The Iranian flag in front of the International Atomic Energy Agency's headquarters in Vienna, Austria. Reuters
The Iranian flag in front of the International Atomic Energy Agency's headquarters in Vienna, Austria. Reuters
The Iranian flag in front of the International Atomic Energy Agency's headquarters in Vienna, Austria. Reuters
The Iranian flag in front of the International Atomic Energy Agency's headquarters in Vienna, Austria. Reuters

West condemns Iran over IAEA claims it increased enriched uranium production


Ellie Sennett
  • English
  • Arabic

Western governments on Thursday warned of a “backwards step” in preventing Iran from obtaining a nuclear weapon, after a report found Tehran has increased its production of enriched uranium.

A report from the International Atomic Energy Agency (IAEA) released this week said that Iran has “increased its production of highly enriched uranium, reversing a previous output reduction from mid-2023“.

The US, UK, France and Germany warned that the findings “will result in Iran tripling its monthly production rate of uranium enriched up to 60 per cent".

“We condemn this action, which adds to the unabated escalation of Iran’s nuclear programme," the joint statement read.

“These decisions demonstrate Iran’s lack of good will towards de-escalation and represent reckless behaviour in a tense regional context.

"We urge Iran to immediately reverse these steps and de-escalate its nuclear programme."

Iran's atomic energy chief Mohammad Eslami played down the IAEA report on Wednesday, saying it showed “nothing new”, Iranian media reported.

“We did nothing new and are doing the same activities according to the rules,” Mr Eslami was quoted as saying.

Highly enriched uranium is anything above 20 per cent, and weapons-grade uranium is commonly considered to have been enriched above 90 per cent, according to the Centre for Arms Control and Proliferation.

Last week, the US said that it was prepared to use “all means necessary” to prevent Iran from gaining nuclear arms.

“Iran should take actions to build international confidence and de-escalate tensions, not continue nuclear provocations that pose grave proliferation risks,” John Kelley, a US political counsellor, told the UN Security Council.

"We remain postured and prepared to use all means necessary to prevent a nuclear-armed Iran."

Tension between Iran and the US has escalated in recent months, as Washington continues to support Israel in its war in Gaza, which has killed more than 21,000 Palestinians with no signs of slowing.

Tehran supports Hamas, the Palestinian militant group that launched a deadly attack on Israel that sparked the war and took 1,200 lives.

Iran also backs other regional militants, such as the Houthis in Yemen, who have escalated tension in the wider region as Israel's western-backed siege in Gaza endures.

Tehran suspended its compliance with limits on its nuclear activities set by a landmark 2015 nuclear deal with major powers, after former president Donald Trump pulled the US out of the agreement in 2018 and reimposed sweeping sanctions.

It has since built up its stocks of enriched uranium to 22 times the level permitted under the deal, AFP said, quoting a confidential IAEA report it saw last month.

Efforts to revive the nuclear deal remain frozen after a breakdown in negotiations last year and subsequent political developments that have led to a further deterioration in relations between the parties.

How it works

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Sri Lanka-India Test series schedule
  • 1st Test India won by 304 runs at Galle
  • 2nd Test Thursday-Monday at Colombo
  • 3rd Test August 12-16 at Pallekele
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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."

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Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

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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

A timeline of the Historical Dictionary of the Arabic Language
  • 2018: Formal work begins
  • November 2021: First 17 volumes launched 
  • November 2022: Additional 19 volumes released
  • October 2023: Another 31 volumes released
  • November 2024: All 127 volumes completed
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

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

The specs

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Transmission: seven-speed PDK dual clutch automatic

Power: 375bhp

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Price: Dh332,800

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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

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Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

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Brief scores:

Southampton 2

Armstrong 13', Soares 20'

Manchester United 2

Lukaku 33', Herrera 39'

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

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

 

Updated: December 29, 2023, 6:18 AM