David McAllister, chairman of the European Parliament’s foreign affairs committee. Photo: European Parliament
David McAllister, chairman of the European Parliament’s foreign affairs committee. Photo: European Parliament
David McAllister, chairman of the European Parliament’s foreign affairs committee. Photo: European Parliament
David McAllister, chairman of the European Parliament’s foreign affairs committee. Photo: European Parliament

EU carefully observing US-Iran talks, says Parliament foreign affairs chairman


Vanessa Ghanem
  • English
  • Arabic

The EU is closely monitoring the nuclear negotiations between the US and Iran, as a third round of high-stakes talks is scheduled to take place on Saturday in Muscat.

“We are carefully observing the ongoing negotiations,” said David McAllister, chairman of the European Parliament’s foreign affairs committee. “For us, one thing is clear: we are committed to dialogue and diplomacy - but also to accountability and restraint.”

Senior American and Iranian negotiators are due to reconvene in Oman this weekend, as US President Donald Trump seeks to secure a deal that would restrict Iran’s nuclear programme, which Washington believes is designed to develop a nuclear weapon. The previous two rounds were held in Muscat and Rome.

Although Europeans are not directly involved in the negotiations, they can still reimpose UN sanctions on Tehran. Since the US withdrew from the 2015 nuclear agreement, it no longer has access to the accord’s so-called "snapback" mechanism at the UN Security Council.

This makes Britain, France and Germany, or the E3, the only remaining parties to the original deal with the ability and interest to impose snapback sanctions.

“I sincerely hope these talks bear fruit, because diplomacy is the right way forward. But we need to see a serious commitment from the Iranian side ... I think the Iranians know what's at stake,” Mr McAllister told The National.

“We in the EU remain concerned about the ongoing destabilising activities, the malign influence Iran has in proxy conflicts across the region, whether it’s Hezbollah in Lebanon, Hamas in Gaza or the Houthis in Yemen. Beyond the Middle East, we are particularly alarmed by Iran's military support to Russia in its war of aggression against Ukraine.”

Mr McAllister spoke as he led a delegation of members of European Parliament on a visit to the UAE. The group included representatives of France, Germany, Spain and other EU countries.

The visit came after the UAE and the EU had agreed to begin talks on a possible trade deal, in what would be a landmark agreement for the two sides.

Dr Ali Al Nuaimi, chairman of the defence, interior and foreign affairs committee of the Federal National Council, met David McAllister, chairman of the European Parliament committee on foreign affairs, at the FNC headquarters in Abu Dhabi. FNC
Dr Ali Al Nuaimi, chairman of the defence, interior and foreign affairs committee of the Federal National Council, met David McAllister, chairman of the European Parliament committee on foreign affairs, at the FNC headquarters in Abu Dhabi. FNC

EU-UAE cooperation

The EU and UAE have recently confirmed the commencement of talks aimed at establishing a Comprehensive Economic Partnership Agreement. The proposed deal seeks to enhance trade in goods and services, investment and collaboration in key sectors such as renewable energy, green hydrogen and critical raw materials.

This follows the recent imposition of reciprocal tariffs by Mr Trump's administration – 20 per cent on the EU and 10 per cent on the UAE – which have been paused for 90 days to allow room for negotiations. The UAE considers the EU – its second-largest trading partner, with $67.6 billion in non-oil trade in 2024 – a critical economic partner.

The UAE-EU negotiations are viewed as a way to expedite GCC-EU talks.

“The UAE is a key interlocutor for the EU in a region of immense strategic importance,” said Mr McAllister. “With the joint announcement at the highest level that negotiations for a free-trade agreement will begin, we have the opportunity of taking our relations to the next level.”

The announcement to launch these negotiations was prepared over the past several weeks and months. There are growing signs now that momentum could be building again around the India-Middle East-Europe Corridor (Imec).

Announced at the G20 summit in New Delhi in September 2023, the Imec is a US and EU-backed initiative aimed at enhancing connectivity and trade flows between India, the Arabian Gulf and Europe through rail, ports and digital infrastructure.

The Gaza war has significantly disrupted momentum around the Imec, stalling diplomatic and logistical co-ordination essential to the project.

