Women travel on a bus in Tehran, Iran. Coronavirus infections have surged in the country in recent weeks. Photo: EPA
Women travel on a bus in Tehran, Iran. Coronavirus infections have surged in the country in recent weeks. Photo: EPA
Women travel on a bus in Tehran, Iran. Coronavirus infections have surged in the country in recent weeks. Photo: EPA
Women travel on a bus in Tehran, Iran. Coronavirus infections have surged in the country in recent weeks. Photo: EPA

Iran imposes two-week travel ban to contain Omicron


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Iran on Saturday announced a two-week travel ban to contain a surge in Covid-19 infections driven by the Omicron variant.

Immigration authorities said Iran would remain closed to travel by air for 15 days from December 25.

A decree was issued by the National Task Force for Fighting Coronavirus.

Iranian citizens living in neighbouring countries can enter the country by land routes if they have received at least two doses of a Covid-19 vaccine and possess a negative PCR test card, the Islamic Republic News Agency said. They will need to take another PCR test at the border.

Rouhollah Latifi, a customs representative, said the restrictions will not apply to passengers travelling on health visas, for study or trade purposes, or people who have permanent residency permits.

Freight travel through land borders will continue in the meantime.

The new travel measures come as Iran struggles to prevent a surge in Omicron infections, amid efforts by the government to get more people vaccinated against the disease.

  • A man walks next to buildings where people stay home in Tehran, Iran on March 26, 2020. WANA / Reuters
    A man walks next to buildings where people stay home in Tehran, Iran on March 26, 2020. WANA / Reuters
  • A member of Iranian Red Crescent tests people with possible coronavirus Covid-19 symptoms, as police blocked Tehran to Alborz highway. AFP
    A member of Iranian Red Crescent tests people with possible coronavirus Covid-19 symptoms, as police blocked Tehran to Alborz highway. AFP
  • A member of Iranian Red Crescent tests passengers of a bus for possible coronavirus Covid-19 symptoms, as police blocked Tehran to Alborz highway. EPA
    A member of Iranian Red Crescent tests passengers of a bus for possible coronavirus Covid-19 symptoms, as police blocked Tehran to Alborz highway. EPA
  • A member of Iranian Red Crescent tests people with possible coronavirus Covid-19 symptoms, as police blocked Tehran to Alborz highway. AFP
    A member of Iranian Red Crescent tests people with possible coronavirus Covid-19 symptoms, as police blocked Tehran to Alborz highway. AFP
  • Iranian Red Crescents personnel rest in a tent. EPA
    Iranian Red Crescents personnel rest in a tent. EPA
  • Members of Iranian Red Crescent get themselves disinfected after testing people for possible coronavirus Covid-19 symptoms. EPA
    Members of Iranian Red Crescent get themselves disinfected after testing people for possible coronavirus Covid-19 symptoms. EPA
  • A man jumps rope at Valiasr street in Tehran. WANA / Reuters
    A man jumps rope at Valiasr street in Tehran. WANA / Reuters
  • An Iranian army soldier walks past rows of beds at a temporary 2,000-bed hospital for COVID-19 coronavirus patients set up by the army at the international exhibition center in northern Tehran. AP Photo
    An Iranian army soldier walks past rows of beds at a temporary 2,000-bed hospital for COVID-19 coronavirus patients set up by the army at the international exhibition center in northern Tehran. AP Photo
  • People in protective clothing work in a temporary 2,000-bed hospital for COVID-19 coronavirus patients set up by the Iranian army. AP Photo
    People in protective clothing work in a temporary 2,000-bed hospital for COVID-19 coronavirus patients set up by the Iranian army. AP Photo
  • A person in protective clothing walks through a temporary 2,000-bed hospital for COVID-19 coronavirus patients. AP Photo
    A person in protective clothing walks through a temporary 2,000-bed hospital for COVID-19 coronavirus patients. AP Photo
  • A member of the Iranian Army works at a temporary hospital in Tehran. AP Photo
    A member of the Iranian Army works at a temporary hospital in Tehran. AP Photo
  • A statue wearing a protective face mask is pictured at Azadi square, in Tehran. WANA / Reuters
    A statue wearing a protective face mask is pictured at Azadi square, in Tehran. WANA / Reuters
  • Iranian workers set a temporary emergency hospital in a part of the world's largest shopping mall complex called 'Iran Mall'. EPA
    Iranian workers set a temporary emergency hospital in a part of the world's largest shopping mall complex called 'Iran Mall'. EPA
  • The facility is to treat patients infected with the COVID-19 disease, caused by the SARS-CoV-2 coronavirus, in north-west of the capital of Tehran. EPA
    The facility is to treat patients infected with the COVID-19 disease, caused by the SARS-CoV-2 coronavirus, in north-west of the capital of Tehran. EPA
  • According to the latest report by the Ministry of Health, there are at least 21,638 confirmed cases of coronavirus infections and 1,685 people have died from the virus throughout Iran. EPA
    According to the latest report by the Ministry of Health, there are at least 21,638 confirmed cases of coronavirus infections and 1,685 people have died from the virus throughout Iran. EPA
  • An Iranian woman health inspector checks a temporary emergency hospital in 'Iran Mall'. EPA
    An Iranian woman health inspector checks a temporary emergency hospital in 'Iran Mall'. EPA
  • A general view of a temporary emergency hospital in a part of the world's largest shopping mall complex called 'Iran Mall'. EPA
    A general view of a temporary emergency hospital in a part of the world's largest shopping mall complex called 'Iran Mall'. EPA
  • Iranian workers set up a makeshift hospital inside the Iran Mall, northwest of Tehran. AFP
    Iranian workers set up a makeshift hospital inside the Iran Mall, northwest of Tehran. AFP
  • Iran is one of the countries most affected by the devastating pandemic of the coronavirus. EPA
    Iran is one of the countries most affected by the devastating pandemic of the coronavirus. EPA
  • Iran said that 123 more people had died from coronavirus, raising the official death toll to 1,556 in the Islamic Republic, one of the world's worst affected countries. AFP
    Iran said that 123 more people had died from coronavirus, raising the official death toll to 1,556 in the Islamic Republic, one of the world's worst affected countries. AFP
  • Altogether, more than half of the 18 Iraqi provinces announced curfews for several days in the hopes it could contain the new coronavirus outbreak. AFP
    Altogether, more than half of the 18 Iraqi provinces announced curfews for several days in the hopes it could contain the new coronavirus outbreak. AFP

