assembly. AFP via SPA
A handout photo made available by the Saudi press Agency (SPA) on September 23, 2020, shows King Salman bin Abdulaziz delivering a speech from his residence in Neom during the virtual 75th session of the United Nations General Assembly. AFP via SPA
A handout photo made available by the Saudi press Agency (SPA) on September 23, 2020, shows King Salman bin Abdulaziz delivering a speech from his residence in Neom during the virtual 75th session of the United Nations General Assembly. AFP via SPA
A handout photo made available by the Saudi press Agency (SPA) on September 23, 2020, shows King Salman bin Abdulaziz delivering a speech from his residence in Neom during the virtual 75th session of

Saudi cabinet calls for firm stand on Iran nuclear violations


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Saudi Arabia’s cabinet said the international community must take a firm stance on Iran and deal seriously against violations related to its nuclear programme, the state news agency reported in a statement early on Wednesday.

The announcement comes after weapons inspectors surveyed the second of two suspected nuclear sites in Iran following an agreement with Tehran last month that ended a standoff over access, the UN nuclear watchdog said in a statement on Wednesday.

"As part of an agreement with Iran to resolve safeguards implementation issues specified by the IAEA, the agency this week conducted a complementary access at the second location in the country and took environmental samples," the International Atomic Energy Agency said.

Late last month Iran announced it would allow the IAEA access to two sites – their exact locations have not been made public – following a visit to Tehran by IAEA Director General Rafael Grossi.

Iran had denied the agency access to the locations earlier this year, prompting the IAEA's board of governors to pass a resolution in June urging Iran to comply with its requests.

Speaking at the UN General Assembly on Wednesday, Saudi Arabia’s King Salman reiterated calls for a comprehensive solution on Iran, warning that the country has used the 2015 nuclear deal as a cover to “intensify its expansionist activities, creates its terrorist networks and use terrorism." This has produced nothing but "chaos, extremism, and sectarianism," he added.

Hezbollah, Iran’s affiliate in Lebanon, “must be disarmed for the Lebanese to achieve security, stability and prosperity,” he said, adding that the group’s hegemony over the decision-making process in Lebanon by force of arms was responsible for the August 4 port blast that devastated Beirut.

"Our experience with the Iranian regime has taught us that partial solutions and appeasement did not stop its threats to international peace and security," King Salman said.

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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.

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The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press

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GAC GS8 Specs

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Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

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