"There is a great possibility to work with the UAE on infrastructure projects such as Imec. It would certainly strengthen connectivity between Europe and the Gulf and enhance our shared economic resilience," said Mr McAllister.

Red Sea conflict

Beyond trade, he said the EU and UAE share a common interest in the Red Sea. “We Europeans are heavily dependent on freedom of navigation. Maritime security is of key importance to us. That's why the EU has a naval mission operating in the Red Sea, the Operation Aspides.”

Aspides is an EU naval mission launched in February 2024 to protect commercial shipping in the Red Sea, the Bab El Mandeb Strait and the Gulf of Aden. It was established in response to increasing attacks on international vessels by Yemen's Houthi rebels, who say their operations are in solidarity with Palestinians against Israel’s war in Gaza since the October 7, 2023, attacks on southern Israel.

Led by Greece under the EU’s Common Security and Defence Policy, Aspides has a purely defensive mandate focused on escorting ships and deterring threats. France, Italy, Germany and other EU members contribute naval assets, including warships and surveillance systems.

Smoke billows above buildings after US air strikes on a neighbourhood in the Yemeni capital Sanaa on April 24. EPA
Smoke billows above buildings after US air strikes on a neighbourhood in the Yemeni capital Sanaa on April 24. EPA

“Ours is a defensive operation – that's the difference from the US-led missions that are actively attacking the Houthis. That is not the EU's policy.”

Last March, the US launched Operation Rough Rider against the Iran-backed Houthis to protect US and allied forces – particularly Israel – from missile and drone threats and weaken Iranian influence in the region through its proxy network.

With near-daily attacks, the campaign was billed as a response to Houthi provocations and an effort to re-establish US deterrence after what Trump officials saw as a period of strategic restraint.

Gaza war

The EU stands with Israel, but also supports the Palestinian people, said Mr McAllister.

Last week, the bloc pledged a new financial package of €1.6 billion ($1.8 billion) to the Palestinian Authority over the next three years. The EU is the biggest provider of financial assistance to the Palestinians, and EU officials hope that the Palestinian Authority, which governs the West Bank, might eventually also administer Gaza when the war with Hamas ends.

But Israeli Prime Minister Benjamin Netanyahu’s government has rejected transferring control of Gaza to the Palestinian Authority and opposed the EU’s push for a two-state solution.

“The future of Gaza must be one without Hamas … The Palestinian Authority should be, one day, the responsible authority for the West Bank and Gaza,” said Mr McAllister, adding that this will require time and serious negotiations.

He also dismissed previous proposals from Washington for Gaza’s economic redevelopment involving the forced displacement of Palestinians. “Gaza is for the people of Gaza,” he stressed.

How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

FIXTURES

All times UAE ( 4 GMT)

Friday
Saint-Etienne v Montpellier (10.45pm)

Saturday
Monaco v Caen (7pm)
Amiens v Bordeaux (10pm)
Angers v Toulouse (10pm)
Metz v Dijon (10pm)
Nantes v Guingamp (10pm)
Rennes v Lille (10pm)

Sunday
Nice v Strasbourg (5pm)
Troyes v Lyon (7pm)
Marseille v Paris Saint-Germain (11pm)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Clinicy%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Prince%20Mohammed%20Bin%20Abdulrahman%2C%20Abdullah%20bin%20Sulaiman%20Alobaid%20and%20Saud%20bin%20Sulaiman%20Alobaid%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Riyadh%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2025%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20HealthTech%3Cbr%3E%3Cstrong%3ETotal%20funding%20raised%3A%3C%2Fstrong%3E%20More%20than%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Middle%20East%20Venture%20Partners%2C%20Gate%20Capital%2C%20Kafou%20Group%20and%20Fadeed%20Investment%3C%2Fp%3E%0A
Key recommendations
  • Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
  • Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
  • Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
  • More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
%3Cp%3E%3Cstrong%3ETHE%20SPECS%3C%2Fstrong%3E%0D%3Cbr%3EEngine%3A%203.5-litre%20V6%0D%3Cbr%3ETransmission%3A%209-speed%20automatc%0D%3Cbr%3EPower%3A%20279hp%0D%3Cbr%3ETorque%3A%20350Nm%0D%3Cbr%3EPrice%3A%20From%20Dh250%2C000%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Updated: April 25, 2025, 5:22 AM`