Iranian President Ebrahim Raisi with Hamas chief Ismail Haniyeh at his office in Tehran in March. AP
Iranian President Ebrahim Raisi with Hamas chief Ismail Haniyeh at his office in Tehran in March. AP
Iranian President Ebrahim Raisi with Hamas chief Ismail Haniyeh at his office in Tehran in March. AP
Iranian President Ebrahim Raisi with Hamas chief Ismail Haniyeh at his office in Tehran in March. AP

Hamas chief Haniyeh makes first trip for Raisi funeral in Iran after ICC ruling


Holly Johnston
  • English
  • Arabic

Hamas chief Ismail Haniyeh arrived in Tehran on Wednesday for the funeral of Iranian President Ebrahim Raisi, days after the International Criminal Court announced it was seeking his arrest for war crimes.

Top army generals, Islamic Revolutionary Guard Corps leaders and representatives of regional militant groups were present in the capital as Iranian leaders mourned Mr Raisi, 63, who was killed in a helicopter crash on Sunday.

It was Mr Haniyeh's first public appearance since the ICC announcement on Monday.

“I come in the name of the Palestinian people, in the name of the resistance factions of Gaza, to express our condolences,” he told mourners at Tehran University.

He recalled meeting Mr Raisi during Ramadan and repeated calls for support for the Palestinian cause, saying the Muslim world must “fulfil its obligations”.

The funeral ceremony was one of several planned before Mr Raisi's burial in Mashhad on Thursday.

Qatar's Emir Sheikh Tamim, Tunisian President Kais Saied and Iraqi Prime Minister Mohammed Shia Al Sudani were among regional leaders in attendance.

Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani also travelled to Tehran for Mr Raisi's funeral, the Qatar News Agency reported.

Kuwait's Foreign Minister Abdullah Ali Al Yahya was attending on behalf of Kuwait’s Emir Sheikh Meshal, the Kuwaiti Foreign Ministry said.

Lebanon's National News Agency said a delegation including Parliament's Speaker Nabih Berri, caretaker foreign minister Abdallah Bou Habib and other officials travelled to Tehran to offer their condolences.

Representatives from China, Pakistan and other nations were expected to arrive later on Wednesday.

Mr Haniyeh had met Mr Raisi and foreign minister Hossein Amirabdollahian, who was also killed in Sunday's crash, during several visits to Iran since the war in Gaza broke out in October. He met with Iran's supreme leader Ayatollah Ali Khamenei later on Wednesday, state media reported.

Iranian leaders vowed to continue supporting Palestinian militant groups in a meeting with the Hamas leader in March.

The war in Gaza featured in the funeral ceremonies for Mr Raisi and his entourage, with one master of ceremonies chanting “Death to Israel” in Tehran and Palestinian flags flown during the funeral procession held in Tabriz on Tuesday.

Iran-aligned militant groups are fighting Israel on three separate fronts – Hamas in Gaza, Hezbollah on Lebanon's southern border with Israel and Houthis in the Red Sea, where the Yemeni rebels have attacked commercial and military ships they claim are linked to Israel.

All paid tribute to Mr Raisi, with Hamas lauding him as a “tireless” supporter of the Palestinian resistance.

Hezbollah deputy leader Naim Qassem was seen alongside Mr Haniyeh at the funeral ceremony.

The ICC's Chief Prosecutor on Monday said he would seek arrest warrants for Mr Haniyeh and fellow Hamas leaders Yahya Sinwar and Mohammed Diab Ibrahim Al Masri over the October 7 attack on southern Israel that triggered the Gaza war.

Karim Khan said he was also seeking a warrant for Israeli Prime Minister Benjamin Netanyahu, arguing that Israel had used starvation as a weapon of war in Gaza and was collectively punishing Palestinians for the Hamas attack.

Israeli Defence Minister Yoav Gallant may also be issued with an arrest warrant as judges convene to consider the ICC application – a decision which may take months.

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
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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.”

A Dog's Journey 

Directed by: Gail Mancuso

Starring: Dennis Quaid, Josh Gad, Marg Helgenberger, Betty Gilpin, Kathryn Prescott

3 out of 5 stars

The specs: 2019 Audi A7 Sportback

Price, base: Dh315,000

Engine: 3.0-litre V6

Transmission: Seven-speed automatic

Power: 335hp @ 5,000rpm

Torque: 500Nm @ 1,370rpm

Fuel economy 5.9L / 100km

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

Company info

Company name: Entrupy 

Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist

Based: New York, New York

Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.  

Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius. 

Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place. 

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

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Updated: May 22, 2024, 12:32 PM