US Secretary of State Mike Pompeo speaks to reporters following a meeting with members of the UN Security Council on Thursday. Reuters
US Secretary of State Mike Pompeo speaks to reporters following a meeting with members of the UN Security Council on Thursday. Reuters
US Secretary of State Mike Pompeo speaks to reporters following a meeting with members of the UN Security Council on Thursday. Reuters
US Secretary of State Mike Pompeo speaks to reporters following a meeting with members of the UN Security Council on Thursday. Reuters

US demands restoration of UN sanctions against Iran


James Reinl
  • English
  • Arabic

US Secretary of State Mike Pompeo on Thursday began a bid to reimpose biting international sanctions on Iran despite opposition from Russia, China and Washington’s European allies.

Mr Pompeo formally submitted a complaint to the UN Security Council about Iran’s non-compliance with the nuclear deal it signed with world powers in 2015, even though Washington pulled out of it two years ago.

The move comes after the US failed in its bid to have an arms embargo, which is due to expire in October, against Iran extended by the Security Council.

It is likely to push the administration of US President Donald Trump towards a face-off with Russia, China and other UN members, further isolate the US from Europe and test the credibility of an already strained UN.

“The US will never allow the world’s largest state sponsor of terrorism to freely buy and sell planes, tanks, missiles and other kinds of conventional weapons," Mr Pompeo said in New York.

"These UN sanctions will continue the arms embargo."

Mr Pompeo submitted his complaint to Indonesia’s UN envoy Dian Triansyah Djani, who is the council’s president for August.

He also met UN Secretary General Antonio Guterres.

In a two-page letter of complaint, Mr Pompeo detailed Iran’s uranium-enrichment and other breaches of the 2015 deal between Iran, Russia, China, Germany, Britain, France and the US.

______________

  • The ballistic missile named after Qassem Suleimani is being tested in an undisclosed location in Iran. AFP / Iranian Defence Ministry
    The ballistic missile named after Qassem Suleimani is being tested in an undisclosed location in Iran. AFP / Iranian Defence Ministry
  • A missile unveiled by Iran is launched in an unknown location in Iran. Wana via Reuters
    A missile unveiled by Iran is launched in an unknown location in Iran. Wana via Reuters
  • A missile unveiled by Iran is launched in an unknown location in Iran. Wana via Reuters
    A missile unveiled by Iran is launched in an unknown location in Iran. Wana via Reuters
  • A missile unveiled by Iran is launched in an unknown location in Iran. Wana via Reuters
    A missile unveiled by Iran is launched in an unknown location in Iran. Wana via Reuters
  • A missile unveiled by Iran is launched in an unknown location in Iran. Wana via Reuters
    A missile unveiled by Iran is launched in an unknown location in Iran. Wana via Reuters
  • The ballistic missile named after Qassem Suleimani is being tested in an undisclosed location. EPA / Iranian Defence Ministry
    The ballistic missile named after Qassem Suleimani is being tested in an undisclosed location. EPA / Iranian Defence Ministry
  • A new cruise missile named after Qassem Suleimani at in an unknown location in Iran. Wana via Reuters
    A new cruise missile named after Qassem Suleimani at in an unknown location in Iran. Wana via Reuters
  • A new cruise missile named after Abu Mahdi Al Muhandis is seen in an unknown location in Iran. Wana via Reuters
    A new cruise missile named after Abu Mahdi Al Muhandis is seen in an unknown location in Iran. Wana via Reuters
  • A new cruise missile named after Abu Mahdi Al Muhandis is seen in an unknown location in Iran. Wana via Reuters
    A new cruise missile named after Abu Mahdi Al Muhandis is seen in an unknown location in Iran. Wana via Reuters
  • A new cruise missile named after Abu Mahdi Al Muhandis is seen in an unknown location in Iran. Wana via Reuters
    A new cruise missile named after Abu Mahdi Al Muhandis is seen in an unknown location in Iran. Wana via Reuters
  • A new cruise missile unveiled by Iran is seen at an unknown location in Iran. Wana via Reuters
    A new cruise missile unveiled by Iran is seen at an unknown location in Iran. Wana via Reuters

______________

The agreement traded sanctions relief for curbs on Tehran’s nuclear programme.

In an accompanying six-page legal brief, the US said it was entitled to use the deal’s provisions for “snapback” UN sanctions .

