The affinity between incoming Iranian president Ebrahim Raisi and supreme leader Ayatollah Ali Khamenei goes back decades. WANA via Reuters
The affinity between incoming Iranian president Ebrahim Raisi and supreme leader Ayatollah Ali Khamenei goes back decades. WANA via Reuters
The affinity between incoming Iranian president Ebrahim Raisi and supreme leader Ayatollah Ali Khamenei goes back decades. WANA via Reuters
The affinity between incoming Iranian president Ebrahim Raisi and supreme leader Ayatollah Ali Khamenei goes back decades. WANA via Reuters

Khamenei's potential win-win: anti-western president and return to Iran nuclear deal


Joyce Karam
  • English
  • Arabic

For Iran's supreme leader Ayatollah Ali Khamenei, seeking a return to the nuclear deal before his protege Ebrahim Raisi becomes president in August is a win-win strategy.

It would secure sanctions relief and allow the new administration to maintain its anti-western stance.

The affinity between the two men goes back to 1989, when Mr Raisi was appointed as Tehran's prosecutor in the same year Mr Khamenei became supreme leader.

Their relationship is also based on their shared ultra-conservative ideology, solid relations with the Islamic Revolutionary Guard Corps and a long record of empowering Iran’s hardline judiciary while suppressing dissent.

The incoming president was a member of a four-man "death committee" in the 1980s that executed political detainees with no due process.

His rapport with Mr Khamenei helped Mr Raisi become the head of Iran’s powerful judiciary in 2017, a position he will hold until he assumes the presidency.

But even though both men have been critical of the nuclear talks and the deal reached with world powers in 2015, a return to it before Mr Raisi takes office could be preferable.

“We support the negotiations that guarantee our national interests," Mr Raisi said on Monday.

"America should immediately return to the deal and fulfil its obligations under the deal."

Alex Vatanka, director of the Iran programme at the Middle East Institute think tank, said Mr Khamenei could have it both ways if a deal were reached before President Hassan Rouhani leaves office.

"Mr Raisi can claim credit and the regime will sell it as his 'tough' line forced the hands of the western powers," Mr Vatanka told The National.

Sanctions relief is a priority for Mr Khamenei. The Iranian rial has lost more than 80 per cent of its value against the dollar since former president Donald Trump withdrew from the deal in 2018.

Mr Vatanka said returning to the deal in the next two months could inject much-needed cash into the country early in Mr Raisi’s presidency.

Dina Esfandiary, senior adviser on the Middle East at the International Crisis Group think tank, said a deal under Mr Rouhani was an ideal outcome for his successor.

"This means any negative issues can be blamed on the previous administration while Raisi takes credit for the good sides and its implementation," Ms Esfandiary told The National.

On Sunday, US National Security Adviser Jake Sullivan said the ultimate decision on whether or not Tehran would return to the deal rested with Iran’s supreme leader.

“Ultimately, it lies with him and his decisions as to whether he wants to go down the path of diplomacy or face mounting pressure, not just from the United States but from the rest of the international community,” Mr Sullivan said.

But for follow-up talks that would address Iran’s ballistic missile programme and regional behaviour, Mr Raisi’s ascendance complicates matters for the administration of US President Joe Biden.

"Regional issues and missiles are not negotiable," Iran's new president said, while also pre-emptively spurning any meeting with Mr Biden.

A seventh round of talks to return to the nuclear deal is expected to be held in Vienna before the end of the month.

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

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Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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Results:

First Test: New Zealand 30 British & Irish Lions 15

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Third Test: New Zealand 15 British & Irish Lions 15

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.