Iran executes 16 prisoners in reprisal for Pakistan border killings



TEHRAN // Iran said it executed 16 “rebels” on Saturday in retaliation for gunmen killing at least 14 guards near the border with Pakistan.

The ambush happened overnight on Friday in the mountains of Sistan-Baluchestan, a province in south-eastern Iran.

The province is home to a large community of minority Sunnis, where drug traffickers and Sunni militants operate.

“Fourteen border guards were killed during armed clashes in the region of Saravan, and five others were wounded,” the official IRNA news agency reported, citing what it called an informed source.

The source identified the gunmen as “bandits or rebels opposed to the Islamic republic”.

But the deputy interior minister, Ali Abdollahi, said the guards were killed in an ambush set by Iranians who were “members of hostile groups”.

“Three soldiers have been taken hostage and taken to the other side of the border in Pakistan,” he said, adding Iran would “take measures to secure their release”.

In retaliation for the attack, the Iranian authorities said they hanged 16 “rebels” held at a prison in the region.

“Sixteen rebels linked to groups hostile to the regime were hanged this morning in the prison of Zahedan in response to the death of border guards in Saravan,” Mohammad Marzieh, attorney general of Sistan-Baluchestan, was quoted as saying by Fars news agency.

Mr Abdollahi said “we warned the rebel groups that any attack targeting civilians or members of the security forces would not go unanswered”.

He also called on the Pakistani government to “take measures to control the border more seriously”.

The region has seen deadly clashes during the past few years.

Officials say more than 4,000 police officers and soldiers have been killed there in three decades of fighting with drug traffickers.

Iran is a major transit route for drugs that originate in Afghanistan and are trafficked across its territory, much of them bound for Western countries.

People smugglers also use the route to traffic illegal immigrants to Europe, via Iran and Turkey.

Officials say Iran has spent millions of dollars to build a “wall” along lengthy stretches of its 1,700-kilometre eastern border with Afghanistan and Pakistan in a bid to stop the trafficking.

Work on the barrier began in the 1990s and is expected to be completed before the end of next year.

The Islamic republic says it is fighting a deadly war against drug traffickers who make up half of its prison population.

But Sunni militant group Jundallah, or Soldiers of God, has also launched attacks on civilians and officials in Sistan-Baluchestan, including a December 2010 suicide bombing in the city of Shabahar that killed 39 people.

The Iranian authorities hanged 11 suspected members of Jundallah at Zahedan prison in December 2010 in response to the bombing of the Shiite funeral procession in Shabahar.

Jundallah, whose leader Abdolmalek Rigi was hanged in June 2010, has been waging an insurgency in south-eastern Iran for almost a decade.

The group says it is fighting for the rights of the ethnic Sunni Baluchis who make up a significant part of the province’s population.

* Agence France-Presse

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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.”

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2004 Roger Federer

2005 Roger Federer

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2008 Rafael Nadal

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2013 Rafael Nadal

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2018 Novak Djokovic

2019 Rafael Nadal

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
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Director: Navdeep Singh

Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain

Rating: 2/5

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The specs
 
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Power: 398hp from 5,250rpm
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Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi

The specs: 2019 GMC Yukon Denali

Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm​​​​​​​
​​​​​​​Fuel economy, combined: 12.9L / 100km

bundesliga results

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Schalke 1 (Caligiuri pen 51') Bayer Leverkusen 1 (Miranda og 81')

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Uefa Champions League Group B

Tottenham Hotspur 1 (Eriksen 80')
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West Brom 2 Liverpool 2
West Brom: Livermore (79'), Rondón (88' ) 
Liverpool: Ings (4'), Salah (72') 

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
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Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

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The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians