• A protest for Mahsa Amini, a woman who died after being arrested by the Islamic republic's 'morality police', in Tehran. AFP
    A protest for Mahsa Amini, a woman who died after being arrested by the Islamic republic's 'morality police', in Tehran. AFP
  • Demonstrators disperse during the protest for Amini, who died in a hospital in the capital Tehran on Friday. AFP
    Demonstrators disperse during the protest for Amini, who died in a hospital in the capital Tehran on Friday. AFP
  • The crowd chanted 'Death to the dictator', meaning Supreme Leader Ayatollah Ali Khamenei, while some women took off their headscarves. AFP
    The crowd chanted 'Death to the dictator', meaning Supreme Leader Ayatollah Ali Khamenei, while some women took off their headscarves. AFP
  • A man pulls out a police motorcycle set on fire during the protest. Amini had been detained for violating the country's conservative dress code. AP
    A man pulls out a police motorcycle set on fire during the protest. Amini had been detained for violating the country's conservative dress code. AP
  • In recent months, rights activists have urged women to remove their veils in public, a gesture that would risk their arrest for defying a dress code as the country's rulers crack down on 'immoral behaviour'. AP
    In recent months, rights activists have urged women to remove their veils in public, a gesture that would risk their arrest for defying a dress code as the country's rulers crack down on 'immoral behaviour'. AP
  • Iranians protest in Sanandaj, the capital of Iran's Kurdistan province, following the Amini's death while in custody. AFP
    Iranians protest in Sanandaj, the capital of Iran's Kurdistan province, following the Amini's death while in custody. AFP
  • Iranian police officers clash with demonstrators in Tehran. Police said Amini fell into a coma as she waited with other detained women at a morality police station, rejecting allegations that she was probably beaten. AFP
    Iranian police officers clash with demonstrators in Tehran. Police said Amini fell into a coma as she waited with other detained women at a morality police station, rejecting allegations that she was probably beaten. AFP

Iran arrests nine foreigners over Mahsa Amini protests


  • English
  • Arabic

Iran said it had arrested nine foreigners following deadly street protests sparked by the death of Kurdish woman Mahsa Amini, including citizens of France, Germany and Italy.

The announcement by the intelligence ministry came as nationwide protests entered their third week on Friday.

Dozens of people have been killed in heavy-handed responses to the protests that started when Amini, 22, died in custody three days after her arrest by morality police in Tehran for allegedly breaching the Iran's strict dress code for women.

Iran has detained a number of Iranians with dual citizenship over the years, accusing them of spying or otherwise undermining national security. Critics accuse Iran of using such detainees as bargaining chips to secure concessions from the international community.

A number of Europeans were detained in Iran in recent months, including a Swedish tourist, a Polish scientist and others. Two French citizens arrested in June are accused of meeting with protesting teachers and taking part in an anti-government rally.

Unrest also erupted on Friday in Iran's south-eastern Sistan and Baluchestan province, which borders Afghanistan and Pakistan and is often hit by attacks or clashes between security forces and armed groups, but it was not clear what was behind the violence.

Governor Hossein Khiabani told state television that 19 people were killed, including a colonel from the Islamic Revolutionary Guard Corps, during heavy gun battles, while provincial police chief Ahmad Taheri said three police stations were attacked.

Video shared by Iran International, a Persian-language television station based in London, showed men facing gunfire as they stoned a police station in Zahedan, the provincial capital.

The channel also reported bareheaded women chanting “death to the dictator” in the north-western city of Ardabil.

In the south-western city of Ahvaz, security forces fired teargas to disperse people who streamed on to the streets jeering and shouting anti-government slogans, in another video shared by Iran International.

The arrests of Europeans come as leaked government documents showed that Iran ordered its security forces to “severely confront” anti-government demonstrations that broke out last month, Amnesty International said on Friday.

The London-based rights group said security forces have killed at least 52 people since protests over Amini’s death began nearly two weeks ago, including by firing live ammunition into crowds and beating protesters with batons.

It said security forces have also beaten and groped female protesters who remove their headscarves to protest their treatment by Iran’s theocracy.

Irna, meanwhile, reported renewed violence in the city of Zahedan near the borders with Pakistan and Afghanistan. It said gunmen opened fire and hurled firebombs at a police station, setting off a battle with law enforcement.

It said police and passers-by were wounded, without elaborating, and did not say whether the violence was related to the anti-government protests.

The region has been the site of attacks on security forces claimed by militant and separatist groups.

Women have burnt their headscarves and cut their hair in the protests over Amini's death, announced September 16, that are the biggest seen in Iran since demonstrations in November 2019 over fuel price rises.

