Members of Iran's Islamic Revolutionary Guard Corps salute during a military parade in Tehran. AFP
Members of Iran's Islamic Revolutionary Guard Corps salute during a military parade in Tehran. AFP
Members of Iran's Islamic Revolutionary Guard Corps salute during a military parade in Tehran. AFP
Members of Iran's Islamic Revolutionary Guard Corps salute during a military parade in Tehran. AFP

UK government urged to designate Iran's IRGC as terrorist group


Laura O'Callaghan
  • English
  • Arabic

The Islamic Revolutionary Guard Corps is “Iran’s premier agent for terrorism” and should be designated as a terrorist organisation, a British Conservative MP and former minister has said.

As talks on resuscitating the Iran nuclear deal broke up in Doha this week, the UK parliament held a debate on the country's role in the agreement.

MPs tore apart the 2015 accord during a session described as the “last opportunity” for them to discuss the matter before its potential return.

Speaking in the House of Commons, Robert Jenrick, a former minister, called on the government to add the IRGC to its list of designated terrorist groups alongside Hamas and Hezbollah.

He claimed reports the US was considering delisting the group from its list of foreign terrorist organisations as a concession to push the deal through would “make a mockery of the efforts that we have made in recent years to proscribe Hamas and Hezbollah if we would be signing up to a deal that legitimises the very organisation that funds Hamas and Hezbollah”.

A British MP has called on the government to put the IRGC in the same category as Hamas, whose fighters are pictured here. Britain has designated the Palestinian group as a terrorist organisation. AP
A British MP has called on the government to put the IRGC in the same category as Hamas, whose fighters are pictured here. Britain has designated the Palestinian group as a terrorist organisation. AP

The Joint Comprehensive Plan of Action (JCPOA) was signed in 2015 by Iran, the EU, the five permanent members of the UN Security Council — China, the US, the UK, France and Russia — and Germany.

In exchange for the rolling back of western sanctions, Tehran agreed to give international inspectors access to key nuclear sites and to put curbs on its programme. Iran insists it is pursuing nuclear development for peaceful purposes.

Opening Thursday’s debate in the House of Commons, Mr Jenrick declared: “Iran stands on the verge of possessing a nuclear bomb. In fact, intelligence suggests that they have sufficient enriched uranium today for at least two nuclear weapons.

“They have progressed far beyond the parameters of the JCPOA, so restoring Iran to the old deal simply doesn’t have any of the benefits we once thought it would.

“The JCPOA’s time has been and gone; the Rubicon has been crossed.”

Mr Jenrick added that “today’s debate could perhaps be the last opportunity to evaluate the merits or otherwise of a return” to the pact, which was hailed as a major accomplishment by negotiators when it was first signed.

However, Foreign Office minister Vicky Ford advised Tehran to “urgently” accept the offer on the table, adding: “There will not be a better one.”

The UK and its allies will “carefully consider all options” if no deal is struck soon and the JCPOA collapses, Ms Ford added.

Former US president Donald Trump campaigned on a pledge to pull the country out of the accord. True to his promise, he scrapped Washington’s membership in the agreement in May 2018 and reimposed sanctions on Iran.

Talks in Vienna sought to get the US to return and have Iran restore limits on its rapidly advancing nuclear programme, but they have been on pause since March.

It was also confirmed on Thursday that two days of indirect negotiations between the US and Iran in Doha broke up without any sign of a breakthrough.

Ms Ford, concluding the debate on Iran’s nuclear programme, told the House of Commons: “In March 2022, we left Vienna after reaching the end of talks — at that point there was a viable deal on the table, which would return Iran to compliance with its commitments and would return the US to the deal, reversing Iran’s nuclear escalation and lifting US sanctions related to the JCPOA.

“Iran has not accepted that deal and time is running out. Iran should urgently take the offer on the table. There will not be a better one.”

Ms Ford agreed the JCPOA was “not perfect” but said it represented a route for constraining Iran’s nuclear programme.

Tory MP Andrew Murrison, a former Foreign Office minister, said attempts to revive the deal have failed “and now it is comatose”.

“I suppose we shouldn’t turn off the life support entirely, but we have got no need to bust a gut, in my view, trying to revive it,” he told the Commons.

“What we need is a stronger, longer deal. Indeed, with every day that passes, JCPOA becomes less attractive. As Iran’s technical capabilities advance, the original terms become redundant and sunset clauses loom large.”

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

Itcan profile

Founders: Mansour Althani and Abdullah Althani

Based: Business Bay, with offices in Saudi Arabia, Egypt and India

Sector: Technology, digital marketing and e-commerce

Size: 70 employees 

Revenue: On track to make Dh100 million in revenue this year since its 2015 launch

Funding: Self-funded to date

 

The specs: 2018 Audi RS5

Price, base: Dh359,200

Engine: 2.9L twin-turbo V6

Transmission: Eight-speed automatic

Power: 450hp at 5,700rpm

Torque: 600Nm at 1,900rpm

Fuel economy, combined: 8.7L / 100km

WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
%3Cp%3E%E2%80%A2%20Looming%20global%20slowdown%20and%20recession%20in%20key%20economies%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Russia-Ukraine%20war%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Interest%20rate%20hikes%20and%20the%20rising%20cost%20of%20debt%20servicing%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Oil%20price%20volatility%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Persisting%20inflationary%20pressures%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Exchange%20rate%20fluctuations%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shortage%20of%20labour%2Fskills%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20A%20resurgence%20of%20Covid%3F%3C%2Fp%3E%0A
BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Cologne v Hoffenheim (11.30pm)

Saturday

Hertha Berlin v RB Leipzig (6.30pm)

Schalke v Fortuna Dusseldof (6.30pm)

Mainz v Union Berlin (6.30pm)

Paderborn v Augsburg (6.30pm)

Bayern Munich v Borussia Dortmund (9.30pm)

Sunday

Borussia Monchengladbach v Werder Bremen (4.30pm)

Wolfsburg v Bayer Leverkusen (6.30pm)

SC Freiburg v Eintracht Frankfurt (9on)

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

SPECS
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Brown/Black belt finals

3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

Bridgerton%20season%20three%20-%20part%20one
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars

Profile

Name: Carzaty

Founders: Marwan Chaar and Hassan Jaffar

Launched: 2017

Employees: 22

Based: Dubai and Muscat

Sector: Automobile retail

Funding to date: $5.5 million

Updated: July 01, 2022, 10:55 AM