The IAEA report says Tehran has failed to reconsidered its decision to ban the most experienced nuclear inspectors from monitoring its atomic programme. Reuters
The IAEA report says Tehran has failed to reconsidered its decision to ban the most experienced nuclear inspectors from monitoring its atomic programme. Reuters
The IAEA report says Tehran has failed to reconsidered its decision to ban the most experienced nuclear inspectors from monitoring its atomic programme. Reuters
The IAEA report says Tehran has failed to reconsidered its decision to ban the most experienced nuclear inspectors from monitoring its atomic programme. Reuters

UN accuses Iran of increasing stockpile of uranium enriched to near weapons-grade levels


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Iran has increased its stockpile of uranium enriched to near weapons-grade levels in defiance of international demands, a confidential report from the UN’s nuclear watchdog found on Thursday.

The report by the International Atomic Energy Agency, seen by the Associated Press, said that as of August 17, Iran had 164.7kg of uranium enriched up to 60 per cent, an increase of 22.6kg since the last report in May. Iran’s overall stockpile of enriched uranium stood at 5,751.8kg as of August 17.

Uranium enriched up to 60 per cent purity is close to the 90 per cent needed to manufacture weapons-grade levels.

The report, according to AP, says Tehran has also not reconsidered its decision in September 2023 to ban the most experienced nuclear inspectors from monitoring its atomic programme, and that agency surveillance cameras remain disrupted.

It adds that Iran has still not provided answers to the nuclear watchdog’s years-long investigation about the origin and current location of man-made uranium particles found at Varamin and Turquzabad, that Tehran has failed to declare as potential nuclear sites.

Iran says that its nuclear programme is for peaceful, civilian purposes.

The report comes days after Iran’s supreme leader opened the door to renewed negotiations with the US over his country’s rapidly advancing nuclear programme, telling its civilian government there was “no harm” in engaging with "the enemy".

In 2015, Iran, the US and other world powers signed a landmark nuclear deal. Under the agreement, Iran was allowed to enrich uranium only up to 3.67 per cent purity, maintain a stockpile of 300kg of the material and use only basic centrifuges, in exchange for the lifting of international economic sanctions.

UN inspectors were also to be permitted to monitor Iran's compliance.

But in 2018, Donald Trump, the Republican president at the time, unilaterally pulled the US out of the agreement. A year later, Iran began breaking the terms of the pact.

President Joe Biden said on taking office that he would work towards re-entering the nuclear accord with Iran but negotiation efforts have stalled.

Geopolitical circumstances in the Middle East and beyond have since shifted, complicating the prospects of a renewed nuclear deal.

Ayatollah Ali Khamenei’s remarks on Tuesday set clear red lines for any talks taking place under the new government of reformist President Masoud Pezeshkian and reiterated his warnings that Washington was not to be trusted.

The IAEA report acknowledged that before the elections in Iran in June, the agency had been told "that further engagement with the agency would be determined by the new government of Iran”.

The agency congratulated Mr Pezeshkian on his election win and offered to send the IAEA chief to Tehran "to relaunch the dialogue and co-operation between the agency and Iran”, the report said.

But while the newly elected Iranian President confirmed “his agreement to meet” the IAEA chief, no discussions on the subject have taken place since.

The report comes amid fears of a regional spillover of the Gaza war, with Israel and Iran-backed Hezbollah engaging in tit-for-tat strikes at the Lebanese border.

It also comes after the killings of major Hamas and Hezbollah figures – one of them in Iran – that have been blamed on Israel. Iran has vowed to retaliate.

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav

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Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

MATCH INFO

Everton 0

Manchester City 2 (Laporte 45 2', Jesus 90 7')

Updated: August 29, 2024, 6:04 PM`