Iranian supreme leader Ayatollah Ali Khamenei delivers an official endorsment letter to president elect Masoud Pezeshikan. EPA
Iranian supreme leader Ayatollah Ali Khamenei delivers an official endorsment letter to president elect Masoud Pezeshikan. EPA

Iran's Khamenei formally endorses Pezeshkian as president



Iran's supreme leader Ayatollah Ali Khamenei on Sunday formally endorsed Masoud Pezeshkian as the Islamic republic's ninth president, after he won a snap election earlier this month pledging reforms.

Mr Pezeshkian, a reformist who will be sworn in before parliament on Tuesday, is taking office at a time of heightened tension in the Middle East as fighting escalates between Israel and Iranian allies.

The endorsement ceremony, held in Tehran, was broadcast live on state television as banks and most government offices were shut to tackle a heatwave.

"I endorse his excellency Dr Masoud Pezeshkian as the president of the Islamic republic of Iran," said a decree by the supreme leader, read out by the director of his office.

Although a moderate, Mr Pezeshkian is not expected to bring about any radical shifts in foreign, domestic, or nuclear policy, as the supreme leader remains at the helm of all state affairs.

Foreign policy is not a matter decided by the Iranian president, but by Iran’s Islamic Revolutionary Guard Corps who answer to Mr Khamenei.

In his speech during the ceremony, Mr Khamenei reiterated Iran's anti-Israeli stance and praised Palestinian armed group Hamas for its resistance in Gaza.

Mr Pezeshkian vowed to adhere to the law and religious values, vowing that his administration will serve the people and "take no path but the path of justice and fairness".

Following the ceremony, acting president Mohammad Mokhber handed over to Mr Pezeshkian.

Mr Pezeshkian won a run-off race against ultraconservative Saeed Jalili on July 5 to replace president Ebrahim Raisi who died in a helicopter crash in May alongside other top officials.

Mr Raisi was a hardliner and his replacement has sparked hopes of a thaw in relations between Iran and the West, particularly with regards to nuclear issues.

During the ceremony, Mr Khamenei suggested he may be open to improving ties.

"We have no intention to oppose some European countries. The reason I did not mention European countries as a priority is that they have not treated us well for many years," he said.

If European countries did not "have this bad attitude" then mending ties "would be one of our priorities," he added.

Mr Khamenei stressed the importance of adopting an "active and effective" response to regional developments and that diplomacy should prioritise neighbouring countries.

He secured about 54 per cent of the 30 million ballots cast.

Later on Sunday, Mr Pezeshkian appointed reformist Mohammad Reza Aref, 72, as his first vice president, according to Iranian state media.

Mr Aref previously served as a vice president under former reformist President Mohammad Khatami from 2001 to 2005. The appointment marks the new president's first official act since assuming the position.

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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
SPECS
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England's all-time record goalscorers:
Wayne Rooney 53
Bobby Charlton 49
Gary Lineker 48
Jimmy Greaves 44
Michael Owen 40
Tom Finney 30
Nat Lofthouse 30
Alan Shearer 30
Viv Woodward 29
Frank Lampard 29

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.

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

RESULTS

1.45pm: Maiden Dh75,000 1,400m
Winner: Dirilis Ertugrul, Fabrice Veron (jockey), Ismail Mohammed (trainer)
2.15pm: Handicap Dh90,000 1,400m
Winner: Kidd Malibu, Sandro Paiva, Musabah Al Muhairi
2.45pm: Maiden Dh75,000 1,000m
Winner: Raakezz, Tadhg O’Shea, Nicholas Bachalard
3.15pm: Handicap Dh105,000 1,200m
Winner: Au Couer, Sean Kirrane, Satish Seemar
3.45pm: Maiden Dh75,000 1,600m
Winner: Rayig, Pat Dobbs, Doug Watson
4.15pm: Handicap Dh105,000 1,600m
Winner: Chiefdom, Royston Ffrench, Salem bin Ghadayer
4.45pm: Handicap Dh80,000 1,800m
Winner: King’s Shadow, Richard Mullen, Satish Seemar

SPECS
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RESULTS

6.30pm Handicap (TB) US$65,000 (Dirt) 1,400m

Winner Golden Goal, Pat Dobbs (jockey), Doug Watson (trainer)

7.05pm Dubai Racing Club Classic Listed Handicap (TB) $88,000 (Turf) 2,410m

Winner: Walton Street, William Buick, Charlie Appleby.

7.40pm Dubai Stakes Group 3 (TB) $130,000 (D) 1,200m

Winner Switzerland, Tadhg O’Shea, Satish Seemar

8.15pm Singspiel Stakes Group 3 (TB) $163,000 (T) 1,800m

Winner Lord Giltters, Adrie de Vries, David O’Meara

8.50pm Al Maktoum Challenge Round-1 (TB) $228,000 (D) 1,600m

Winner Military Law, Antonio Fresu, Musabah Al Muhairi.

9.25pm Al Fahidi Fort Group 2 (TB) $163,000 (T) 1,400m

Winner Land Of Legends, Frankie Dettori, Saeed bin Suroor

10pm Dubai Dash Listed Handicap (TB) $88,000 (T) 1,000m

Winner Equilateral, Frankie Dettori, Charles Hills.

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The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

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Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

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UAE currency: the story behind the money in your pockets
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Updated: July 28, 2024, 2:16 PM