  • A protest for Mahsa Amini, a woman who died after being arrested by the Islamic republic's 'morality police', in Tehran. AFP
    A protest for Mahsa Amini, a woman who died after being arrested by the Islamic republic's 'morality police', in Tehran. AFP
  • Demonstrators disperse during the protest for Amini, who died in a hospital in the capital Tehran on Friday. AFP
    Demonstrators disperse during the protest for Amini, who died in a hospital in the capital Tehran on Friday. AFP
  • The crowd chanted 'Death to the dictator', meaning Supreme Leader Ayatollah Ali Khamenei, while some women took off their headscarves. AFP
    The crowd chanted 'Death to the dictator', meaning Supreme Leader Ayatollah Ali Khamenei, while some women took off their headscarves. AFP
  • A man pulls out a police motorcycle set on fire during the protest. Amini had been detained for violating the country's conservative dress code. AP
    A man pulls out a police motorcycle set on fire during the protest. Amini had been detained for violating the country's conservative dress code. AP
  • In recent months, rights activists have urged women to remove their veils in public, a gesture that would risk their arrest for defying a dress code as the country's rulers crack down on 'immoral behaviour'. AP
    In recent months, rights activists have urged women to remove their veils in public, a gesture that would risk their arrest for defying a dress code as the country's rulers crack down on 'immoral behaviour'. AP
  • Iranians protest in Sanandaj, the capital of Iran's Kurdistan province, following the Amini's death while in custody. AFP
    Iranians protest in Sanandaj, the capital of Iran's Kurdistan province, following the Amini's death while in custody. AFP
  • Iranian police officers clash with demonstrators in Tehran. Police said Amini fell into a coma as she waited with other detained women at a morality police station, rejecting allegations that she was probably beaten. AFP
    Iranian police officers clash with demonstrators in Tehran. Police said Amini fell into a coma as she waited with other detained women at a morality police station, rejecting allegations that she was probably beaten. AFP

A leading Iranian human rights lawyer, Nasrin Sotoudeh, told US news magazine Time that she expected the protests to go on regardless of the intensity of the repression.

“What the people want is regime change, and no return to the past,” said Ms Sotoudeh, who is on medical furlough from a 38-year jail sentence for her advocacy work.

“And what we can see from the current protests and strikes that are now being initiated is a very real possibility of regime change.”

Iranian authorities have severely restricted internet access and blocked Instagram and WhatsApp, popular social media applications that are used by protesters to organise and share information.

That makes it difficult to gauge the extent of the protests, particularly outside the capital, Tehran. Iranian media have only sporadically covered the demonstrations.

