Nearly a thousand Iranian schoolgirls have been taken to hospitals in more than 10 cities after falling ill with respiratory, cardiac and neurological symptoms, as the international community called for an urgent investigation.
Senior Iranian officials believe that the girls, suffering from nausea, dizziness and fatigue, may have been deliberately poisoned.
Many in Iran believe it is an attempt to force girls' schools to close and to deny them an education.
The call to action came as authorities arrested four people on Thursday in connection with an assault on a woman outside a girls' school targeted in a wave of poisoning attacks, a news agency said.
On Wednesday, the US urged authorities in Iran to investigate the suspected poisoning attacks of recent months.
“What we want to see … is these reported poisonings come to an end. We want to see this stop”, said US State Department spokesman Ned Price.
“These are very concerning and disturbing reports that we’ve all read in the press. But it is incumbent on Iranian authorities to respond. It is incumbent upon them to put an end to these reported attacks. It is incumbent on them to hold accountable those who may be perpetrating this.”
On Wednesday, Iran's President stepped in after more than 100 pupils were admitted to hospital.
The President's website said Ebrahim Raisi had assigned Interior Minister Ahmad Vahidi to provide “continuous information on the results of the investigation” into the attacks.
At least 10 girls' schools were targeted in the latest suspected attacks on Wednesday, seven in the north-western city of Ardabil and three in the capital, media reports said.
The incidents in Ardabil left 108 pupils in hospital, all in a stable condition, said state-linked news agency Tasnim, which also reported poisonings at three schools in Tehran.
'Serial poisonings'
Mr Vahidi held a press conference on Wednesday, at which he debunked earlier reports from Fars news agency that security forces had detained three people over the wave of suspected poisonings.
“There are various reports that are completely false," he told journalists, adding that reports of the detection of a specific chemical substance being used in attacks were incorrect.
Parliament's website had said health ministry tests on a substance found at the schools in the holy city of Qom — where 800 pupils were affected — had detected traces of nitrogen, which is mainly used in fertilisers.
The poisonings first started in the city of Qom, where 18 girls were taken to hospital on November 30, according to Iranian state media.
Another incident was reported in Qom on February 14, when more than 100 pupils from 13 schools were taken to hospital after what Tasmin described as “serial poisonings”.
In Tehran, 35 schoolgirls were admitted to hospital on Tuesday, according to Fars News. They were reported to be in a “good” condition, and many of them were discharged, it said. Pupil poisonings have also been recorded in recent months in the city of Borujerd in Lorestan province and in Chaharmahal and Bakhtiari province.
Most of the incidents have taken place at girls’ schools, but state media have also reported at least one incident of suspected poisoning at a boys’ school in Qom, on February 4.
With reporting from agencies
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Company name: Overwrite.ai
Founder: Ayman Alashkar
Started: Established in 2020
Based: Dubai International Financial Centre, Dubai
Sector: PropTech
Initial investment: Self-funded by founder
Funding stage: Seed funding, in talks with angel investors
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
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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.”
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Uefa Champions League semi-final, first leg
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AT4 Ultimate, as tested
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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.
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The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
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All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
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Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
The specs
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Torque 750Nm from 1,800-5,800rpm
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Top speed 305kph
Fuel economy, combined 10.6L / 100km
Price from Dh700,000 (estimate)
On sale Jan/Feb 2020
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