Iran says it is building submarines to protect vital oil route



TEHRAN // Iran has launched a submarine production line to ensure its forces are equipped to maintain security in the Strait of Hormuz waterway, the defence minister said yesterday. Iran, embroiled in a standoff with the West over its nuclear ambitions, has said it could respond to any military attack by closing the vital oil shipping route at the southern end of the Gulf, through which about 40 per cent of the world's traded oil passes.

The United States, whose Fifth Fleet is based in the Gulf state of Bahrain, has vowed to keep shipping lanes open. The West accuses Tehran of seeking to build nuclear warheads but Iran, the world's fourth largest oil producer, insists its aim is to master technology to make electricity. Washington has not ruled out military action if diplomacy fails to end the row. Iran's armed forces "have been the protector of the security of the strategic Strait of Hormuz and regards the security of this waterway as vital for itself and the countries of the region", Mostafa Mohammad Najjar, the defence minister, said.

Mr Najjar, whose remarks were carried by Iran's ISNA news agency, was speaking at the inauguration of a submarine production line. The agency said it was for a "semi-heavy" class of submarine called Qaim but did not give details. The agency said the submarine could "carry and fire various kinds of torpedoes and subsurface missiles, as well as transport special operations personnel". He said Iran had invested in domestic production to meet its security aims along its coast.

Iran's state-owned Press TV website quoted Rear Admiral Habibollah Sayyari last week saying a new submarine using domestic technology had been added to Iran's fleet. But the report did not give details. Military insiders have said while Iran rarely reveals enough detail about its new military equipment to determine its efficacy, and despite having much less firepower than US forces, it could still cause havoc in the Gulf if it was pushed.

In 2005, Iran said it had launched a production line for midget submarines that experts said would most likely be used for troop transport in amphibious operations. The insiders said Iran's navy has three Russian Kilo class submarines and other smaller submersibles, including the Qadir. Press TV said Iran also operated a submersible called the Nahang, a word meaning whale. * Reuters

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Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

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A timeline of the Historical Dictionary of the Arabic Language
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