Other major powers say the US has no legal right to use part of a deal from which it withdrew in 2018.

Russia’s UN envoy, Vassily Nebenzia, dismissed the US attempt, saying only a country that remained in the deal could call for a snapback.

“We will not take it as snapback,” Mr Nebenzia said on Thursday. “He’s not triggering a snapback."

Iran’s UN ambassador, Majid Takht-Ravanchi, accused the US of “abusing the process” laid out in the deal.

European states refuse to back US sanctions push

The US is on a collision course with some of its European allies at the UN Security Council. AFP
The US is on a collision course with some of its European allies at the UN Security Council. AFP

In a joint statement, Britain, Germany and France expressed “serious concerns” about the expiry of Iran’s arms embargo, but stopped short of backing the US initiative.

They called for a “path forward that preserves space for further diplomacy”.

Mr Guterres's spokesman, Stephane Dujarric, on Thursday described the 2015 deal as an “important diplomatic achievement” that should be maintained.

The US has embarked on a “maximum pressure” campaign to push Iran to negotiate a new, broader deal.

In response, Tehran has breached several key limits of the 2015 accord, restarting its centrifuges and stockpiling fissile material.

After Washington’s complaint was filed, the Security Council has 30 days to adopt a resolution to extend sanctions relief for Tehran or the measures will be automatically reimposed.

The US is expected to veto a resolution to extend sanctions relief.

Few diplomats or analysts expect to see a straightforward return of UN sanctions on Iran.

Russia and China also have the power of veto, and they and other council members are expected to challenge the legality of the US move.

Richard Gowan, a UN expert at the International Crisis Group think tank, said the US attempt was a “car crash”.

Mr Gowan predicted a deadlocked UN as members waited to see if Mr Trump won re-election in November.

“The administration’s goal is clear: kill the deal or make it that much harder for a successor administration to rejoin it,” Mr Gowan wrote in a policy brief.

“The remaining parties to the deal should be united in resisting Washington’s efforts.”

Iran's UN Ambassador Majid Takht Ravanch. Mike Pompeo urged members of the UN Security Council to restore sanctions against Iran. Reuters
Iran's UN Ambassador Majid Takht Ravanch. Mike Pompeo urged members of the UN Security Council to restore sanctions against Iran. Reuters

The US threatened to use the sanctions snapback provision if it lost its bid to extend the arms embargo on Tehran.

The GCC this month backed an extension of the embargo.

Mr Pompeo, when urging the council for the extension, praised the GCC’s member states for “showing courage and unity in warning about the danger from Iran”.

“As Iran’s neighbours, they know better than anyone else the havoc that Iran could create with these weapons,” he said.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Andor
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David Haye record

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

EMILY%20IN%20PARIS%3A%20SEASON%203
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SPAIN SQUAD

Goalkeepers Simon (Athletic Bilbao), De Gea (Manchester United), Sanchez (Brighton)

Defenders Gaya (Valencia), Alba (Barcelona), P Torres (Villarreal), Laporte (Manchester City), Garcia (Manchester City), D Llorente (Leeds), Azpilicueta (Chelsea)

Midfielders Busquets (Barcelona), Rodri (Manchester City), Pedri (Barcelona), Thiago (Liverpool), Koke (Atletico Madrid), Ruiz (Napoli), M Llorente (Atletico Madrid)

Forwards: Olmo (RB Leipzig), Oyarzabal (Real Sociedad), Morata (Juventus), Moreno (Villarreal), F Torres (Manchester City), Traore (Wolves), Sarabia (PSG)

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

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Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Disturbing%20facts%20and%20figures
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Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

2017%20RESULTS%3A%20FRENCH%20VOTERS%20IN%20UK
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'Ashkal'
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Company%20profile
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T20 World Cup Qualifier

October 18 – November 2

Opening fixtures

Friday, October 18

ICC Academy: 10am, Scotland v Singapore, 2.10pm, Netherlands v Kenya

Zayed Cricket Stadium: 2.10pm, Hong Kong v Ireland, 7.30pm, Oman v UAE

UAE squad

Ahmed Raza (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Darius D’Silva, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Junaid Siddique, Sultan Ahmed, Imran Haider, Waheed Ahmed, Chirag Suri, Zahoor Khan

Players out: Mohammed Naveed, Shaiman Anwar, Qadeer Ahmed

Players in: Junaid Siddique, Darius D’Silva, Waheed Ahmed

Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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