Mohammed ElBaradei, the head of the UN's nuclear watchdog, arrived in Tehran last night to arrange swift access for his inspectors to a recently disclosed uranium enrichment site after unexpectedly productive talks between Iran and six world powers.
Iran's agreement to allow scrutiny of the facility was reached at Thursday's landmark meeting in Geneva. The international community has called for inspections within two weeks of the site, which is deeply etched into a heavily fortified Revolutionary Guards mountainside complex near Qom, a Shia holy city.
Thursday's meeting also resulted in a tentative but vital confidence-building measure under which Tehran would give up most of its declared stockpile of low-enriched uranium to Russia to be converted into material for a medical research reactor in Tehran, rendering the material unavailable for any bomb-making.
Barack Obama, the US president, won more concessions from Iran in "72 hours than the former administration [of his predecessor, George W Bush] got in eight years of sabre-rattling", wrote Juan Cole, a Middle East expert and professor of history at the University of Michigan, on his blog, www.juancole.com. Thursday's meeting included the highest-level direct talks between the United States and Iran in nearly three decades.
In his first comments since the Geneva talks, Mahmoud Ahmadinejad, Iran's president, yesterday defended his country's "honesty" in its recent disclosure of the new nuclear plant, which pre-empted by just days revelations of its existence by western powers.
Tehran's surprisingly sudden show of co-operation on the nuclear front eases tensions that had been mounting steadily between Iran and the West. The threat of further sanctions against the Islamic republic has receded, allowing time for more intensive talks to resolve the nuclear dispute through negotiations.
Yet mutual mistrust and suspicion remains. Even if inspectors visit the Qom site within two weeks, Iran will have had nearly a month since declaring the new facility on September 21 to conceal any possibly damaging evidence, analysts in the US media said yesterday.
Many western officials also question whether Iran is playing for time and if it will follow through on tantalising promises it made "in principle" in Geneva.
Remarks by Mr Obama articulated Washington's mood of cautious optimism. "Taking the step of transferring its [Iran's] low-enriched uranium to a third country would be a step towards building confidence that Iran's programme is in fact peaceful," he said. Iran now has a "path towards a better relationship" with the United States. But Mr Obama warned that the United States would not continue to negotiate indefinitely and that Iranian "pledges of co-operation must be fulfilled".
Iran's stockpile of 1.5 tonnes of low-enriched uranium is potentially enough to make one bomb if it is enriched to much higher levels. The removal of most of that stockpile from Iranian soil reduces Iran's ability to develop a weapon quickly, and should ease concerns, particularly in Israel, that time is running out for a diplomatic solution.
US officials say experts will meet in Vienna, where the IAEA is headquartered, on October 18 to work out the details of transferring most of Iran's low-enriched uranium to Russia for further processing.
In another positive sign, Iran will meet again before the end of the month with the five permanent members of the UN Security Council- US, Russia, China, Britain, France - and Germany, the so-called P5-plus-one.
Russia is certain to have played a key role in cajoling Iran to be co-operative. Moscow signalled last week that it might back new sanctions against Iran if Tehran failed to budge on its nuclear programme in coming months. Vladimir Putin, the Russian prime minister, has on several occasions attempted to resolve the nuclear dispute by offering to provide enriched uranium to Iran, or to jointly enrich it in Iran under Russian supervision. Tehran in turn acknowledged it would be willing to acquire some enriched uranium this way, but has always insisted on its right to enrich some of its own uranium. It was when Iran rejected Mr Putin's proposals in the past that Moscow supported UN Security Council sanctions against the Islamic republic, albeit after helping to dilute them.
US officials insist that the tentative deal to send much of Iran's enriched uranium stockpile is not intended as a template for a future solution: Washington's goal is for Iran to suspend uranium enrichment activities altogether, which Tehran insists will never happen.
But, according to Gary Sick, a pre-eminent Iran scholar at Columbia University, the Geneva agreement establishes "the principle that Iranian enrichment could be conducted outside the country" while tacitly acknowledging "Iran's right to produce enriched uranium".
Writing in his blog (http://garysick.tumblr.com), Prof Sick said it would be a "mistake to think that the results of the Geneva talks were anything more than baby steps along a perilous and unpredictable path". But the process is "the only game in town. And it is off to a better start than any of us had the right to expect."
mtheodoulou@thenational.ae
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
MATCH INFO
Uefa Champions League quarter-final (first-leg score):
Juventus (1) v Ajax (1), Tuesday, 11pm UAE
Match will be shown on BeIN Sports
'Worse than a prison sentence'
Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.
“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.
“They were living in perpetual mystery as to how their futures would pan out, and what that would be.
“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.
“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.
“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”
Monster
Directed by: Anthony Mandler
Starring: Kelvin Harrison Jr., John David Washington
3/5
Retail gloom
Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.
It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.
The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
THE SPECS
Engine: 1.5-litre, four-cylinder turbo
Transmission: seven-speed dual clutch automatic
Power: 169bhp
Torque: 250Nm
Price: Dh54,500
On sale: now
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Yemen's Bahais and the charges they often face
The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.
The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran.
Today, some 2,000 Baha'is reside in Yemen, according to Insaf.
"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said.
Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer.
The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy.
Company%20profile
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Hamilton profile
Age 32
Country United Kingdom
Grands Prix entered 198
Pole positions 67
Wins 57
Podiums 110
Points 2,423
World Championships 3