Britain denounced Iran yesterday for blocking a website launched just days ago by London to "reach out" to ordinary Iranians following the closing of the British embassy in Tehran three months ago.
"I condemn this action by the Iranian government," Britain's foreign secretary, William Hague, said. "We have no quarrel with the Iranian people and regret that the Iranian authorities fear their own citizens' interaction and involvement with the outside world."
Iranian hardliners had branded the website an illegal attempt by the "old colonial fox" to stir up trouble. Kayhan, a hardline daily, proclaimed on Saturday that Britain had moved its "espionage centre" to cyberspace after withdrawing its diplomats from Tehran.
As well as new Facebook, Twitter and Google+ accounts, the "UK for Iranians" website was designed to provide information about Britain and its policies towards Iran.
It also gave practical advice on how to get visas to Britain and encouraged feedback from Iranians.
Relations between London and Tehran, always tense, hit new lows when Iranian rioters, including members of a state-sponsored militia, stormed and looted Britain's two diplomatic compounds in the Iranian capital last November. Embassy staff fled with little more than the clothes they wore.
The Iranian authorities portrayed the violent embassy siege as a spontaneous protest by ordinary Iranians angered by Britain pushing for tighter sanctions to curb Iran's nuclear drive.
The two countries still have diplomatic relations, but these are at their lowest level for many years.
The "UK for Iranians" website ridicules "silly" Iranian propaganda about Britain, such as claims by the semi-official Fars news agency in December that Queen Elizabeth II begged Iran to restore relations.
It also pokes fun at the bizarre assertion by Iran's president Mahmoud Ahmadinejad in April 2010 that "England is a tiny island west of Africa". British residents, the website notes drily, "have not yet noticed that their country has shifted approximately 3,000km to the south-west".
But more serious Iranian accusations are addressed in earnest. The website robustly denies that Britain encourages terrorist activity in Iran or was responsible for the assassination of nuclear scientists in Tehran. Nor, it insists, did Britain incite the mass street protests ignited by President Mahmoud Ahmadinejad's disputed re-election in 2009.
"Perfidious Albion" has a special place in Iran's colourful lexicon of political demonology. Britain is vilified as a scheming "little Satan" that pulls the strings of the "Great Satan" America, which is viewed as a superpower with more brawn but fewer brains than its "duplicitous" Anglo-Saxon ally.
The BBC's Persian service is regularly blocked in Iran, and the broadcaster has accused Iran of harassing staff through slander, snooping and the arrest of their relatives.
In its annual report last week the press freedom advocacy group, Reporters Without Borders, ranked Iran the No. 1 enemy of the internet in 2012. That coincided with a decree by Iran's supreme leader, Ayatollah Ali Khamenei, to establish a body to oversee censorship of the internet.
The Supreme Council of Cyberspace includes the president, heads of intelligence, media chiefs and the powerful Revolutionary Guards, which established a "cyber army in 2010 to combat "destructive" networks.
Mr Hague said: "We will continue to look for opportunities to engage with the Iranian people, confident that Iranians are outward looking and deserve the same freedoms that others enjoy around the world."
mtheodoublou@thenational.ae
What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
Company%20Profile
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Read more about the coronavirus
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
COMPANY%20PROFILE
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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.
COMPANY%20PROFILE
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Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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.”
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Story%20behind%20the%20UAE%20flag
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