Mousavi reaches out to the world



On Monday, the Iranian opposition leader, Mir Hossein Mousavi, through his Facebook page, called for global solidarity demonstrations on Thursday 'for the martyrs that have been lost so far in our fight for justice.' While the US president Barack Obama is under pressure from conservative critics to speak out more forcefully on the turmoil in Iran, he is winning praise from Iranians who strongly oppose foreign intervention. Noting that protesters have now been photographed in Iran, holding aloft images of Mir Hossein Mousavi along side the democratically-elected former prime minister Muhammad Mossadeq, Stephen Kinzer wrote: "Centuries of intervention, humiliation and subjugation at the hand of foreign powers have decisively shaped Iran's collective psyche. The most famous victim of this intervention - and also the most vivid symbol of Iran's long struggle for democracy - is Mossadeq. Whenever Iranians assert their desire to shape their own fate, his image appears... "Carrying a picture of Mossadeq today means two things: 'We want democracy' and 'No foreign intervention'. These demands fit together in the minds of most Iranians. Desperate as they are for the political freedom their parents and grandparents enjoyed in the early 1950s, they have no illusion that foreigners can bring it to them. In fact, foreign intervention has brought them nothing but misery. "The US sowed the seeds of repression in Iran by deposing Mossadeq in 1953, and then helped bathe Iran in blood by giving Saddam Hussein generous military aid during the Iran-Iraq war of the 1980s. Militants in Washington who now want the US to intervene on behalf of Iranian protesters either are unaware of this history or delude themselves into thinking that Iranians have forgotten it. Some of them, in fact, are the same people who were demanding just last year that the US bomb Iran - an act which would have killed many of the brave young protesters they now hold up as heroes. "America's moral authority in Iran is all but non-existent. To the idea that the US should jump into the Tehran fray and help bring democracy to Iran, many Iranians would roll their eyes and say: 'We had a democracy here until you came in and crushed it!' "President Barack Obama seems to grasp this reality." The Huffington Post received a message from an 'ordinary Tehrani - the message was forwarded to an Iran-focused listserv in the hopes that it would find its way to officials in the American government. "During the last two or three decades not one American president had 'understood' Iran. All of them got caught in the traps of the mullahs, despite themselves having to play the bad cop .. but this time the intelligent president has decided not to join in their game, bravo. "It is normal that he is criticised vividly by most of the Los Angeles Iranians (and by most Republicans): since a long time they have been asking for just one thing : that America attack Iran and change the regime so that they get their possessions and their former jobs and privileges back, without wanting to know what today's young Iranian wants here and now. It makes me think of the Cubans in Florida ... they don't consider the interests of their country but only what is due to them." Trita Parsi, president of the National Iranian American Council said: "the Iranians are missing two words from Obama: 'I condemn.' Protesters and political leaders I've spoken to in Iran want the US to speak out forcefully against the government's human rights abuses and condemn the violence. Philosophical formulations about respecting the wishes of the Iranian people aren't enough: The president should clearly condemn the Iranian government's violations and use of brutal force against its own people. "After all, condemning violence is different from taking sides in Iran's election dispute. Not only would it be compatible with American values, it would also reduce pressure on the president to entangle the US in Iranian politics. Clarity on the human rights front strengthens the president's ability to avoid siding with any political faction in Iran. "Second, few in the US debate have taken note that Obama's pro-engagement, anticonfrontation approach may have directly contributed to the developments in Iran. President George W Bush sought to destabilise and bring about regime change in Iran for eight years through isolation, threats, and financial support for anti-Tehran groups. For all its labours, the Bush administration failed. The Iranian elite closed ranks, and hard-liners used the perceived threat from the US to clamp down on human rights defenders and pro-democracy activists. "Obama's diplomatic outreach and removal of this threat perception has not necessarily created fissures among the Iranian elite in and of itself, but it has weakened the glue that created unity among Iran's many political factions." Meanwhile, reporting on the political wrangling taking place at the highest levels inside Iran, EurasiaNet said: "A source familiar with the thinking of decision-makers in state agencies that have strong ties to Supreme Leader Ayatollah Ali Khamenei said there is a sense among hardliners that a shoe is about to drop. Ali Akbar Hashemi Rafsanjani - Iran's savviest political operator and an arch-enemy of Ayatollah Khamenei's - has kept out of the public spotlight since the rigged June 12 presidential election triggered the political crisis. The widespread belief is that Rafsanjani has been in the holy city of Qom, working to assemble a religious and political coalition to topple the supreme leader and President Mahmoud Ahmadinejad. " 'There is great apprehension among people in the supreme leader's [camp] about what Rafsanjani may pull,' said a source in Tehran who is familiar with hardliner thinking. 'They [the supreme leader and his supporters] are much more concerned about Rafsanjani than the mass movement on the streets.' "Ayatollah Khamenei now has a very big image problem among influential Shi'a clergymen. Over the course of the political crisis, stretching back to the days leading up to the election, Rafsanjani has succeeded in knocking the supreme leader off his pedestal by revealing Ayatollah Khamenei to be a political partisan rather than an above-the-fray spiritual leader. In other words, the supreme leader has become a divider, not a uniter. "Now that Ayatollah Khamenei has become inexorably connected to Ahmadinejad's power grab, many clerics are coming around to the idea that the current system needs to be changed. Among those who are now believed to be arrayed against Ayatollah Khamenei is Grand Ayatollah Ali al-Sistani, the top Shi'a cleric in neighbouring Iraq. Rafsanjani is known to have met with Grand Ayatollah al-Sistani's representative in Iran, Javad Shahrestani. "A reformist website, Rooyeh, reported that Rafsanjani already had the support of nearly a majority of the Assembly of Experts, a body that constitutionally has the power to remove Ayatollah Khamenei. The report also indicated that Rafsanjani's lobbying efforts were continuing to bring more clerics over to his side. Rafsanjani's aim, the website added, is the establishment of a leadership council, comprising of three or more top religious leaders, to replace the institution of supreme leader. Shortly after it posted the report on Rafsanjani's efforts to establish a new collective leadership, government officials pulled the plug on Rooyeh."

pwoodward@thenational.ae

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

SERIES INFO

Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series

All matches at the Zayed Cricket Stadium, Abu Dhabi

Test series

1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March

Play starts at 9.30am

T20 series

1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March

TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube

Company%20profile
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Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

The specs

Engine: 3.8-litre V6

Power: 295hp at 6,000rpm

Torque: 355Nm at 5,200rpm

Transmission: 8-speed auto

Fuel consumption: 10.7L/100km

Price: Dh179,999-plus

On sale: now 

Dolittle

Director: Stephen Gaghan

Stars: Robert Downey Jr, Michael Sheen

One-and-a-half out of five stars

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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

if you go

The flights
Fly direct to Kutaisi with Flydubai from Dh925 return, including taxes. The flight takes 3.5 hours. From there, Svaneti is a four-hour drive. The driving time from Tbilisi is eight hours.
The trip
The cost of the Svaneti trip is US$2,000 (Dh7,345) for 10 days, including food, guiding, accommodation and transfers from and to ­Tbilisi or Kutaisi. This summer the TCT is also offering a 5-day hike in Armenia for $1,200 (Dh4,407) per person. For further information, visit www.transcaucasiantrail.org/en/hike/

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Company%20Profile
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The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
FULL%20FIGHT%20CARD
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Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')

Southampton 0


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