A shopkeeper waits for customers as a woman wearing a face mask to help protect against the new coronavirus, walks at the Tehran's Grand Bazaar, Iran. AP
A shopkeeper waits for customers as a woman wearing a face mask to help protect against the new coronavirus, walks at the Tehran's Grand Bazaar, Iran. AP
A shopkeeper waits for customers as a woman wearing a face mask to help protect against the new coronavirus, walks at the Tehran's Grand Bazaar, Iran. AP
A shopkeeper waits for customers as a woman wearing a face mask to help protect against the new coronavirus, walks at the Tehran's Grand Bazaar, Iran. AP

US accuses Iran of 'scam' strategy in seeking coronavirus sanctions relief


Joyce Karam
  • English
  • Arabic

The Trump administration on Monday accused Iran of a scam in which it is trying to obtain sanctions relief for the coronavirus pandemic, which would enable Tehran to increase its spending on “terror operations".

Washington is ignoring calls from Iran to lift sanctions as the coronavirus cases there soar above 60,000, of which more than 3,700 have died.

“Iran’s slick foreign influence campaign to obtain sanctions relief is not intended for the relief or health of the Iranian people, but to raise funds for its terror operations,” State Department spokeswoman Morgan Ortagus said.

Ms Ortagus accused Tehran of spending more than $16 billion (Dh58.77bn) to fund its terror proxies abroad while Iranian healthcare services remained woefully underfunded.”

She said that sanctions were not stopping aid getting to Iran.

The US had offered Iran “unconditional humanitarian aid” without sanctions relief, but the leadership in Tehran rejected the offer again on Monday.

  • A nurse adjusts tiny face shield for a newborn baby to protect from new coronavirus at the newborn nursery of the hospital in Samutprakarn province, central Thailand. AP
    A nurse adjusts tiny face shield for a newborn baby to protect from new coronavirus at the newborn nursery of the hospital in Samutprakarn province, central Thailand. AP
  • Members of the medical staff hold palm tree branches at the emergency unit of the Molinette Hospital on Palm Sunday, during the coronavirus disease (COVID-19) outbreak, in Turin, Italy. REUTERS
    Members of the medical staff hold palm tree branches at the emergency unit of the Molinette Hospital on Palm Sunday, during the coronavirus disease (COVID-19) outbreak, in Turin, Italy. REUTERS
  • A motorist rides through a disinfection tunnel during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus in Chennai. AFP
    A motorist rides through a disinfection tunnel during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus in Chennai. AFP
  • Employees of the Lantz funeral company, wearing face masks as protective measures, pull the coffin of a victim of the COVID-19 at an hospital in Mulhouse, eastern France. AFP
    Employees of the Lantz funeral company, wearing face masks as protective measures, pull the coffin of a victim of the COVID-19 at an hospital in Mulhouse, eastern France. AFP
  • Christian devotees stand in circles marked on the ground to maintain social distancing as they hold palm branches to celebrate a Palm Sunday event at the Christian neighborhood during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, in Islamabad. AFP
    Christian devotees stand in circles marked on the ground to maintain social distancing as they hold palm branches to celebrate a Palm Sunday event at the Christian neighborhood during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, in Islamabad. AFP
  • Afghan four-year old Ahmad Yosuf plays with a Spiderman toy in the yard of his house as kindergartens continue to be closed due to the fear of coronavirus outbreak in Kabul, Afghanistan. EPA
    Afghan four-year old Ahmad Yosuf plays with a Spiderman toy in the yard of his house as kindergartens continue to be closed due to the fear of coronavirus outbreak in Kabul, Afghanistan. EPA
  • A woman wearing a protective mask holds a hydrangea at a greenhouse of the Saracino garden centre in Aprilia, Italy. EPA
    A woman wearing a protective mask holds a hydrangea at a greenhouse of the Saracino garden centre in Aprilia, Italy. EPA
  • A man walks his dog in front of the Eiffel Tower in Paris on the twentieth day of a lockdown in France aimed at curbing the spread of COVID-19. AFP
    A man walks his dog in front of the Eiffel Tower in Paris on the twentieth day of a lockdown in France aimed at curbing the spread of COVID-19. AFP
  • A man plays with a football on Eastgate Street in a near-deserted Chester city centre in north-West England as the warm weather tests the nationwide lockdown to combat the novel coronavirus pandemic. AFP
    A man plays with a football on Eastgate Street in a near-deserted Chester city centre in north-West England as the warm weather tests the nationwide lockdown to combat the novel coronavirus pandemic. AFP
  • Municipal workers disinfect the streets of La Paz as a preventive measure to slow the spread of the novel coronavirus, COVID-19. AFP
    Municipal workers disinfect the streets of La Paz as a preventive measure to slow the spread of the novel coronavirus, COVID-19. AFP
  • Residents take part in a socializing hour in the courtyard of their apartment complex while keeping a social distance during the global outbreak of the coronavirus disease (COVID-19), in Pasadena, California, U.S. REUTERS
    Residents take part in a socializing hour in the courtyard of their apartment complex while keeping a social distance during the global outbreak of the coronavirus disease (COVID-19), in Pasadena, California, U.S. REUTERS
  • An aerial view shows less than usual passersby seen at a pedestrian crossing at Ginza shopping and amusement district after Tokyo Governor Yuriko Koike urged Tokyo residents to stay indoors in a bid to keep the coronavirus disease (COVID-19) from spreading, in Tokyo, Japan. REUTERS
    An aerial view shows less than usual passersby seen at a pedestrian crossing at Ginza shopping and amusement district after Tokyo Governor Yuriko Koike urged Tokyo residents to stay indoors in a bid to keep the coronavirus disease (COVID-19) from spreading, in Tokyo, Japan. REUTERS
  • The Ruby Princess, with only crew onboard, docks at Port Kembla, Wollongong, Australia. A criminal investigation will be launched into how cruise line operator Carnival Australia was allowed to disembark Ruby Princess passengers in Sydney, resulting in several deaths and COVID-19 outbreaks throughout the country. EPA
    The Ruby Princess, with only crew onboard, docks at Port Kembla, Wollongong, Australia. A criminal investigation will be launched into how cruise line operator Carnival Australia was allowed to disembark Ruby Princess passengers in Sydney, resulting in several deaths and COVID-19 outbreaks throughout the country. EPA
  • Employees of LG Twins broadcast their intra-team game played for fans at a empty Jamshil baseball stadium, as South Koreans take measures to protect themselves against the spread of coronavirus (COVID-19) in Seoul, South Korea. Getty Images
    Employees of LG Twins broadcast their intra-team game played for fans at a empty Jamshil baseball stadium, as South Koreans take measures to protect themselves against the spread of coronavirus (COVID-19) in Seoul, South Korea. Getty Images