Health Minister Bahram Einollahi said on Saturday that the rapid spread of Omicron may pose serious threats to the country.

He emphasised that few cases of the variant had been identified.

Mr Einollahi said that Iran has two “golden weeks” to expand booster vaccination coverage to more people to prevent a potential explosion in the number of infections with Omicron in early January.

Health ministry figures published on Saturday showed that booster vaccine shots delivered across Iran had reached nearly 5.5 million doses.

The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon

Fixtures

50-over match

UAE v Lancashire, starts at 10am

Champion County match

MCC v Surrey, four-day match, starting on Sunday, March 24, play starts at 10am

Both matches are at ICC Academy, Dubai Sports City. Admission is free.

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

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.”

Playing records of the top 10 in 2017

How many games the top 10 have undertaken in the 2017 ATP season

1. Rafael Nadal 58 (49-9)

2. Andy Murray 35 (25-10)

3. Roger Federer 38 (35-3)

4. Stan Wawrinka 37 (26-11)

5. Novak Djokovic 40 (32-8)

6. Alexander Zverev 60 (46-14)

7. Marin Cilic 43 (29-14)

8. Dominic Thiem 60 (41-19)

9. Grigor Dimitrov 48 (34-14)

10. Kei Nishikori 43 (30-13)

Liverpool 4-1 Shrewsbury

Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')

Shrewsbury
Udoh (27'minutes)

Man of the Match: Kaide Gordon (Liverpool)

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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

THE LIGHT

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Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

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The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The biog

Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates

Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.

Favourite pastime: travelling and experiencing different cultures across the globe.

Favourite quote: “In the future, there will be no female leaders. There will just be leaders” - Sheryl Sandberg, COO of Facebook.

Favourite Movie: Mona Lisa Smile 

Favourite Author: Kahlil Gibran

Favourite Artist: Meryl Streep

Baby Driver

Director: Edgar Wright

Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James

Three and a half stars

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

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The five pillars of Islam
Updated: December 26, 2021, 9:32 AM