Co-ordinator Enrique Mora and his entourage are scheduled to return to the Grand Hotel Wien, where talks with Iran are expected to resume this week. AP Photo
Co-ordinator Enrique Mora and his entourage are scheduled to return to the Grand Hotel Wien, where talks with Iran are expected to resume this week. AP Photo
Co-ordinator Enrique Mora and his entourage are scheduled to return to the Grand Hotel Wien, where talks with Iran are expected to resume this week. AP Photo
Co-ordinator Enrique Mora and his entourage are scheduled to return to the Grand Hotel Wien, where talks with Iran are expected to resume this week. AP Photo

Iran election will not derail nuclear talks, Tehran says


Leila Gharagozlou
  • English
  • Arabic

Iran's policy towards the 2015 nuclear deal and negotiations with world powers over how to restore it will continue regardless of the result in this month's presidential elections, government spokesman Ali Rabiei said on Tuesday.

Mr Rabiei said the policy of engaging with other participants in the agreement, including the US, was made by supreme leader Ayatollah Ali Khamenei and had support from the highest levels of the establishment.

This will not change when President Hassan Rouhani leaves office, he said.

Iranians are scheduled to go to the polls on June 18 to elect their next president, expected by many to be cleric Ebrahim Raisi, who is generally regarded as hostile to engagement with the US and the West.

  • Iran's former top nuclear negotiator and former presidential candidate Saeed Jalili. AFP
    Iran's former top nuclear negotiator and former presidential candidate Saeed Jalili. AFP
  • Ebrahim Raisi, head of Iran's judiciary. AP Photo
    Ebrahim Raisi, head of Iran's judiciary. AP Photo
  • Former Iranian vice president Mohsen Mehralizadeh, accompanied by his grandsons, salutes supporters as he registers his candidacy at the Interior Ministry in the capital Tehran. AFP
    Former Iranian vice president Mohsen Mehralizadeh, accompanied by his grandsons, salutes supporters as he registers his candidacy at the Interior Ministry in the capital Tehran. AFP
  • Abdolnaser Hemmati, Governor of the Central Bank of Iran, listens to a speech in parliament in Tehran. AFP
    Abdolnaser Hemmati, Governor of the Central Bank of Iran, listens to a speech in parliament in Tehran. AFP
  • Iranian conservative presidential candidate, Alireza Zakani. AFP
    Iranian conservative presidential candidate, Alireza Zakani. AFP
  • Amirhossein Ghazizadeh Hashemi.
    Amirhossein Ghazizadeh Hashemi.
  • Iranian former chief of the Revolutionary Guards Mohsen Rezai. AFP
    Iranian former chief of the Revolutionary Guards Mohsen Rezai. AFP

The possibility of a hardline president had caused concern that were a new nuclear agreement not brokered before Mr Rouhani leaves office in August, any hope of diplomacy could be lost.

World powers are trying to broker an agreement between Iran and the US to revive the 2015 deal abandoned by former president Donald Trump in 2018 and ease economic sanctions on the Iran in exchange for it cutting back its atomic activities.

US Secretary of State Antony Blinken says there could be a breakout for Iranian nuclear technology 'in a matter of weeks' AFP
US Secretary of State Antony Blinken says there could be a breakout for Iranian nuclear technology 'in a matter of weeks' AFP

On Monday, US Secretary of State Antony Blinken highlighted the importance and urgency of getting a deal with Iran, telling the House foreign relations committee that Iran could cut its nuclear weapon breakout time to "a matter of weeks" if it continues to escalate its breaches of the 2015 nuclear deal.

“The agreement pushed [breakout time] into a year or more. It’s now down, by published reports, to a few months at best," he said.

"And if this continues, it will get down to a matter of weeks, exactly what we sought to avoid and what the agreement stopped.”

A sixth round of nuclear talks between Iran, the US and European nations is scheduled to start in Vienna, Austria, on Thursday. Negotiators took a brief break to head back to their home countries for consultations. News of the talks has thus far been optimistic, with both groups saying they are moving closer towards a resolution.

ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Sam Smith

Where: du Arena, Abu Dhabi

When: Saturday November 24

Rating: 4/5

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

The specs: 2018 Jeep Compass

Price, base: Dh100,000 (estimate)

Engine: 2.4L four-cylinder

Transmission: Nine-speed automatic

Power: 184bhp at 6,400rpm

Torque: 237Nm at 3,900rpm

Fuel economy, combined: 9.4L / 100km

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
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Star%20Wars%3A%20Ahsoka%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Various%20%3Cbr%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Rosario%20Dawson%2C%20Natasha%20Liu%20Bordizzo%2C%20Lars%20Mikkelsen%20%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%0D%3Cbr%3E%3C%2Fp%3E%0A

Newcastle United 0 Tottenham Hotspur 2
Tottenham (Alli 61'), Davies (70')
Red card Jonjo Shelvey (Newcastle)

Results

6.30pm: Maiden Dh165,000 (Dirt) 1,400m. Winner: Rio Angie, Pat Dobbs (jockey), Doug Watson (trainer).

7.05pm: Handicap Dh170,000 (D) 1,600m. Winner: Trenchard, Pat Dobbs, Doug Watson.

7.40pm: Maiden Dh165,000 (D) 1,600m. Winner: Mulfit, Pat Dobbs, Doug Watson.

8.15pm: Handicap Dh210,000 (D) 1,200m. Winner: Waady, Dane O’Neill, Doug Watson.

8.50pm: Handicap Dh210,000 (D) 2,000m. Winner: Tried And True, Pat Dobbs, Doug Watson.

9.25pm:Handicap Dh185,000 (D) 1,400m. Winner: Midnight Sands, Pat Dobbs, Doug Watson.

The specs: McLaren 600LT

Price, base: Dh914,000

Engine: 3.8-litre twin-turbo V8

Transmission: Seven-speed automatic

Power: 600hp @ 7,500rpm

Torque: 620Nm @ 5,500rpm

Fuel economy 12.2.L / 100km

Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory