Iran’s Foreign Minister Hossein Amir-Abdollahian accused the west of double standards on human rights, even as the family of an Iranian teenager who died while participating in the anti-government protests accused authorities of murdering her.
"The concern for women's rights in Iran is extremely important to us," Mr Abdollahian said in a phone call with his Finnish counterpart Pekka Haavisto. "Now women play a very influential role in various academic, scientific, medical, educational, administrative and technological fields."
The statement came even as the country is rocked by protests that have spread to Europe and the US after the death of 22-year-old Iranian-Kurdish woman Mahsa Amini at the hands of authorities.
Amini was arrested for allegedly breaching the Islamic republic's strict dress code for women.
Iranians have since taken to the streets to protest against the government's mistreatment of women. They have been removing and burning their headscarves while chanting "death to the dictator".
Meanwhile, the crackdown on protests by security forces has claimed dozens of lives, according to human rights groups.
Iranian officials blame the West for fuelling the protests.
Mr Abdollahian said Tehran supports peaceful demonstrations, a citizen's legal right.
"But in the meantime, some rioters, with foreign directives and incitement from foreign TV channels, destroyed public property, attacked citizens and internal security forces with firearms and cold weapons, which is unacceptable anywhere in the world," he said.
Meanwhile, the mother of Nika Shahkarami, a 16-year-old girl who was killed during the protests, has accused authorities of threatening her to make a forced confession over the death of her daughter.
Nika went missing on September 20 after going out to join the protests in Tehran.
Her mother, Nasrin Shahkarami, said a forensic report found that she had been "killed due to repeated blunt force trauma to the head".
"I saw my daughter's body myself ... the back of her head showed she had suffered a very severe blow because her skull had caved in. That's how she was killed."
The authorities had tried to call her several times but she has refused to answer, she said.
"But they have called others, my uncles, others, saying that if Nika's mother does not come forward and say the things we want, basically confess to the scenario that we want and have created, then we will do this and that, and threatened me."
Nika's family had planned to bury her in the western city of Khorramabad on what would have been her 17th birthday, but authorities did not allow her family to lay her to rest and her uncle was later arrested, according to human rights groups.
The aunt later appeared on television saying Nika had been thrown from a multi-storey building.
Human rights groups are calling for an unbiased investigation into her death.
NBA Finals results
Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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.”
Company Profile
Founder: Omar Onsi
Launched: 2018
Employees: 35
Financing stage: Seed round ($12 million)
Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners
Results
7pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Dirt) 1,600m; Winner: RB Kings Bay, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)
7.30pm: Maiden (PA) Dh 70,000 (D) 1,600m; Winner: AF Ensito, Fernando Jara, Mohamed Daggash
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A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5