The sanctions do not target medical equipment but they affect Iran’s ability to finance such imports.

The US is accusing Iran of spending funds that are meant to be allocated towards health on militias.

“In 2018, Iran withdrew an estimated $2.5bn from its National Development Fund for increased defence spending," the State Department said.

"In 2019, Iran withdrew $1.5bn from the fund for other military expenses."

It accused supreme leader Ayatollah Ali Khamenei of intervening in the parliamentary budget process "and on March 19 increased funding for the Islamic Revolutionary Guard Corps by 33 per cent over [President Hassan] Rouhani’s original budget request".

But calls mounted on Monday in Europe and among former US policymakers to offer Iran sanctions relief.

"Just as the Covid-19 pandemic has upended every aspect of the global economy and of human lives and health, it has drastically changed the impact of a US policy designed for a different purpose and conditions," 24 current and former diplomats said in a statement, The Washington Post reported.

Former vice president Joe Biden, the Democratic front-runner challenging US President Donald Trump in this year's elections, supported these calls.

“The United States should take steps to offer what relief we can to those nations hardest hit by this virus, including Iran, even as we prioritise the health of the American people,” Mr Biden said last week.

Meanwhile in Iran, the government has resisted a full lockdown to stop the spreading and reopened ministries on Monday:

Iran has the highest number of cases of coronavirus in the Middle East and North Africa region.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Company profile

Date started: Founded in May 2017 and operational since April 2018

Founders: co-founder and chief executive, Doaa Aref; Dr Rasha Rady, co-founder and chief operating officer.

Based: Cairo, Egypt

Sector: Health-tech

Size: 22 employees

Funding: Seed funding 

Investors: Flat6labs, 500 Falcons, three angel investors

2019 Asian Cup final

Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi

Notable groups (UAE time)

Jordan Spieth, Si Woo Kim, Henrik Stenson (12.47pm)

Justin Thomas, Justin Rose, Louis Oosthuizen (12.58pm)

Hideki Matsuyama, Brooks Koepka, Tommy Fleetwood (1.09pm)

Sergio Garcia, Jason Day, Zach Johnson (4.04pm)

Rickie Fowler, Paul Casey, Adam Scott (4.26pm)

Dustin Johnson, Charl Schwartzel, Rory McIlroy (5.48pm)

hall of shame

SUNDERLAND 2002-03

No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.

SUNDERLAND 2005-06

Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.

HUDDERSFIELD 2018-19

Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.

ASTON VILLA 2015-16

Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.

FULHAM 2018-19

Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.

LA LIGA: Sporting Gijon, 13 points in 1997-98.

BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66

Panipat

Director Ashutosh Gowariker

Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment

Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman

Rating 3 /stars

THE SPECS

2020 Toyota Corolla Hybrid LE

Engine: 1.8 litre combined with 16-volt electric motors

Transmission: Automatic with manual shifting mode

Power: 121hp

Torque: 142Nm

Price: Dh95,900

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

Company%20profile
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