INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran begins production at centrifuge component workshop

The International Atomic Energy Agency (IAEA) chief set for an urgent visit to Tehran to discuss its nuclear program following Israeli threats to target Iran's facilities (AFP)
  • The new workshop replaces a nuclear facility in Karaj, near Tehran, after an attack there last year, which Iran said was an act of sabotage
  • World powers are negotiating to revive a 2015 landmark agreement to rein in Iran's nuclear activities in exchange for sanctions relief

Iran has started making components for machines used to enrich uranium at a new workshop in Natanz, the country’s main nuclear site, the UN atomic watchdog said Thursday.

The new workshop replaces a nuclear facility in Karaj, near Tehran, after an attack there last year, which Iran said was an act of sabotage.

On Tuesday, the International Atomic Energy Agency (IAEA) completed installing surveillance cameras at the new site and removed the seals from the machines to produce components of centrifuges, equipment used to enrich uranium.

“On April 13, Iran informed the agency that the machines would start operating at the new workshop the same day,” Director General Rafael Grossi said in his latest report on the Islamic republic’s nuclear program seen by AFP.

World powers are negotiating to revive a 2015 landmark agreement to rein in Iran’s nuclear activities in exchange for sanctions relief.

The accord started to unravel in 2018 when then US president Donald Trump left the deal and re-instated sanctions, leading Iran to in turn step up its nuclear program again.

Negotiations to return to the 2015 agreement started early last year. Negotiators say they are close to a conclusion, but have not manage to finalize all points yet.

Since last year, Iran has not allowed the IAEA to actively use its surveillance cameras. Instead, Tehran is storing the recordings while negotiations are ongoing.