Iran ready to agree nuclear fuel deal



MANAMA // Iran is ready to exchange the bulk of its stockpile of enriched uranium for nuclear fuel rods, as proposed by the United Nations, the country's foreign minister said at a regional security summit yesterday. Manouchehr Mottaki also renewed calls for the region's nations to boost security through dialogue.

Mr Mottaki told the opening session of the Manama Dialogue security summit that Iran agreed "in principle" to an International Atomic Energy Agency (IAEA) proposal to swap 1,200kg of enriched uranium for nuclear fuel, but accused the West of not taking seriously Tehran's demands for a simultaneous exchange mechanism. He proposed that Tehran swap 400 kilograms of low-enriched uranium for nuclear fuel in an exchange on Kish island in the Arabian Gulf as the first phase of a deal with world powers, adding that the process could begin "right away" if the US, Britain, France, China, Russia and Germany agreed to the offer.

"We are prepared to take 400kg of 3.5 per cent enriched uranium to the island of Kish and exchange it" for the equivalent in 20 per cent enriched uranium, he said. Uranium enriched at low levels can be used as fuel for nuclear energy, but when enriched to 90 per cent and above, it can be used as material for a weapon. The US and five other world powers have been trying to win Iran's acceptance of a deal under which Tehran would ship most of its low-enriched uranium stockpile abroad to be processed into fuel rods.

The foreign minister added that any new sanctions against Tehran over its controversial nuclear programme "will have no impact" and that the Islamic republic would need up to 15 nuclear plants to cover the country's domestic electricity needs over the next two decades. Mr Mottaki also called for increased pressure on Israel to disarm it from its nuclear weapons. The foreign minister's position of blaming the West for the failed nuclear exchange talks received the unexpected backing of Bahrain, a Gulf Co-operation Council (GCC) member and a major US ally in the region, when Bahrain's foreign minister, Sheikh Khalid bin Ahmed al Khalifa, said it was "unfair" to impose sanctions on Iran.

"The main reason the P5-plus-one talks failed was because they did not include the countries of the region in that dialogue, we - meaning the Gulf states - tried to get ourselves in these talks so we can help and voice our concerns," Mr al Khalifa said during the same opening session. "I think we should give the talks another chance and redo them with involvement from the region." Mr Mottaki also renewed Tehran's call for a collective regional approach to achieving security in the region and denied any role in the ongoing civil war in northern Yemen that has spilt into Saudi Arabia creating widespread concern among the six Gulf states who will meet later this week in Kuwait.

"Iran believes that the solution to the issue of Yemen could only come from dialogue and not resorting to violence," he said. @Email:foreign.desk@thenational.ae * With additional reporting by Agence France-Presse

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

The Outsider

Stephen King, Penguin

The specs

Engine: 3-litre twin-turbo V6

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Torque: 475Nm

Transmission: 9-speed automatic

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On sale: Now

The specs: 2018 Maserati Levante S

Price, base / as tested: Dh409,000 / Dh467,000

Engine: 3.0-litre V6

Transmission: Eight-speed automatic

Power: 430hp @ 5,750rpm

Torque: 580Nm @ 4,500rpm

Fuel economy, combined: 10.9L / 100km

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Three tips from La Perle's performers

1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.

2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.

3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

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On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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Fighting with My Family

Director: Stephen Merchant 

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell        

Four stars

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