Iran's former parliament speaker Ali Larijani has registered as a presidential candidate for the June 28 elections.
The vote has been scheduled after Iranian president Ebrahim Raisi was killed in a helicopter crash on May 19 alongside senior officials including foreign minister Hossein Amirabdollahian.
Mr Larijani was barred from running in the 2021 elections in which Mr Raisi came to power, despite all-time low voter turnout. Mr Larijani, 66, is regarded as a moderate candidate, aligned with former president Hassan Rouhani.
Mr Larijani said in Tehran on Friday that, if elected, one of his main focuses, would be to "resolve the issue of US sanctions" on Iran, which were imposed after Washington in 2018 withdrew from the 2015 nuclear deal, under president Donald Trump.
Mr Larijani also addressed unemployment in the country, which reached 10.7 per cent in 2022 and declined to 7.6 per cent early this year, the country's Statistical Centre said.
“In my government, every competent and capable person with any political taste will be employed,” he told state-funded Press TV.
Mr Larijani served as speaker of parliament from 2008 to 2020. “The country's diplomacy should focus on the progress of Iran ... the strategy of Iran as an important regional power is that the entire region should be safe and powerful," he said.
Not much is expected to change in the Iranian government, regardless of who wins the election, Crisis Group's Iran Project director, Ali Vaez, told The National.
"If you look at recent elections, whether it's been parliamentary elections or assembly of experts elections, the system has even disqualified its loyal critics or people have been serving [supreme leader Ayatollah Ali Khamenei] for many years, whether it was Ali Larijani, former speaker of the parliament, or even president Rouhani, who was the member of the Assembly of Experts for 24 years," he said.
"This is a closing of the political system because the primary objective again for the supreme leader is to be able to manage the transition to his successor without any serious challenge whatsoever."
The biog
Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.
Favourite book: Anything by Sidney Sheldon.
Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.
Favourite holiday destination: The favourite place I have been to is Florence, it is a beautiful city. My dream though has always been to visit Cyprus, I really want to go there.
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Spec%20sheet
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The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Titan Sports Academy:
Programmes: Judo, wrestling, kick-boxing, muay thai, taekwondo and various summer camps
Location: Inside Abu Dhabi City Golf Club, Al Mushrif, Abu Dhabi, UAE
Telephone: 971 50 220 0326
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Sholto Byrnes on Myanmar politics
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5