A portrait of Iraq's Ayatollah Ali Al Sistani on a street. Photo: AFP
A portrait of Iraq's Ayatollah Ali Al Sistani on a street. Photo: AFP
A portrait of Iraq's Ayatollah Ali Al Sistani on a street. Photo: AFP
A portrait of Iraq's Ayatollah Ali Al Sistani on a street. Photo: AFP

Iraq’s Grand Ayatollah Al Sistani urges voters to turn out for key election


Mina Aldroubi
  • English
  • Arabic

Iraq’s top Shiite cleric Ayatollah Ali Al Sistani on Wednesday called on the public to head to the polls on October 10 and vote for a new government.

The country will hold early elections – a key demand of the protesters who have taken to the streets since October 2019 – which will allow the politician who secures the most support from parliamentary blocs to form a government.

“The supreme religious authority encourages everyone to participate consciously and responsibly in the coming elections,” said Mr Al Sistani’s office.

“Although it is not without some shortcomings, it remains the best way to achieve a peaceful future and avoids the risk of falling into chaos and political obstruction,” it said.

Mr Al Sistani does not make public appearances and typically issues a weekly Friday sermon through a representative. He is Iraq’s most influential Shiite cleric and has given significant support to the country’s protest movement.

Iraqi President Barham Salih supported Mr Al Sistani’s statement, saying the elections were critical for the country's future.

“There is need for broad participation to fix the flaws in governance and move towards the desired reform,” said Mr Salih.

  • A banner for a candidate is seen in Iraq's second city of Mosul. Iraq's elections will go ahead as planned on October 10, officials say. AFP
    A banner for a candidate is seen in Iraq's second city of Mosul. Iraq's elections will go ahead as planned on October 10, officials say. AFP
  • A woman holds a flag of the Huquq electoral list during a campaign rally in Baghdad. AFP
    A woman holds a flag of the Huquq electoral list during a campaign rally in Baghdad. AFP
  • A banner for a candidate installed on a rooftop in Mosul. AFP
    A banner for a candidate installed on a rooftop in Mosul. AFP
  • Abu Ali Al Askari, right, spokesman of Iraqi Kataeb Hezbollah, during a campaign rally in Baghdad. AFP
    Abu Ali Al Askari, right, spokesman of Iraqi Kataeb Hezbollah, during a campaign rally in Baghdad. AFP
  • Experts are predicting a muted turnout in the October vote because of distrust in the country’s electoral system. AFP
    Experts are predicting a muted turnout in the October vote because of distrust in the country’s electoral system. AFP
  • Candidates of the Huquq electoral list during a campaign rally in Baghdad. AFP
    Candidates of the Huquq electoral list during a campaign rally in Baghdad. AFP
  • A woman holds a flag of the Huquq electoral list during a campaign rally in Baghdad. AFP
    A woman holds a flag of the Huquq electoral list during a campaign rally in Baghdad. AFP
  • Workers prepare to transport campaign banners in Iraq's southern port city of Basra, ahead of the upcoming parliamentary elections. AFP
    Workers prepare to transport campaign banners in Iraq's southern port city of Basra, ahead of the upcoming parliamentary elections. AFP
  • Workers prepare campaign banners in Iraq's southern port city of Basra ahead of the upcoming parliamentary elections. AFP
    Workers prepare campaign banners in Iraq's southern port city of Basra ahead of the upcoming parliamentary elections. AFP
  • A worker prepares a campaign poster in Iraq's southern port city of Basra on September 12, 2021, ahead of the upcoming parliamentary elections. (Photo by Hussein FALEH / AFP)
    A worker prepares a campaign poster in Iraq's southern port city of Basra on September 12, 2021, ahead of the upcoming parliamentary elections. (Photo by Hussein FALEH / AFP)
  • A worker walks by a campaign banner at a workshop in Iraq's southern port city of Basra on, ahead of the upcoming parliamentary elections. AFP
    A worker walks by a campaign banner at a workshop in Iraq's southern port city of Basra on, ahead of the upcoming parliamentary elections. AFP
  • Workers prepare to transport campaign banners in Iraq's southern port city of Basra, ahead of the upcoming parliamentary elections. AFP
    Workers prepare to transport campaign banners in Iraq's southern port city of Basra, ahead of the upcoming parliamentary elections. AFP
  • Iraqis pass by-election campaign posters for Iraqi candidates at a street in Fallujah city, 60 kilometres west of Baghdad, Iraq. The Special Representative for the United Nations Assistance Mission for Iraq, Jeanine Antoinette Hennis-Plasschaert, announced on 07 September 2021, that a group of 130 international experts and around 600 supporting staff will be monitoring Iraq’s upcoming elections. EPA
    Iraqis pass by-election campaign posters for Iraqi candidates at a street in Fallujah city, 60 kilometres west of Baghdad, Iraq. The Special Representative for the United Nations Assistance Mission for Iraq, Jeanine Antoinette Hennis-Plasschaert, announced on 07 September 2021, that a group of 130 international experts and around 600 supporting staff will be monitoring Iraq’s upcoming elections. EPA
  • The Special Representative for the United Nations Assistance Mission for Iraq, Jeanine Antoinette Hennis-Plasschaert, speaks during a press conference in Baghdad, Iraq. A group of 130 international experts and around 600 supporting staff will be monitoring Iraq’s upcoming elections, Plasschaert said during the press conference. EPA
    The Special Representative for the United Nations Assistance Mission for Iraq, Jeanine Antoinette Hennis-Plasschaert, speaks during a press conference in Baghdad, Iraq. A group of 130 international experts and around 600 supporting staff will be monitoring Iraq’s upcoming elections, Plasschaert said during the press conference. EPA

Prime Minister Mustafa Al Kadhimi also backed Mr Al Sistani's words and said his government would protect the electoral process.

"We call on candidates to abide by the law and regulations, and voters to participate broadly and choose well," he said.

The statement by Mr Al Sistani could increase the turnout, which is crucial in this election, Harith Hasan, a Senior Fellow-Carnegie Middle East Centre said on Twitter.

“The statement said the election should be held without the impact of illegal arms or foreign intervention,” Mr Hasan said.

Mr Al Kadhimi pledged to hold early elections next June when he assumed office in May.

The vote was originally scheduled to take place in May, 2022.

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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Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
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Favourite place to visit: Dubai, there’s no place like home

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Spending an excessive amount of time on the phone.

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Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

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Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

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Updated: September 29, 2021, 5:35 PM