Iran's President Masoud Pezeshkian announcing his cabinet selection at the Iranian Parliament in Tehran. Reuters
Iran's President Masoud Pezeshkian announcing his cabinet selection at the Iranian Parliament in Tehran. Reuters
Iran's President Masoud Pezeshkian announcing his cabinet selection at the Iranian Parliament in Tehran. Reuters
Iran's President Masoud Pezeshkian announcing his cabinet selection at the Iranian Parliament in Tehran. Reuters

Who are the key ministers in Iran's new government?


Aveen Karim
  • English
  • Arabic

Iran’s Parliament on Wednesday approved all the ministers put forward by reformist President Masoud Pezeshkian’s government, which is set to confront numerous challenges at a delicate time for the Middle East.

It is the first time in more than two decades that an Iranian president has had all his candidates approved, offering Mr Pezeshkian a small victory at the start of an already turbulent tenure marked by last month’s assassination of Hamas leader Ismail Haniyeh who was in Tehran for the President's inauguration.

Mr Pezeshkian was elected in a snap vote after the death of his predecessor Ebrahim Raisi in a helicopter crash. His government will have the task of continuing Mr Raisi’s legacy and policies.

Here are the key figures in the new cabinet.

Foreign Minister Abbas Araghchi

Abbas Araghchi called Ismail Haniyeh's assassination a 'terrorist attack by Israel'. AP
Abbas Araghchi called Ismail Haniyeh's assassination a 'terrorist attack by Israel'. AP

Abbas Araghchi is a former nuclear negotiator who certain observers say could potentially steer Iran towards resuming talks with the West.

He is best known for his role as Iran's chief negotiator in nuclear talks with western powers between 2013 and 2021. During his period the 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action, was signed, followed by its subsequent failure when former US president Donald Trump pulled out of the agreement in 2018.

His appointment comes at a time of escalating tension in the region between Iran, together with its proxy network, and Israel.

Iran has also vowed to retaliate against Mr Haniyeh’s assassination on July 31, which Tehran blames on Israel. For its part, Israel has not claimed responsibility for the fatal attack. After the killing, Mr Araghchi expressed his condolences in a post on X, calling it a “terrorist attack by Israel”.

His predecessor Hossein Amirabdollahian brought Iran closer to other regional powers, most notably rekindling diplomatic ties with Saudi Arabia in March 2023.

Mr Araghchi is expected to continue these policies and despite being perceived as a pro-western official, he is unlikely to pursue any change that is not approved by Iran’s supreme leader Ayatollah Ali Khamenei.

Mr Pezeshkian said Mr Araghchi had already been approved by the supreme leader even before being added to the list of potential ministers. According to the spokesman of the Iranian Parliament’s foreign policy commission, Mr Araghchi told them he was not part of the “New York faction” – a reference to the nuclear deal negotiating team – and his view of the world remains the same as it was when he was a member of Iran’s Revolutionary Guard Corps in the 1980s, he said.

Defence Minister Amir Nasirzadeh

Amir Nasirzadeh was previously chief of the Iranian air force. Photo: @IRIran_Military / X
Amir Nasirzadeh was previously chief of the Iranian air force. Photo: @IRIran_Military / X

Amir Nasirzadeh received the most support from MPs, with 281 votes out of 288. He was the chief of the Iranian air force from 2018 to 2021.

His role is crucial as Israel and Iran engage in belligerent rhetoric, threatening to attack one another. Iranian allies Hamas, Hezbollah, Iraqi militia groups and Yemen's Houthi rebels have stepped up attacks in the region since the war in Gaza erupted in October, striking both Israeli and US targets in the region.

Interior Minister Eskandar Momeni

Iran's new Interior Minister Eskandar Momeni. Getty Images
Iran's new Interior Minister Eskandar Momeni. Getty Images

Mr Momeni, a relatively moderate police general, will head the ministry that oversees the police and enforce the mandatory wearing of the veil by women. Protests engulfed the country in 2022 following the death of Mahsa Amini at the hands of the morality police, who arrested her after wearing her hijab "inappropriately", they said. The demonstrations were violently crushed by security forces.

Mr Momeni was also the secretary general of the Drug Control Headquarters, which worked closely with the UN to combat trafficking in the country. The highest number of executions in Iran are related to drug offences, with the UN High Commissioner for Human Rights warning this month of an "alarmingly high" number in a "short period of time".

Intelligence Minister Esmail Khatib

Esmail Khatib has retained his role as Iranian Intelligence Minister. EPA
Esmail Khatib has retained his role as Iranian Intelligence Minister. EPA

Esmail Khatib remains in the position he has held since 2021 under Mr Raisi's government. Less than a week before Mr Haniyeh was killed, Mr Khatib said his greatest achievement as Intelligence Minister had been "dismantling Mossad's infiltration network" in Iran.

While the ministry remains separate from the IRGC's own internal intelligence network, the minister has been in charge at a time where the state's apparatus has been compromised several times.

Finance Minister Abdolnaser Hemmati

Abdolnaser Hemmati is described as a moderate technocrat. Reuters
Abdolnaser Hemmati is described as a moderate technocrat. Reuters

Abdolnaser Hemmati served as governor of Iran's Central Bank from 2018 to 2021 and has been described as a moderate and technocrat. He came third in the presidential race in 2021.

Sanctions have strangled the Iranian economy and guiding the country out of this crisis looks to be Mr Hemmati's main challenge. The US withheld access to $6 billion in frozen funds that Tehran gained in a prisoner swap. However, Iran's Foreign Ministry in December said it was accessing the money.

Farzaneh Sadegh, as Roads and Urban Development Minister, has become Iran's second female cabinet member. Reuters
Farzaneh Sadegh, as Roads and Urban Development Minister, has become Iran's second female cabinet member. Reuters

In addition, Mr Pezeshkian also selected Farzaneh Sadegh as Minister of Roads and Urban Development, becoming Iran's second female cabinet member. The President also kept Mohammad Eslami in his position as the head of the Atomic Energy Organisation of Iran. He was placed on a sanctions list by the US and EU in 2008 when he was deputy defence minister.

Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The%20Beekeeper
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First Person
Richard Flanagan
Chatto & Windus 

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MATCH INFO

Uefa Nations League

League A, Group 4
Spain v England, 10.45pm (UAE)

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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.”

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Have you been targeted?

Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:

1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.

2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.

3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.

4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.

5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

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Defending champions

World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack

Updated: August 22, 2024, 1:06 PM