• Followers of Moqtada Al Sadr have expanded their sit-in to the Supreme Judiciary Council building inside the Green Zone in Baghdad. All photos: Sadrist Media Office
    Followers of Moqtada Al Sadr have expanded their sit-in to the Supreme Judiciary Council building inside the Green Zone in Baghdad. All photos: Sadrist Media Office
  • The Iraqi capital’s heavily fortified Green Zone was last month stormed by Mr Al Sadr’s supporters, who occupied the parliament building and staged a sit-in.
    The Iraqi capital’s heavily fortified Green Zone was last month stormed by Mr Al Sadr’s supporters, who occupied the parliament building and staged a sit-in.
  • The continuing protests come amid a 10-month political impasse over forming a new government in Iraq.
    The continuing protests come amid a 10-month political impasse over forming a new government in Iraq.
  • The Shiite cleric’s supporters have set up tents outside the headquarters of Iraq’s top judicial body.
    The Shiite cleric’s supporters have set up tents outside the headquarters of Iraq’s top judicial body.
  • They are demanding the dissolution of the Iraqi Parliament and an end to corruption.
    They are demanding the dissolution of the Iraqi Parliament and an end to corruption.
  • Demonstrators gathered in front of the Supreme Judicial Council early on Tuesday.
    Demonstrators gathered in front of the Supreme Judicial Council early on Tuesday.
  • The now expanded sit-in has made it impossible for politicians to convene and proceed with the formation of a new government.
    The now expanded sit-in has made it impossible for politicians to convene and proceed with the formation of a new government.
  • The political deadlock that has engulfed Iraq looks set to continue.
    The political deadlock that has engulfed Iraq looks set to continue.

Iraqi cleric Al Sadr calls on rivals to stand aside in new election


  • English
  • Arabic

Iraq's powerful nationalist Shiite cleric Moqtada Al Sadr has said existing political parties, including his own, would not be able to partake in new elections which have been proposed as a way to resolve a months-long political crisis.

Iraq has been gripped by political deadlock since October’s national elections, despite Mr Al Sadr's bloc winning 73 seats — the plurality in the 329-member assembly.

“All parties and figures who have been part of the political process from the American occupation in 2003 until now no longer participate", Mr Al Sadr said in a Twitter post on Saturday, in reference to proposed elections.

"That includes the Sadrist movement."

Mr Al Sadr's rival bloc, the Co-ordination Framework ― a coalition of mainly Iran-backed parties that includes the cleric's arch rival, former prime minister Nouri Al Maliki, released a statement on Sunday rejecting his proposal.

Co-ordination Framework spokesman Ayed Al Hilali said his coalition would not be blocked from politics and warned such a move would only worsen "conflict."

Iraq has witnessed relative stability since the Islamic State group was largely defeated in the country in 2017. But the latest political stand-off has raised fears of a new war, this time between heavily armed militia groups loyal to Mr Al Sadr, and those linked to the Co-ordination Framework, some of whom have been equipped and trained by Iran.

Mr Al Sadr pulled his MPs from Parliament in June, protesting against a series of legal challenges to his attempts to form a government.

Under Iraq’s constitution, a new president must be elected by Parliament following national elections. The president then nominates the largest bloc — which would have been Mr Al Sadr’s. The largest bloc then chooses a prime minister, who forms a Cabinet.

But the Co-ordination Framework blocked this process.

Legal challenges, boycotts of parliamentary votes and — Mr Al Sadr alleges — assassination attempts on his Sunni and Kurdish allies, have all been launched by the Co-ordination Framework to derail government formation.

Analysts say militias linked to the Co-ordination Framework have been responsible for assassination attempts on Mr Al Sadr’s former political allies in the Kurdish Democratic Party and leading Sunni party Taqqadum.

In January, Taqqadum’s leader and Parliament speaker Mohammed Halbousi was attacked in a rocket attack on his home in Anbar and a hand grenade attack on his party’s office in Baghdad.

After asking his MPs to resign, Mr Al Sadr’s supporters have since occupied the area around Parliament in the country’s seat of government, the Green Zone.

Mr Al Sadr has been calling for Parliament to be dissolved and for new elections. However, on Saturday, the cleric said doing so was not "so important," stressing that his main demand was for the main post-2003 parties to abstain from future elections.

This would leave only a handful of small new parties, some of which are linked to a national protest movement that began in October 2019, to compete for seats.

"I am ready to sign an agreement to this effect within 72 hours," he said, warning that without such a move, "there would no longer be any more room for reforms." He did not indicate who he expected would lead a future government.

On Tuesday, Mr Al Sadr’s supporters also pitched tents outside the judicial body's headquarters in Baghdad for several hours.

The Co-ordination Framework want a new head of government to be appointed before any new polls are held.

Caretaker Prime Minister Mustafa Al Kadhimi earlier this month convened crisis talks with party leaders, but they were boycotted by the Sadrists.

Mr Al Kadhimi issued a warning on Saturday that the political crisis in the country was threatening security achievements made in past years.

“This political crisis threatens the security achievements and the nation’s stability,” Mr Kadhimi said, in a speech marking the Islamic Day of Combating Violence against Women in Baghdad.

“Now, the solution is for all political parties to make concessions for the interests of Iraq and Iraqis."

Last week, Mr Al Kadhimi called for a meeting of senior political leaders and party representatives to find a solution. He gave a warning that if “fighting erupts, the shootings will not stop and will remain for years".

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Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

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50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

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Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v Kalisto

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  • Give young children plain yoghurt with whole fruits mashed into it
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  • Make your own smoothies. Always use the whole fruit to maintain the benefit of its fibre content and don’t add any sweeteners
  • Always go for natural whole foods over processed, packaged foods. Ask yourself would your grandmother have eaten it?
  • Read food labels if you really do feel the need to buy processed food
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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.”

Essentials

The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes. 
 

Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes. 


In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes. 
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.

Updated: August 28, 2022, 2:52 PM