Iran and six world powers suspend nuclear talks



Iran and six world powers are suspending high-level talks meant to dispel suspicions that Tehran might turn its nuclear activities into making weapons, the EU's foreign policy chief said yesterday.

The announcement followed two days of intensive meetings that failed to bridge differences.Catherine Ashton said future meetings on a senior level were possible. But she told reporters that both sides needed to first stage lower-level talks.

“We expect Iran to decide whether it is willing to make diplomacy work, to focus on reaching agreement on concrete confidence-building steps, and to address the concerns of the international community,” she said in a statement.Ms Ashton further said experts will meet on a technical level on July 4 in Istanbul.

Iran praised the nuclear talks with world powers as more realistic than previous rounds but said its counterparts now faced a choice over whether to change a dead-end approach in the crisis.

“These talks were more serious and more realistic, going beyond declarations of simple statements,” the chief nuclear negotiator Saeed Jalili told reporters.

Israel, the Middle East’s only nuclear-armed state, has repeatedly warned it could take military action against Iran’s nuclear facilities if it deems diplomacy to have failed.

The latest cycle of stormy negotiations began in April in Istanbul after a tense 15-month hiatus, during which Iran accelerated its 
uranium enrichment while the West ratcheted up sanctions and Israel rattled its sabres. Effectively, Iran and the West are calling on each other to make concessions upfront before they deliver.

The immediate goal of the six world powers – the UN Security Council’s five permanent members – the US, Russia, China, Britain, and France, along with Germany – is for Iran to halt enriching uranium to 20 per cent, which is within striking distance of making bomb-grade material.

The so-called P5+1 also want Iran to close the previously secret underground bunker at Fordo where most of this activity takes place, and send abroad its stockpile of the material. A western diplomat summarised these demands as "stop, shut and ship".
Iran, which insists its nuclear programme is peaceful, has said it is only purifying to 20 per cent to fuel a medical research reactor.

Tehran repeatedly has signalled it could halt this activity if the price is right.

In Moscow, Iran’s chief nuclear negotiator, Mr Jalili, made clear that price was sanctions relief. But his primary demand was recognition of Iran’s “right” to a domestic nuclear fuel cycle, which would mean acceptance of uranium enrichment to 3.5 per cent, the level required to fuel electricity-generating reactors.

The UN Security Council is, however, united in its view that that right is dependent on Iran providing far greater transparency on its nuclear programme.

In high-level talks earlier this month, the UN’s nuclear watchdog agency failed to persuade Iran to let it inspect the Parchin military complex near Tehran.

European Union and US sanctions targeting Iran’s vital oil and banking sectors come fully into effect at the end of the month, but have already battered the Iranian economy. The West believes these punitive measures brought Iran back to the negotiating table and views them as a trump card.

Iran has complained that the P5+1 has offered it only meagre incentives to halt 20 per cent enrichment.

Optimists suspect the P5+1’s offer may have been a maximalist opening gambit in a long and laborious negotiating process.

“The six (P5+1) need to put more meat into reciprocity, but then Iran has to offer more on what it’s prepared to offer on the 20 per cent issue,” said Sir Richard Dalton, a British former ambassador in Tehran and now a senior fellow at the Chatham House think tank.

Trita Parsi, an Iran expert in Washington, believes the EU can stave off a crisis by agreeing to postpone – but not lift – its oil embargo for six months if Iran reins in its 20 per cent enrichment for that period.

That would maintain pressure on Iran but give diplomacy breathing space while US president Barack Obama’s room for manoeuvre is hobbled ahead of his re-election bid in November.

Assuming he wins a second term, he would then be able to resist pressure from Congress, his Republican rivals and the “obstinate Israeli prime minister” to make concessions that Tehran would have to reciprocate in kind, Mr Parsi argued.

Otherwise Iran is likely to retaliate against the EU embargo on July 1, Mr Parsi, author of a new book on Mr Obama's diplomacy with Iran, A Single Roll of the Dice, said in an interview. "The problem is Iran's escalation options are fewer and more and more dangerous … Both sides are running out of ways of making life difficult for the other without risking war."

mtheodoulou@thenational.ae

* With additional reporting from Associated Press and Reuters

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 

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

RESULTS

Mumbai Indians 181-4 (20 ovs)
Kolkata Knight Riders 168-6 (20ovs)

Mumbai won by 13 runs

Rajasthan Royals 152-9 (20 ovs)
Kings XI Punjab 155-4 (18.4 ovs)

Kings XI Punjab won by 6 wickets

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