  • Demonstrators chant slogans during the March of Solidarity for Iran in Washington. AFP
    Demonstrators chant slogans during the March of Solidarity for Iran in Washington. AFP
  • Another group of demonstrators at the march. AFP
    Another group of demonstrators at the march. AFP
  • A protest in support of Iranian women in Barcelona. Reuters
    A protest in support of Iranian women in Barcelona. Reuters
  • Iranian citizens and locals joined in the Barcelona protest. Reuters
    Iranian citizens and locals joined in the Barcelona protest. Reuters
  • People attend a demonstration in solidarity with Mahsa Amini and other Iranian women in Castello Square, Turin. EPA
    People attend a demonstration in solidarity with Mahsa Amini and other Iranian women in Castello Square, Turin. EPA
  • A person places a candle during the demonstration in Turin. EPA
    A person places a candle during the demonstration in Turin. EPA
  • A protester holds a pre-Islamic Revolution Iranian flag during a demonstration in Brussels in support of the Iranians fighting for their freedom. AFP
    A protester holds a pre-Islamic Revolution Iranian flag during a demonstration in Brussels in support of the Iranians fighting for their freedom. AFP
  • A protester wearing a top with a logo that reads 'No to an Islamic state" as she takes part in a rally in support of the Iranian people, in Brussels. AFP
    A protester wearing a top with a logo that reads 'No to an Islamic state" as she takes part in a rally in support of the Iranian people, in Brussels. AFP
  • People wave the Shah-era Iranian flag during a protest in Paris. AFP
    People wave the Shah-era Iranian flag during a protest in Paris. AFP
  • A woman shows her true colours in the protest against the Iranian government, in Paris. AFP
    A woman shows her true colours in the protest against the Iranian government, in Paris. AFP
  • A woman holds a flag, as people protest against the Iranian regime outside Iran's embassy in central London. Reuters
    A woman holds a flag, as people protest against the Iranian regime outside Iran's embassy in central London. Reuters
  • Supporters of the Kurdistan Workers' Party (PKK) carry placards and wave party flags in Beirut, during a protest against the death of Ms Amini. EPA
    Supporters of the Kurdistan Workers' Party (PKK) carry placards and wave party flags in Beirut, during a protest against the death of Ms Amini. EPA
  • People demonstrate against the Iranian government outside the Houses of Parliament in London following the death of Amini. Reuters
    People demonstrate against the Iranian government outside the Houses of Parliament in London following the death of Amini. Reuters
  • A mural in Paris depicts women cutting their hair to show support for Iranian protesters. AP
    A mural in Paris depicts women cutting their hair to show support for Iranian protesters. AP
  • People take part in a rally against the Iranian government in Vancouver, Canada, on Saturday. AP
    People take part in a rally against the Iranian government in Vancouver, Canada, on Saturday. AP
  • Protesters take to the streets of Tehran. EPA
    Protesters take to the streets of Tehran. EPA
  • Iranian protesters run after clashing with with police. EPA
    Iranian protesters run after clashing with with police. EPA
  • A protester shaves their head outside the Houses of Parliament in London. Reuters
    A protester shaves their head outside the Houses of Parliament in London. Reuters
  • Iranians living in Athens hold a protest in solidarity. AFP
    Iranians living in Athens hold a protest in solidarity. AFP
  • People take part in a rally in The Hague. AFP
    People take part in a rally in The Hague. AFP
  • A woman cuts her hair during a demonstration in Santiago, Chile, by feminist groups and Iranian migrants in support of Iranian women following the death of Amini. AFP
    A woman cuts her hair during a demonstration in Santiago, Chile, by feminist groups and Iranian migrants in support of Iranian women following the death of Amini. AFP
  • Members of feminist groups and Iranian migrants during the protests in Santiago. AFP
    Members of feminist groups and Iranian migrants during the protests in Santiago. AFP
  • Iranian activists shout slogans during a protest against the government in Tehran, in Amsterdam, The Netherlands. EPA
    Iranian activists shout slogans during a protest against the government in Tehran, in Amsterdam, The Netherlands. EPA
  • A protester holds a painted portrait of Mahsa Amini in Berlin, Germany. EPA
    A protester holds a painted portrait of Mahsa Amini in Berlin, Germany. EPA
  • A protester shows red paint on her face, resembling blood splatters and bloody handprints next to the national Iranian emblem, during a rally in Berlin. EPA
    A protester shows red paint on her face, resembling blood splatters and bloody handprints next to the national Iranian emblem, during a rally in Berlin. EPA
  • Iranian protesters shout slogan during a protest in Istanbul, Turkey. EPA
    Iranian protesters shout slogan during a protest in Istanbul, Turkey. EPA
  • A woman holds a sign during a protest against the Iranian government, in front of the country's embassy in Madrid, Spain. The protests were triggered by the death of a young Iranian woman, Mahsa Amini, in police custody. Reuters
    A woman holds a sign during a protest against the Iranian government, in front of the country's embassy in Madrid, Spain. The protests were triggered by the death of a young Iranian woman, Mahsa Amini, in police custody. Reuters
  • A woman cuts her hair during the protest in front of the Iranian embassy in Madrid. Reuters
    A woman cuts her hair during the protest in front of the Iranian embassy in Madrid. Reuters
  • Israelis show their support for women in Iran as they hold up placards of Amini during a protest in Jerusalem. EPA
    Israelis show their support for women in Iran as they hold up placards of Amini during a protest in Jerusalem. EPA
  • Amini, 22, was arrested in Tehran on September 13, 2022, by the morality police. She fell into a coma while in police custody and was declared dead on September 16. EPA
    Amini, 22, was arrested in Tehran on September 13, 2022, by the morality police. She fell into a coma while in police custody and was declared dead on September 16. EPA
  • People walk by graffiti in support of the protests triggered by Amini's death, in Jerusalem. EPA
    People walk by graffiti in support of the protests triggered by Amini's death, in Jerusalem. EPA
  • A protest in Nantes, western France, after the death of Amini in Iranian police custody. AFP
    A protest in Nantes, western France, after the death of Amini in Iranian police custody. AFP
  • Women gather for a demonstration in Barcelona, Spain. AFP
    Women gather for a demonstration in Barcelona, Spain. AFP
  • Demonstrators in Nantes. Amini's death has sparked a global protest movement. AFP
    Demonstrators in Nantes. Amini's death has sparked a global protest movement. AFP
  • Women protest outside the town hall in in Montpellier, southern France. AFP
