A protester carries the portrait of Mahsa Amini during a demonstration near the Iranian embassy in Paris in May. EPA
A protester carries the portrait of Mahsa Amini during a demonstration near the Iranian embassy in Paris in May. EPA
A protester carries the portrait of Mahsa Amini during a demonstration near the Iranian embassy in Paris in May. EPA
A protester carries the portrait of Mahsa Amini during a demonstration near the Iranian embassy in Paris in May. EPA

Kurds in Iran strike as authorities try to move Mahsa Amini's grave


Holly Johnston
  • English
  • Arabic

Kurds in Mahsa Amini's hometown of Saqqez went on strike after Iranian authorities renewed attempts to move her grave, relatives have confirmed to The National.

Human rights groups reported a general strike in the city on Tuesday, with footage of local businesses shuttered as residents protest against moves to desecrate and move the tomb of the young woman, whose death in police custody triggered a months-long protest movement.

Hundreds were killed by security forces when Iran was rocked by the protests last autumn, the biggest challenge to Tehran's regime in recent years.

While demonstrations have subsided, protesters and families of the deceased continue to report harassment from security forces, including the disturbing of their loved ones' final resting places.

“In the past few days, the Saqqez municipality wanted to move Zhina's grave and hide it from the public,” Erfan Mortazaei, a cousin of Ms Amini, told The National, using her Kurdish given name.

A strike was held today after families of killed protesters were arrested at the cemetery on Friday, he confirmed.

Children were detained and taken to unknown locations after the arrest of many families from across Kurdish areas in Iran, who had flocked to the Aichi cemetery in support of Ms Amini's family, human rights activists told Farsi news outlets.

Thirty people were arrested upon returning to Saqqez from the site of her grave, including relatives of people killed in the protests sparked by her death in September.

Ms Amini's headstone has been vandalised twice by authorities, with the latest incident taking place two weeks ago, Mr Mortazaei said.

The young woman became the face of the protest movement following her death in morality police custody. She was detained in the capital Tehran in September for allegedly flouting Iran's strict dress code, which requires women to cover their hair and wear loose clothing in public.

Authorities are known to often harass bereaved families, including victims of the Ukrainian Airlines disaster – when a commercial airliner was shot down over Tehran in January 2021 – including interfering in burials and funeral processions.

Security forces have warned relatives against gathering to remember their loved ones.

In October, Mr Mortazaei told The National his relatives were under house arrest as thousands defied the threat of gunfire to gather at Ms Amini's gravesite 40 days after her death.

Last week, the grave of a man executed by Tehran for joining the protests was vandalised on the eve of his birthday.

Rights groups published images of flowers on top of the scorched headstone of Majid Kazemi, who was hanged in March.

Mr Kazemi was accused of being involved in the murder of a member of the Basij paramilitary force, which led the repression of protests.

Several others have also been put to death, convicted of the same crime.

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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Based: Abu Dhabi

Sector: TravelTech

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