Brett McGurk said the eighth round of talks in Vienna is reaching a point of conclusion. AFP
Brett McGurk said the eighth round of talks in Vienna is reaching a point of conclusion. AFP
Brett McGurk said the eighth round of talks in Vienna is reaching a point of conclusion. AFP
Brett McGurk said the eighth round of talks in Vienna is reaching a point of conclusion. AFP

Brett McGurk says US is 'very prepared' for no deal with Iran


Joyce Karam
  • English
  • Arabic

Washington is “very prepared” for other policy options if no deal is reached with Iran in Vienna to return to the nuclear agreement of 2015, a senior US official said on Thursday.

Brett McGurk, the US National Security Council's co-ordinator for the Middle East and North Africa, said the eighth round of talks in Vienna is reaching a point of conclusion.

“We're actually reaching that culmination point and we're going to know very soon whether or not it is possible for the Iranians to turn return to compliance with the nuclear deal on terms that we and the international community can accept,” Mr McGurk said at the Carnegie Endowment for International Peace.

“There's a chance for a deal and there's also a pretty good chance there's not going to be a deal. I will tell you we are prepared for either scenario.

“If there’s no deal, we're very prepared for that scenario.”

The US, in conjunction with its European allies, has discussed the option of imposing harsher snapback sanctions on Iran if the negotiations fail.

Asked about rifts within the US team and the departure of deputy special envoy Richard Nephew over disagreements with envoy Rob Malley, Mr McGurk played down differences.

“Richard is an incredibly talented teammate and he's taking a new assistant role at the State Department,” he said, and added that the US negotiating team is “multifaceted".

The senior White House official said Iran is fast approaching the point when it will achieve nuclear breakout capability.

“The prospect of a nuclear-armed Iran is something that keeps me up at night, but I can assure you that it's never going to happen,” he said.

Mr McGurk said the US is in talks with Gulf allies including the UAE to improve deterrence capabilities following recent missile attacks on Abu Dhabi.

“When the UAE is facing a missile attack, the first phone call is to [the US] and in the middle of the night,” Mr McGurk said. “We’re immediately co-ordinating from the military level to the diplomatic level and down.”

On relations with Syria, Mr McGurk said the US remains opposed to normalising ties with President Bashar Al Assad but pointed to some wiggle room when it comes to other countries.

“We do not support normalisation with the Assad regime. We are never going to normalise the Assad regime … If Jordan, a neighbour, wants to have a discussion about border security with Syria, now obviously we're not going to say no,” he said.

Mr McGurk said the goal in Syria is to keep the ceasefires in place.

“We have assurance that the era of major military offensives in Syria is over. The war phase is basically over, and we want to keep that intact.”

He also stated the US committed to helping Saudi Arabia protect itself against missile attacks by the Houthis in Yemen, noting that ending the conflict there is a priority for President Joe Biden's administration.

UAE currency: the story behind the money in your pockets
Temple numbers

Expected completion: 2022

Height: 24 meters

Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

First floor terrace areas: 2,30 square metres  

Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

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Director: Jon M Chu

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Rating: 4/5

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Rating: 4 / 5

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Engine: 2-litre turbocharged

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How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

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Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

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Rated: 3.5/5
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Asuka won the SmackDown Women's title in a TLC triple threat with Becky Lynch and Charlotte Flair

Dean Ambrose won the Intercontinental title against Seth Rollins

Daniel Bryan retained the WWE World Heavyweight Championship against AJ Styles

Ronda Rousey retained the Raw Women's Championship against Nia Jax

Rey Mysterio beat Randy Orton in a chairs match

Finn Balor defeated Drew McIntyre

Natalya beat Ruby Riott in a tables match

Braun Strowman beat Baron Corbin in a TLC match

Sheamus and Cesaro retained the SmackDown Tag Titles against The Usos and New Day

R-Truth and Carmella won the Mixed Match Challenge by beating Jinder Mahal and Alicia Fox

Iran's dirty tricks to dodge sanctions

There’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Here’s a description of how some work.

1 Going Dark

A common method to transport Iranian oil with stealth is to turn off the Automatic Identification System, an electronic device that pinpoints a ship’s location. Known as going dark, a vessel flicks the switch before berthing and typically reappears days later, masking the location of its load or discharge port.

2. Ship-to-Ship Transfers

A first vessel will take its clandestine cargo away from the country in question before transferring it to a waiting ship, all of this happening out of sight. The vessels will then sail in different directions. For about a third of Iranian exports, more than one tanker typically handles a load before it’s delivered to its final destination, analysts say.

3. Fake Destinations

Signaling the wrong destination to load or unload is another technique. Ships that intend to take cargo from Iran may indicate their loading ports in sanction-free places like Iraq. Ships can keep changing their destinations and end up not berthing at any of them.

4. Rebranded Barrels

Iranian barrels can also be rebranded as oil from a nation free from sanctions such as Iraq. The countries share fields along their border and the crude has similar characteristics. Oil from these deposits can be trucked out to another port and documents forged to hide Iran as the origin.

* Bloomberg

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Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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UAE currency: the story behind the money in your pockets
The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

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What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

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Investors: Self-funded to date with $1m of personal savings

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
UAE currency: the story behind the money in your pockets
Updated: January 27, 2022, 4:43 PM