    Women protest outside the town hall in in Montpellier, southern France. AFP
  • A woman at a protest in Catalunya Square, Barcelona. Reuters
    A woman at a protest in Catalunya Square, Barcelona. Reuters
  • Campaigners and football fans protest at a Champions League match between Porto and Bayer Leverkusen at the Dragao stadium in Portugal. EPA
    Campaigners and football fans protest at a Champions League match between Porto and Bayer Leverkusen at the Dragao stadium in Portugal. EPA
  • People hold placards during a demonstration in solidarity with the Iranian people near the European Parliament in Strasbourg, France. EPA
    People hold placards during a demonstration in solidarity with the Iranian people near the European Parliament in Strasbourg, France. EPA
  • An Iranian woman living in Turkey with 'Freedom' written on her forehead takes part in a protest near the Iranian consulate in Istanbul. Reuters
    An Iranian woman living in Turkey with 'Freedom' written on her forehead takes part in a protest near the Iranian consulate in Istanbul. Reuters
  • In Barcelona, protesters take part in a demonstration in support of Iranian women. AFP
    In Barcelona, protesters take part in a demonstration in support of Iranian women. AFP
  • A Lebanese activist takes part in a protest in Beirut, triggered by the death of Amini, 22. AP
    A Lebanese activist takes part in a protest in Beirut, triggered by the death of Amini, 22. AP
  • A Turkish protester takes off her head scarf while giving a performance in Instanbul during a protest against Iran over Amini's death. Getty
    A Turkish protester takes off her head scarf while giving a performance in Instanbul during a protest against Iran over Amini's death. Getty
  • A woman in Istanbul cuts her hair during a protest against Iran. Getty
    A woman in Istanbul cuts her hair during a protest against Iran. Getty
  • A Lebanese activist holds a poster depicting Amini during a protest in Beirut organised by feminist groups in support of women protesters in Iran. EPA
    A Lebanese activist holds a poster depicting Amini during a protest in Beirut organised by feminist groups in support of women protesters in Iran. EPA
  • Demonstrators in Los Angeles, California, hold the Iranian flag during a protest against the government in Tehran. AFP
    Demonstrators in Los Angeles, California, hold the Iranian flag during a protest against the government in Tehran. AFP
  • Demonstrators hold placards in Mexico City during a protest against Iran. Reuters
    Demonstrators hold placards in Mexico City during a protest against Iran. Reuters
  • People demonstrate in Montreal, Canada, during a protest triggered by Amini's death. AFP
    People demonstrate in Montreal, Canada, during a protest triggered by Amini's death. AFP
  • Iranian Americans participate in a rally in central Los Angeles, in solidarity with women in Iran. AP
    Iranian Americans participate in a rally in central Los Angeles, in solidarity with women in Iran. AP
  • Demonstrators march during a protest in Los Angeles, California. AFP
    Demonstrators march during a protest in Los Angeles, California. AFP
  • A woman with the colours of the Iranian flag painted on her face participates in a rally as thousands demonstrate in support of Iranian women in Los Angeles. EPA
    A woman with the colours of the Iranian flag painted on her face participates in a rally as thousands demonstrate in support of Iranian women in Los Angeles. EPA
  • Australians protest over Amini's death in Melbourne. EPA
    Australians protest over Amini's death in Melbourne. EPA
  • Police block protesters from entering Iran's embassy in Oslo, Norway. EPA
    Police block protesters from entering Iran's embassy in Oslo, Norway. EPA
  • Demonstrators in front of the European headquarters of the UN in Geneva, Switzerland, during a rally against Iran. EPA
    Demonstrators in front of the European headquarters of the UN in Geneva, Switzerland, during a rally against Iran. EPA
  • A candlelight vigil for Amini in Los Angeles. AFP
    A candlelight vigil for Amini in Los Angeles. AFP
  • Afghan women hold placards as they take part in a protest in front of the Iranian embassy in Kabul. AFP
    Afghan women hold placards as they take part in a protest in front of the Iranian embassy in Kabul. AFP
  • Protestors take part in a rally outside the Iranian consulate in Istanbul. AFP
    Protestors take part in a rally outside the Iranian consulate in Istanbul. AFP
  • An Iranian woman shows a lock of hair she cut off during a protest outside the Iranian consulate in Istanbul. EPA
    An Iranian woman shows a lock of hair she cut off during a protest outside the Iranian consulate in Istanbul. EPA
  • Demonstrators outside the Iranian consulate in Istanbul. Getty
    Demonstrators outside the Iranian consulate in Istanbul. Getty
  • Iranian Americans rally on Capitol Hill in Washington to show support for protesters in Iran. AFP
    Iranian Americans rally on Capitol Hill in Washington to show support for protesters in Iran. AFP
  • Protesters on Capitol Hill hold a sign condemning the crackdown by Tehran. AFP
    Protesters on Capitol Hill hold a sign condemning the crackdown by Tehran. AFP
  • German demonstrators gather in Berlin after the death of Amini in Iranian police custody. AP
    German demonstrators gather in Berlin after the death of Amini in Iranian police custody. AP
  • A protester cries during a rally in Berlin. Reuters
    A protester cries during a rally in Berlin. Reuters
  • A demonstration in Madrid, Spain. Thousands have gathered in cities across Europe to support protests in Iran. AP
    A demonstration in Madrid, Spain. Thousands have gathered in cities across Europe to support protests in Iran. AP
  • Demonstrators gather outside the Iranian embassy in Madrid. Reuters
    Demonstrators gather outside the Iranian embassy in Madrid. Reuters
  • People take part in a protest in Lausanne, Switzerland. EPA
    People take part in a protest in Lausanne, Switzerland. EPA
  • Protesters hold signs featuring images of Amini during the protest in the western Swiss city. EPA
    Protesters hold signs featuring images of Amini during the protest in the western Swiss city. EPA
  • Demonstrators in front of the Iranian embassy in Buenos Aires, Argentina. EPA
    Demonstrators in front of the Iranian embassy in Buenos Aires, Argentina. EPA
  • An activist outside the Iranian embassy in Buenos Aires, Argentina, with a sign that reads 'Justice for Mahsa Amini'. AFP
    An activist outside the Iranian embassy in Buenos Aires, Argentina, with a sign that reads 'Justice for Mahsa Amini'. AFP
  • A demonstration against violence in Iran is held in Quito, Ecuador. The Iranian community in Ecuador protested outside the Iranian embassy. EPA
    A demonstration against violence in Iran is held in Quito, Ecuador. The Iranian community in Ecuador protested outside the Iranian embassy. EPA
  • Protesters at a demonstration outside the Iranian embassy in Quito, Ecuador. EPA
    Protesters at a demonstration outside the Iranian embassy in Quito, Ecuador. EPA

