Search Site

Trends banner

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

Israel PM arrives in Berlin for fresh pitch against Iran deal

Yair Lapid has led Israel's coalition government before Netanyahu was returned to power in elections last year. (AFP)
  • Israel has long opposed a revival of the 2015 accord, which has been moribund since then US president Donald Trump unilaterally withdrew in 2018
  • The 2015 agreement, known formally as the Joint Comprehensive Plan of Action (JCPOA) , gave Iran sanctions relief in return for restricting its nuclear programme.

BerlinGermany– Israeli Prime Minister Yair Lapid arrived in Germany on Sunday in his latest diplomatic effort to persuade Western powers to ditch their tattered nuclear deal with Iran.

Israel has long opposed a revival of the 2015 accord, which has been moribund since then US president Donald Trump unilaterally withdrew in 2018 and reimposed biting sanctions on Tehran.

Momentum that built towards a restored agreement last month appears to have slowed, after the three European nations party to the agreement Germany, France and Britain on Saturday raised “serious doubts” about Iran’s sincerity in restoring the deal.Meeting his cabinet before flying to Berlin, Lapid thanked the three countries for the “strong position” they had voiced in a tripartite statement on Saturday.

The European nations charged that Tehran “has chosen not to seize this critical diplomatic opportunity”, adding that “instead, Iran continues to escalate its nuclear programme way beyond any plausible civilian justification”. Iran’s foreign ministry criticised those comments as “unconstructive.”

Lapid told his cabinet that “Israel is conducting a successful diplomatic campaign to stop the nuclear agreement and prevent the lifting of sanctions on Iran.

“It is not over yet,” he added. “There is still a long way to go, but there are encouraging signs.”

A senior Israeli official told AFP: “Our understanding is that there will be no return to the JCPOA at least until mid-November. We are working with our partners to develop a new strategy.”

The official added: “It’s important to continue to coordinate positions and to influence the European position. Germany has an important role in this”.

Lapid is scheduled to meet Chancellor Olaf Scholz, Foreign Minister Annalena Baerbock and President Frank-Walter Steinmeier before returning to Israel late Monday.

The 2015 agreement, known formally as the Joint Comprehensive Plan of Action (JCPOA) , gave Iran sanctions relief in return for restricting its nuclear programme.

Negotiations underway in Vienna since April 2021 have sought to restore the agreement, by lifting the sanctions on Tehran and pushing Iran to fully honour its prior nuclear commitments.

Israel insists Iran would use revenue from sanctions relief to bolster allied groups capable of attacking Israelis, notably Lebanese Shiite group Hezbollah, and Hamas and Islamic Jihad, two key Palestinian militant organisations.

Last month, the European Union, which acts as the mediator of the nuclear talks, put forward a “final” draft of the agreement.

Iran and the US then took turns to respond to the text, with Washington saying on Friday that Tehran’s reply was a step “backwards”.

Lapid, whose late father survived the Holocaust, is also travelling with a delegation of survivors who will join him and Scholz on a visit to Wannsee, site of a 1942 conference where top Nazi officials finalised plans to send Jews to death camps.