Masoud Pezeshkian has been inaugurated before Iran's parliament as the country's ninth president, two months after Ebrahim Raisi was killed in a plane crash alongside foreign minister Hossein Amirabdollahian.
Mr Pezeshkian took the oath of office during the ceremony on Tuesday, attended by a number of senior Iranian and regional officials including several Arab delegations.
The newly elected leader said his priorities will be “working to improve relations with neighbouring countries”, and calling for co-operation to resolve crises in the region.
“We must do everything in our power to end the crisis in Gaza,” he added.
“Those who support killing children in Gaza, can't give us lessons in human rights,” the leader said.
During the ceremony, Supreme leader Ayatollah Ali Khamenei, stressed the importance of maintaining “good” relations with neighbouring countries and expanding his country's diplomatic presence. “We must deal actively and effectively, not emotionally, with international and regional events,” he said.
Mr Pezeshkian pledged to work on strengthening his country's defence capabilities in order “to raise its status in the region and the Islamic world”, adding that they will work to remove sanctions on Iran.
He also vowed for Iran to “enjoy social justice and for its people to enjoy their rights”.
Mr Khamenei officially endorsed Mr Pezeshkian as president during a ceremony on Sunday, approving the vote of the “wise, honest, popular and scholarly” doctor-turned-politician.
“I remind you that the nation’s vote and my endorsement will continue as long as his constant policy of following the straight path of Islam and revolution is maintained,” Mr Khamenei said.
The supreme leader, who was widely expected to appoint Mr Raisi as his successor, used his speech to urge the new president to forge closer ties with neighbouring nations and African and Asian states. He also criticised Israel for the mounting death toll in Gaza.
Mr Pezeshkian was the only reformist candidate allowed to stand in the election, for which all contenders were approved by the Khamenei-run Guardian Council.
The head of Iran's judiciary and members of the Guardian Council will attend the swearing-in ceremony, as outlined in Iran's constitution.
Earlier on Tuesday, Mr Pezeshkian discussed the Israeli war on Gaza during his first meeting with the head of Hamas's political office, Ismail Haniyeh, in the capital Tehran. The Palestinian leader travelled to Iran to participate in the inauguration ceremony.
Mr Haniyeh thanked Iran for “its honourable positions in supporting the steadfastness of our Palestinian people”, according to a statement by the group.
Mr Pezeshkian said that the people of Iran have always “hated the crimes and aggression of the Zionist regime and supported the rights of the oppressed Palestinian people”, according to the Iranian news agency Irna.
“The fierce resistance of the Palestinian people and Mujahideen is a source of pride,” he said.
“This resistance will end with the final victory of the people and the freedom of the Palestinian land.”
Mr Pezeshkian also met Hezbollah Deputy Secretary-General Sheikh Naim Qassem, Palestinian Islamic Jihad Secretary-General Ziyad Al-Nakhaleh and Houthi spokesman Mohammed Abdul Salam on Monday night.
During the meeting with Mr Qassem, Mr Pezeshkian stressed that supporting the Axis of Resistance is “a legitimate duty and one of Iran's basic policies”, adding that strengthening relations with Islamic countries is among his government's priorities.
Mr Qassem emphasised that the defeat of the Israel would not have been possible without the support of the Islamic Republic.
Mr Salam expressed to the new leader “the admiration for the smooth political transition of power enjoyed by the Islamic Republic”, he said in a post on X.
Who is Masoud Pezeshkian?
Mr Pezeshkian, the first reformist president in about two decades, is from the city of Mahabad and trained as a doctor, becoming a heart surgeon and later president of the Tabriz University of Medical Sciences.
He has represented the north-western city of Tabriz in parliament since 2008 and served as deputy health minister and health minister under reformist president Mohammed Khatami, and later as first deputy speaker from 2016 to 2020.
He was elected after securing about 54 per cent of votes in the July polls, which were triggered by the death of Mr Raisi in a helicopter crash in East Azerbaijan province.
Critics are doubtful that his presidency could usher in meaningful change under the ultraconservative theocracy established in 1979, under which Mr Khamenei holds the ultimate authority and final say on all decisions.
Speaking at the Sunday ceremony, Mr Pezeshkian pledged to follow a “constructive and efficient” foreign policy and paid tribute to Islamic Revolutionary Guard Corps' Quds Force commander Gen Qassem Soleimani, who was assassinated in a US air strike at Baghdad airport in January 2020.
He also described Mr Khamenei's policies as “the guiding light of our path” in an interview with the supreme leader's office last week.
However, Mr Pezeshkian was previously critical of Mr Raisi and his handling of anti-regime protests, particularly after the nationwide demonstrations following the death of Mahsa Amini in September 2022.
He also vowed to ease internet restrictions – some of the world's strictest – and to involve ethnic minorities in his government.
He will have two weeks to form a cabinet and will announce the names of his proposed ministers after Tuesday's ceremony, according to Irna.
Mr Pezeshkian appointed Mohammed Reza Aref as First Vice President on Sunday in his first official act of office.
Mohammad Javad Zarif, former foreign minister and current head of the strategic transition council, said a final review of ministerial candidates would be held with Mr Pezeshkian after the inauguration ceremony.
The new president said he would not appoint any ministers until after meeting Mr Khamenei.
At least eight candidates have been put forward for each position, and whoever is selected will have to be formally approved by parliament.
The selection of other vice presidents has not begun, Mr Zarif added.
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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.”
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
ASSASSIN'S%20CREED%20MIRAGE
%3Cp%3E%0DDeveloper%3A%20Ubisoft%20Bordeaux%0D%3Cbr%3EPublisher%3A%20Ubisoft%0D%3Cbr%3EConsoles%3A%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20Series%20S%26amp%3BX%0D%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
Zayed Sustainability Prize
RESULTS
1.30pm Handicap (PA) Dh 50,000 (Dirt) 1,400m
Winner AF Almomayaz, Hugo Lebouc (jockey), Ali Rashid Al Raihe (trainer)
2pm Handicap (TB) Dh 84,000 (D) 1,400m
Winner Karaginsky, Tadhg O’Shea, Satish Seemar.
2.30pm Maiden (TB) Dh 60,000 (D) 1,200m
Winner Sadeedd, Ryan Curatolo, Nicholas Bachalard.
3pm Conditions (TB) Dh 100,000 (D) 1,950m
Winner Blue Sovereign, Clement Lecoeuvre, Erwan Charpy.
3.30pm Handicap (TB) Dh 76,000 (D) 1,800m
Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.
4pm Maiden (TB) Dh 60,000 (D) 1,600m
Winner Bladesmith, Tadhg O’Shea, Satish Seemar.
4.30pm Handicap (TB) Dh 68,000 (D) 1,000m
Winner Shanaghai City, Fabrice Veron, Rashed Bouresly.
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
match info
Maratha Arabians 138-2
C Lynn 91*, A Lyth 20, B Laughlin 1-15
Team Abu Dhabi 114-3
L Wright 40*, L Malinga 0-13, M McClenaghan 1-17
Maratha Arabians won by 24 runs
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Zayed Sustainability Prize
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
More from Rashmee Roshan Lall