Former Iranian president Mahmoud Ahmadinejad registers his candidacy for the presidential election at the Interior Ministry in Tehran. EPA
Former Iranian president Mahmoud Ahmadinejad registers his candidacy for the presidential election at the Interior Ministry in Tehran. EPA
Former Iranian president Mahmoud Ahmadinejad registers his candidacy for the presidential election at the Interior Ministry in Tehran. EPA
Former Iranian president Mahmoud Ahmadinejad registers his candidacy for the presidential election at the Interior Ministry in Tehran. EPA

Former Iranian president Mahmoud Ahmadinejad to run in presidential election


Holly Johnston
  • English
  • Arabic

Iran's former president Mahmoud Ahmadinejad will run again for the presidency in the June 28 elections, state media announced on Sunday.

He was filmed registering his candidacy at the Interior Ministry in Tehran, pledging to bolster Iran's economy in a video shown on state television.

The elections were announced following the death of President Ebrahim Raisi in a helicopter crash on May 19.

Foreign Minister Hossein Amirabdollahian and several other officials were killed in the crash in north-western Iran as they returned from the Azerbaijan border.

“My most important motivation is to focus on solving economic problems,” Mr Ahmadinejad said in a speech aired by state TV.

Mr Ahmadinejad is regarded as a hardliner and was sanctioned by the US last year over the detention of American citizens, held for years in Tehran's Evin prison.

During his time in office, he was criticised for human rights abuses, economic policies which weakened the Iranian rial and stunted economic growth, and alleged involvement in the assassination of an exiled Kurdish politician.

He also accelerated Tehran's nuclear programme and hinted at building a nuclear weapon.

His re-election in 2009, viewed by opponents as rigged, prompted the Green Movement protests which at the time were the largest in Iran's history. Hundreds of people were arrested by security forces.

Former parliament speaker Ali Larijani, regarded as a moderate aligned with the former reformist president Hassan Rouhani, is also running.

The final list of candidates is to be decided by the Guardian Council, which is appointed by supreme leader Ayatollah Ali Khamenei.

Masoud Zaribafan, who served as vice president under Mr Ahmadinejad, has also registered, alongside eight others, including Tehran mayor Alireza Zakani and Vahid Haghanian, a former Islamic Revolutionary Guard Corps (IRGC) commander and close aide to Mr Khamenei.

Hardliner Zohreh Elahian has also registered to run and would be the first women to run for president, if approved by the council.

The EU and Canada imposed sanctions on her for the crackdown on protesters, hundreds of whom were killed in demonstrations following the death of Mahsa Amini in September 2022.

Both Mr Larijani and Mr Ahmadinejad were barred by the council from running in previous elections, with Mr Khamenei saying Mr Ahmadinejad would polarise Iran.

The former president has criticised Mr Khamenei in the past and called for “free elections.”

The 2021 election, won by Mr Raisi, who was expected to succeed Mr Khamenei as supreme leader, was criticised as a fix.

The council will release a list of approved candidates on June 11.

The elections come months after record low turnout in parliamentary elections, with only 41 per cent of eligible voters casting ballots.

Voter apathy has been compounded by economic issues, worsened by US sanctions, and Tehran's crackdown on anti-regime protesters, including the introduction of harsh laws against women who do not cover their heads in public.

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

How to increase your savings
  • Have a plan for your savings.
  • Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
  • Decide on a financial goal that is important to you and put your savings to work for you.
  • It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings. 

- Carol Glynn, founder of Conscious Finance Coaching

 

 

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4

 

 

Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Updated: June 02, 2024, 12:43 PM