A former Iran prisoner has condemned the deal in which American and British citizens were released, stating that Tehran was “laughing in our faces”.
Ana Diamond, who was detained for four years in Iran and sentenced to death on trumped-up charges, told The National she was “infuriated” by the alleged $6 billion payment, arguing that the Tehran regime’s policy of "unjustly detaining" dual citizens had become a “lucrative business model” for the Islamic Revolutionary Guards Corps.
Her assessment was made after the release of four prisoners on Friday that included Morad Tahbaz, a businessman with British, American and Iranian passports, alongside three other men and a woman.
Reports from Washington suggested the deal involved South Korea agreeing to release $6 billion of Iranian funds held in oil receipts.
While the prisoners remain under house arrest in Iran, it appears they will be allowed to leave only once the money is paid.
“I used to be elated for the release of fellow hostages but now I only feel infuriated,” said Ms Diamond, who served a stint at the grim Evin prison.
“These people should have never had their lives tied to a price tag and our governments should have by now found a way to put an end to it. The Iranian Revolutionary Guards are laughing in our faces.”
She said Iran's "hostage diplomacy...really all boils down to profit” and the past decade had seen it “transform into a lucrative business model”.
Ms Diamond, a graduate researcher at the University of Oxford, was arrested aged 19 in 2014 after prosecutors – including Iran’s current president – accused her of spying for MI6, the CIA and Mossad.
She had argued that her arrest, interrogation and trial were all a bargaining mechanism, part of Iran’s approach to hostage diplomacy, to exert leverage on the British government to pay the £400 million ($505 million) it owed Tehran for a 1970s tank deal.
That money was finally paid for the release of Nazanin Zaghari-Radcliffe last year in a similar deal to the one struck last week.
While Ms Diamond admitted it was “always so good to see an unjustly detained person released”, this played into Iran’s method of forcing foreign audiences to put pressure on their governments to give in to their demands.
“It is no longer about diplomacy but about profiting from the democratic and conscientious mechanisms of our governments that are ready to negotiate, even with a serial hostage-taking state, to get their citizens back.”
Former captive Kylie Moore-Gilbert also warned the release would provide an incentive for Iran to take more hostages.
Dr Moore-Gilbert, an Australian-British academic, was held in Evin prison on trumped-up espionage charges and sentenced to 10 years.
“In my view, the transfer of Iran's frozen assets in South Korea does amount to the payment of ransom,” she told The National.
Ms Diamond said she supported the campaign to release Mr Tahbaz and another hostage Emad Shargi.
“I have witnessed how their daughters have gone on national and international television to beg for the safe release of their fathers,” she said.
“But I am entitled to feel angry and ask 'why is this still allowed to happen? How many more families will have to endure such pain and disappointment?'
“Some of these individuals – Siamak Namazi, for example – has spent over half a decade in Evin prison. I am not going to call it a success story when he spent so many thousands of days tortured and degraded, away from his family and his freedom. He should have never been put in that position in the first place – none of them should.”
Ms Diamond is now part of a British parliamentary investigation into state hostage-taking by Iran and has given evidence before the Foreign Affairs Committee.
The White House has said Iran will only be able to use the $6 billion for “humanitarian purposes”, such as food and medicine.
Price, base / as tested From Dh173,775 (base model)
Engine 2.0-litre 4cyl turbo, AWD
Power 249hp at 5,500rpm
Torque 365Nm at 1,300-4,500rpm
Gearbox Nine-speed auto
Fuel economy, combined 7.9L/100km
Profile
Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
Investors: Series A - Audacia Capital
Sector of operation: Transport
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
Saudi Cup race day
Schedule in UAE time
5pm: Mohamed Yousuf Naghi Motors Cup (Turf), 5.35pm: 1351 Cup (T), 6.10pm: Longines Turf Handicap (T), 6.45pm: Obaiya Arabian Classic for Purebred Arabians (Dirt), 7.30pm: Jockey Club Handicap (D), 8.10pm: Samba Saudi Derby (D), 8.50pm: Saudia Sprint (D), 9.40pm: Saudi Cup (D)
Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
UAE currency: the story behind the money in your pockets
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Credit Score explained
What is a credit score?
In the UAE your credit score is a number generated by the Al Etihad Credit Bureau (AECB), which represents your credit worthiness – in other words, your risk of defaulting on any debt repayments. In this country, the number is between 300 and 900. A low score indicates a higher risk of default, while a high score indicates you are a lower risk.
Why is it important?
Financial institutions will use it to decide whether or not you are a credit risk. Those with better scores may also receive preferential interest rates or terms on products such as loans, credit cards and mortgages.
How is it calculated?
The AECB collects information on your payment behaviour from banks as well as utilitiy and telecoms providers.
How can I improve my score?
By paying your bills on time and not missing any repayments, particularly your loan, credit card and mortgage payments. It is also wise to limit the number of credit card and loan applications you make and to reduce your outstanding balances.
How do I know if my score is low or high?
By checking it. Visit one of AECB’s Customer Happiness Centres with an original and valid Emirates ID, passport copy and valid email address. Liv. customers can also access the score directly from the banking app.
How much does it cost?
A credit report costs Dh100 while a report with the score included costs Dh150. Those only wanting the credit score pay Dh60. VAT is payable on top.