Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Iran says ‘optimistic’ after European Union proposal for nuclear deal

Judges in March rejected Iran's bid to free nearly $2 billion in central bank assets. (AFP)
  • The comment comes after EU foreign policy chief and coordinator of the nuclear talks between Iran and world powers, Josep Borrell, last Tuesday submitted a new draft text.
  • Negotiations in Vienna began in April 2021 to restore the deal, but have stalled since March amid differences between Tehran and Washington on several issues.

Iran said Monday it remains “optimistic” about a possible revival of the 2015 nuclear deal after the European Union tabled a proposal aiming for a compromise in the talks stalled since March.

“We remain optimistic that the negotiation process will lead us to a logical and reasonable outcome,” foreign ministry spokesman Nasser Kanani said at his weekly news conference.

The comment comes after EU foreign policy chief and coordinator of the nuclear talks between Iran and world powers, Josep Borrell, last Tuesday submitted a new draft text and urged the different sides of the negotiations to accept it or “risk a dangerous nuclear crisis”.

Negotiations in Vienna began in April 2021 to restore the deal, but have stalled since March amid differences between Tehran and Washington on several issues.

The two sides negotiated indirectly through the European Union coordinator in a bid to bring the US back into the deal and to lift sanctions on Iran, on the basis that Tehran would return to its nuclear commitments.

Qatar hosted indirect talks end of June between the United States and Iran in a bid to get the Vienna process back on track, but those discussions broke up after two days without any breakthrough.

Borrell said the draft text includes “hard-won compromises by all sides” and “addresses, in precise detail, the sanctions lifting as well as the nuclear steps needed to restore” the 2015 pact.

“The Iranian side has carefully reviewed the text and presented its views,” Kanani said. “It is possible that in the near future we can reach a conclusion regarding the timetable for the negotiations.”

“We will probably see a new round of negotiations,” Kanani added, but noted that “it depends entirely on the willingness of the other side, especially the American side.”

The 2015 agreement gave Iran sanctions relief in exchange for curbs on its atomic programme to guarantee that it could not develop a nuclear weapon — something it has always denied seeking.

But the US unilateral withdrawal from the accord in 2018 under then-president Donald Trump and Washington’s reimposition of biting economic sanctions prompted Iran to begin rolling back on its own commitments.

Washington “must show that it is ready for a reasonable, logical and lasting agreement”, Kanani said.