The US secretary of state John Kerry, left, and Russia's foreign minister Sergei Lavrov prior to their meeting in Geneva on Saturday discuss Iran's nuclear programme. AP Photo
The US secretary of state John Kerry, left, and Russia's foreign minister Sergei Lavrov prior to their meeting in Geneva on Saturday discuss Iran's nuclear programme. AP Photo

As intensity of Iran nuclear talks rises, so do doubts of resolution



GENEVA // A senior Iranian official raised doubt on Saturday whether an agreement to curb Iran’s nuclear programme could be finalised during current talks in Geneva after a day of intense diplomacy joined by the US secretary of state John Kerry and five other foreign ministers.

The Iranian deputy foreign minister Abbas Araghchi told Iran’s Fars news agency that the bargaining was primarily over the wording of a draft six-month agreement that would offer Iran limited relief from economic sanctions in return for curbs on its nuclear programme.

But Mr Araghchi also said it was unclear whether the differences could be ironed out on Saturday – the fourth day of what was supposed to have been two days of talks.

US officials insisted Mr Kerry would stick by plans to leave on Sunday for talks in London. That raised the possibility that another session may have to be scheduled.

The goal is to hammer out an agreement to freeze Iran’s nuclear programme for six months while offering the Iranians limited relief from crippling economic sanctions. If the interim deal holds, the parties would negotiate final-stage agreements to ensure Iran does not build nuclear weapons.

Only then would the most crippling sanctions on Iranian oil sales and financial transactions be rolled back.

The talks have been difficult not only because of the complex issues but also deep misgivings on each side about dealing with the other.

The Iranians, mindful of opposition to any restrictions among hardliners back home, have insisted on retaining the right to produce nuclear fuel by enriching uranium, saying they need it to produce electricity and for scientific research.

They also are holding out for maximum relief from sanctions hurting their economy, while the United States and its allies want to relax sanctions in small, incremental steps. Even those have not set well with Israel or some members of Congress.

Talks on Saturday appear to have included ways Iran could retain some level of enrichment, albeit at a level far below what’s need for weapons. Other roadblocks were believed to include the level of sanctions relief and the future of a plutonium reactor under construction at Arak that the six want closed. Plutonium can also be used to make weapons.

Mr Kerry and his counterparts from Russia, Britain, France, China and Germany joined the Geneva talks after Iran’s foreign minister, Mohammed Javad Zarif, and the top European Union diplomat, Catherine Ashton, reported progress on enrichment and other issues on Friday.

Their participation raised speculation that an agreement was close – an interpretation that the foreign ministers themselves sought to discourage.

William Hague, the British foreign secretary, spoke of “very difficult negotiations”, over issues that blocked agreement at the last round this month.

“We’re not here because things are necessarily finished,” Mr Hague told reporters. “We’re here because they’re difficult, and they remain difficult.”

Among the key stumbling blocks, uranium enrichment is especially sensitive. Iran insists it has no interest in nuclear weapons but needs to enrichment to generate electricity and for scientific and medical purposes.

Washington and its allies are sceptical because of Tehran’s earlier efforts to hide enrichment. Israel, which is not a party to the talks, opposes allowing any Iranian enrichment capability.

Iran has suggested it could curb its highest-known level of enrichment – at 20 per cent. But critics worry that Iran could ramp up to weapons grade enrichment quickly if the 20 per cent threshold is allowed to remain.

* Associated Press

The five pillars of Islam
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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The specs
Engine: 2.4-litre 4-cylinder

Transmission: CVT auto

Power: 181bhp

Torque: 244Nm

Price: Dh122,900 

The results of the first round are as follows:

Qais Saied (Independent): 18.4 per cent

Nabil Karoui (Qalb Tounes): 15.58 per cent

Abdelfattah Mourou (Ennahdha party): 12.88 per cent

Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent

Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent

EXPATS
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Sustainable Development Goals

1. End poverty in all its forms everywhere

2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

3. Ensure healthy lives and promote well-being for all at all ages

4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

5. Achieve gender equality and empower all women and girls

6. Ensure availability and sustainable management of water and sanitation for all

7. Ensure access to affordable, reliable, sustainable and modern energy for all

8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation

10. Reduce inequality  within and among countries

11. Make cities and human settlements inclusive, safe, resilient and sustainable

12. Ensure sustainable consumption and production patterns

13. Take urgent action to combat climate change and its effects

14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

17. Strengthen the means of implementation and revitalise the global partnership for sustainable development

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

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Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

((Disclaimer))

The Liechtensteinische Landesbank AG (“Bank”) assumes no liability or guarantee for the accuracy, balance, or completeness of the information in this publication. The content may change at any time due to given circumstances, and the Liechtensteinische Landesbank AG is under no obligation to update information once it has been published. This publication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Liechtensteinische Landesbank (DIFC Branch), Liechtensteinische Landesbank AG, or any of its group affiliates to make any investments or obtain services. This publication has not been reviewed, disapproved or approved by the United Arab Emirates (“UAE”) Central Bank, Dubai Financial Services Authority (“DFSA”) or any other relevant licensing authorities in the UAE. It may not be relied upon by or distributed to retail clients. Liechtensteinische Landesbank (DIFC Branch) is regulated by the DFSA and this advertorial is intended for Professional Clients (as defined by the DFSA) who have sufficient financial experience and understanding of financial markets, products or transactions and any associated risks.

Other ways to buy used products in the UAE

UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.

Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.

Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.

For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.

Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.

At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.

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Director: Neeraj Pandey

Rating: 2.5/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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Company%20Profile
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The specs: 2018 Audi Q5/SQ5

Price, base: Dh183,900 / Dh249,000
Engine: 2.0L, turbocharged in-line four-cylinder /  3.0L, turbocharged V6
Gearbox: Seven-speed automatic / Eight-speed automatic
Power: 252hp @ 5,000rpm / 354hp @ 5,400rpm
Torque: 370Nm @ 1,600rpm / 500Nm @ 1,370rpm
Fuel economy: combined 7.2L / 100km / 8.3L / 100km

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SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
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