Amnesty said it had obtained a leaked official document issued to the commanders of armed forces in all provinces on September 21 instructing them to “severely confront” protesters.

Another leaked document showed that on September 23, the commander of the armed forces in Mazandaran province, where some of the deadliest clashes have taken place, ordered security forces to “confront mercilessly, going as far as causing deaths, any unrest by rioters and anti-revolutionaries”.

The NGO said it had confirmed 52 deaths in the protests but the toll was likely to be higher.

Another rights group, Oslo-based Iran Human Rights, said 83 people were confirmed to have been killed, while Iran's Fars news agency has put the death toll at “around 60".

Many Iranian journalists, activists and other prominent figures have been arrested in the crackdown.

Former Iranian international footballer Hossein Maahini was arrested on Friday after supporting the protests on his social media accounts, state media said.

Iranian football fans, meanwhile, asked Fifa to ban their national team from this year's World Cup in Qatar because of the crackdown.

Security forces also arrested singer Shervin Hajipour, whose song Baraye, made up of tweets about the protests, went viral on Instagram, the rights group Article 19 said.

His song, which racked up millions of views, has now been removed from his Instagram account.

The government's violent response has drawn widespread condemnation.

Demonstrations of solidarity with Iranian women have been held worldwide, and rallies were planned in 77 cities on Saturday.

Iran has blamed outside forces for the protests, and on Wednesday it launched cross-border missile and drone strikes that killed 14 people in northern Iraq's Kurdistan region, accusing Iranian Kurdish rebel groups based there of fuelling the unrest.

The IRGC pledged to carry out more attacks until the groups are disarmed.

The US said one of its citizens had been killed in the Iranian strikes.

— With reporting from agencies.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills

 


 

Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

INDIA%20SQUAD
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If you go

The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.

The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).

When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.

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.”

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
COMPANY%20PROFILE%3A
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Envision%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2017%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EKarthik%20Mahadevan%20and%20Karthik%20Kannan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20The%20Netherlands%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%2FAssistive%20Technology%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%241.5%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%204impact%2C%20ABN%20Amro%2C%20Impact%20Ventures%20and%20group%20of%20angels%3C%2Fp%3E%0A
Updated: June 13, 2023, 8:11 AM