Iran will pull out of a landmark deal to stop the country from developing nuclear weapons unless it receives concrete guarantees that the economic incentives of the pact will be protected by the other parties, following the US decision to unilaterally withdraw and Washington's threat of sanctions against companies who trade with Iran, a senior Iranian official said Friday.
"We are still complying but we have not decided whether to yet to stay in the deal or not," the official told a small group of reporters on condition of anonymity. "It depends on the remaining JCPOA participants, if they can actually compensate for the absence of the United States in the deal."
The other countries involved in the JCPOA, the so-called Joint Comprehensive Plan of Action Joint Commission, met on Friday for the first time without the US after Iran called for an urgent meeting of the body in Vienna. Britain, France, Germany, China and Russia reaffirmed their commitment to the deal, and the Iranian delegation emerged saying they were more confident than before, and made no mention of timelines.
"I think we have good reasons to think we will succeed, provided that, once again, all of us have relevant political will," said Mikhail Ulyanov, head of the Russian Foreign Ministry's arms control and non-proliferation department.
The other nations have all previously said they want to stay in the 2015 deal, which limits Iran's enrichment and stockpiling of material that could be applied to a nuclear weapons program. In exchange, Tehran was granted widespread relief from international trade, oil and banking sanctions.
Speaking ahead of the Vienna talks, the Iranian official said that for his country to stay in the deal, the relief granted would have to be guaranteed by the other parties involved and that Tehran needs specifics on how that will happen by the end of May. Tehran will make its final decision in a "few weeks."
The official said that in theory the deal can survive without the US, but acknowledged "in practice I'm not sure".
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He acknowledged the timeline was tight, but said that European nations had "wasted" the past few months trying to convince Trump not to pull out of the nuclear deal over his contention it was not tough enough on Iran. Among other things, Trump said the deal needed to address Iran's ballistic missile program and involvement in regional conflicts while the others had argued those issues could be negotiated separately.
New US sanctions are being phased in, but already many non-US companies have said that they will also likely have curtail operations in Iran for fear of losing access to the much more important American market.
Iran is looking for guarantees it can continue to sell its oil on world markets, have international banking access and broad protection for ongoing trade, among other things.
"We cannot continue the deal ... unless the remaining participants will compensate and take countermeasures against US sanctions and continue economic relations with Iran," the official said.
He said Iran was looking for "specific mechanisms and practical solutions" to convince companies to continue doing business with them.
"We believe Iran's economy is attractive enough to bring companies and banks and businesses into Iran," he said. "What we need is a safe atmosphere for them to do business with Iran and we expect Europeans to provide them that security," adding that China and Russia also needed to contribute.
US Secretary of State Mike Pompeo last week called for the negotiation of a new deal that would go far beyond the single focus of the 2015 agreement and would have the status of a formal treaty — a suggestion Iran flatly rejects.
"There is no trust at all to engage with the US on any subject," the official said. "We made the JCPOA in good faith and we remained committed to the JCPOA and they just pulled out... so name me a single reason why we should enter into a new negotiation with the US or a new deal? One president signs, the other president nullifies; I don't think anybody can negotiate with the US with such behaviour."
The official noted that the International Atomic Energy Agency on Thursday reported Iran had complied with limits on the level to which it can enrich uranium, its stock of enriched uranium and other items. IAEA Director General Yukiya Amano was invited by the JCPOA on Friday to address the group on his agency's findings.
If it pulls out of the deal, Iran would likely revert to its nuclear doctrine before the agreement or maybe even escalate its activities, the official said.
"We would have all options available," he said.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
The bio
Who inspires you?
I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist
How do you relax?
Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.
What is favourite book?
The Perks of Being a Wallflower - I think I've read it more than 7 times
What is your favourite Arabic film?
Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki
What is favourite English film?
Mamma Mia
Best piece of advice to someone looking for a career at Google?
If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
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RIDE%20ON
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COMPANY%20PROFILE
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Super Saturday race card
4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m
PRO BASH
Thursday’s fixtures
6pm: Hyderabad Nawabs v Pakhtoon Warriors
10pm: Lahore Sikandars v Pakhtoon Blasters
Teams
Chennai Knights, Lahore Sikandars, Pakhtoon Blasters, Abu Dhabi Stars, Abu Dhabi Dragons, Pakhtoon Warriors and Hyderabad Nawabs.
Squad rules
All teams consist of 15-player squads that include those contracted in the diamond (3), platinum (2) and gold (2) categories, plus eight free to sign team members.
Tournament rules
The matches are of 25 over-a-side with an 8-over power play in which only two fielders allowed outside the 30-yard circle. Teams play in a single round robin league followed by the semi-finals and final. The league toppers will feature in the semi-final eliminator.
The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
