The wildfires currently rolling through southern California have brought unprecedented damage to the Golden State and dominated global headlines. Thousands of miles away from the US, in Iran, the wildfires have become the subject of a revealing political debate between the country’s divergent political factions. It can be seen as a dress rehearsal for much larger political battles that are bound to rock Tehran in the Trump era.
The reformist government of President Masoud Pezeshkian barely hides its desire to engage with the United States in the hope of reducing tensions. Ali Abdolalizadeh, Mr Pezeshkian's maritime development envoy, recently even claimed that Tehran was happy to directly negotiate with the US and that a deal could be made in two to three months. Iran was hopeful for US investment, particularly in the oil and gas sector, Mr Abdolalizadeh added, engaging in a bit of fantasy. But real power continues to lie not with Mr Pezeshkian but with the Supreme Leader Ayatollah Ali Khamenei, who continues to vocally oppose normalisation of ties with the US. He recently asked Mr Pezeshkian and his government to “avoid considering the demands of US and Israel".
Avoiding a direct confrontation, Mr Pezeshkian and his allies seem to subtly use every opportunity to show an alternative approach to the leader’s anti-Americanism. In response to the wildfires in Los Angeles, they have engaged in humanitarian diplomacy, trying to offer solidarity and even offers of aid.
On January 11, Mr Pezeshkian’s spokeswoman, Fatemeh Mohajerani, expressed the government’s “sympathies with the people of California”. Vice-President Mohammadreza Aref joined her by offering “sympathy” and “prayers for quick improvement for all those affected”. The head of Iran’s Red Crescent Society Pirhosein Kolivand went a mile further in a message to his American counterpart, who heads the US Red Cross. Iran was ready to send “aid equipment and dedicated personnel,” Mr Kolivand said. “You are not alone,” he added, addressing Americans.
This was all a bit much for Mehdi Kouchakzadeh, a hardliner MP from Tehran. In an outburst in the Parliament on January 13, Mr Kouchakzadeh attacked Mr Abdolalizadeh. “Someone has to smack him in the mouth,” Mr Kouchakzadeh said in response to Mr Abdolalizadeh’s stated desire of negotiating with the US. He also attacked Mr Pezeshkian’s Vice-President for Strategic Affairs Javad Zarif, a US-educated diplomat and former foreign minister.
But Mr Kouchakzadeh reserved most of his ire for those who had suggested helping the LA fire victims.
Using non-parliamentary language, Mr Kouchakzadeh said that as an Iranian taxpayer, he wouldn't consent to one cent of his taxes going to Los Angeles before it’s spent on Gaza.
The hardliner MP is not alone. Some pro-regime Iranian outlets have been running appalling coverage of the American wildfires. The Americans were receiving “God’s fury,” a news agency wrote. Hardliner daily Kayhan invoked a Karma-like Islamic concept to claim that the US was suffering from the fires because it was paying for its sins towards “Gaza’s innocent children and Palestinian mothers”. Even Ali Motahhari, a former conservative MP, said the fires were “a warning from the divine world to the US government and a majority of the American people”.
But Mr Kouchakzadeh’s antics have also led to a lot of opposition. The video of his speech has gone viral leading to many attacks on social media. Many observers have curtly reminded him that if “Iranian taxpayers” were to have a say, they likely wouldn’t have funded Iran’s myriad foreign militias. Others, such as public intellectual Sadeq Zibakalam, pointed out that Mr Kouchakzadeh had been elected by fewer than 400,000 votes in a city of six million eligible voters, so he hardly represented the majority. This is because most reformists and non-hardliners were not allowed to run in the parliamentary elections last year resulting in record-low turn-out, especially in Tehran. The hardliner-dominated Parliament thus suffers from a crisis of legitimacy.
The hardliner MP is not alone. Some pro-regime Iranian outlets have been running appalling coverage of the American wildfires
Even some conservatives demurred. Conservative analyst Abbas Salimi Namin criticised the MP for “making human matters into political and factional questions”. There was no contradiction between supporting Palestine and offering sympathy to victims of the LA fires, he added. Many Americans had shown that they opposed their government’s support for Israel, he added. Salimi Namin also pointed out that there has always been a faction in the Islamic Republic that believed in negotiations with the US, formerly headed by Ayatollah Akbar Hashemi Rafsanjani, a former president and a founding father of the regime.
But perhaps the most comprehensive answer to Mr Kouchakzadeh was given by the reformist daily Sharq, which attacked him “as always lowly and angry." It reminded its readers that back in 2003, the US had helped Iran during the devastating earthquake in the city of Bam. The Bush administration had even suspended its sanctions on Iran for three months. Sharq also recounted an episode from those days that many have now forgotten: Hassan Rouhani, then Iran’s national security advisor, visited the field hospitals that Americans had set up in Bam, an encouraging sign of Iranian-American contact at the time when tensions were incredibly high after the Iraq War.
For its part, the government also gave a response. Speaking to the press on January 15, Ms Mohajerani said Iran had not given any help to Angelenos yet but was expressing its readiness to do so since the fires were continuing. “We all have one world and live in the same world,” she added.
No one expects Iran to send any actual aid to California, of course. But the symbolic gesture by the Pezeshkian government is unmistakable, testing the waters of eventual engagement with the US. If the stated desires of US President Donald Trump and many in the Iranian regime come true, such engagement is forthcoming. It will be subject to much louder noise and disagreements, in both Tehran and Washington.
If you go
Flights
Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.
The stay
Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.
Dubai World Cup factbox
Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)
Most wins by a jockey: Jerry Bailey(4)
Most wins by an owner: Godolphin(9)
Most wins by a horse: Godolphin’s Thunder Snow(2)
Wenger's Arsenal reign in numbers
1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.
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.”
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
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
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded
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