Hassan Rouhani, the Iranian president, may be under pressure at home. AFP
Hassan Rouhani, the Iranian president, may be under pressure at home. AFP
Hassan Rouhani, the Iranian president, may be under pressure at home. AFP
Hassan Rouhani, the Iranian president, may be under pressure at home. AFP

Expect a threatened Iran regime to double down – even replacing its 'moderate' leadership


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The protests in Iraq, Lebanon, and Iran are proving an existential battle between Iran’s Islamic Revolutionary Guard Corps and the people of these countries.

The leadership of the IRGC, Iran's paramilitary wing, believes that the mass protests in their country can only be contained using excessive force and is certain that the world will be powerless to intervene no matter how harsh the degree of their repression. It is preparing to officially seize power in Tehran after it engineers the resignation of President Hassan Rouhani. The time has come for a new administration in Iran, according to sources close to the thinking of the so-called deep state. Such an administration would double down on the ideology of the Islamic Republic, rather than reform or adjust its logic and behaviour. For this reason, the leadership believes it has no choice but to suppress the protests in Iran and purge the ideas and influence of "moderates" among the ruling echelons.

However, in order to consolidate its clout at home and suppress any potential uprising by force, the Iranian leadership needs other tactics as a means of distraction. This could include stepping up its uranium enrichment process, staging daring military attacks in the region against international interests, and escalating the violence in other arenas of protest in the region – including Lebanon and Iraq. The IRGC's wager is on creating global panic over the further escalation of the situation in these countries – given that the world's major powers are loath to regional instability – and forcing them to make concessions to the regime. Meanwhile, the Trump administration is set to impose fresh sanctions next week, which will exacerbate the IRGC's difficulties and threaten its domestic and regional designs. Sources predict, however, that its commanders will respond with further repression as the regime hastens its uranium enrichment drive.

The time has come for a new administration in Iran, according to sources close to the thinking of the so-called deep state. Such an administration would double down on the ideology of the Islamic Republic, rather than reform or adjust its logic and behaviour

The IRGC does not see these uprisings as a revolt against the ideology and practices of the regime in Iran, both at home and in the region, but rather as threats to regional hegemony. It therefore intends to handle them as such. More importantly, the leadership believes seizing power officially after getting rid of Mr Rouhani would deter leaders in the Middle East and the world, because the IRGC would govern without gloves, at home and in the region, and will challenge the international community without flattery.

The Iranian leadership, meanwhile, is trying to understand US President Donald Trump’s situation amid attempts to impeach him, in order to decide on its next course of action. Iran would like to see Mr Trump impeached or forced to resign, or his re-election bid thwarted, allowing the deep state in Tehran to develop a US policy based on the identity of the next president. But the lack of clarity here has caused tension in the ranks of the IRGC, and could push it towards reckless territory.

In my column last month, I noted that during the Beirut Institute Summit in Abu Dhabi, a figure close to the Iranian leadership made important predictions during a closed session. This figure said at the time that the IRGC would inevitably take power overtly, unless it was given limited buyout in the form of an European-led mechanism that would allow Iran to sell at least one million barrels of oil per day. He said that this would be the only way to contain an internal eruption expected in late November, and that this would threaten the regime. He warned against the repercussions of putting the IRGC in a corner, as this could trigger a coup that would put the IRGC in control, increasing the risk of military conflict to the point of inevitability.

This figure had brought important messages from Iran’s leaders, who seem determined to uphold the regime’s logic of expansion beyond its borders because the alternative – which is retreating back into Iran – would bring existential threats to the regime. Therefore, the figure said that all sides had little choice but to accommodate this logic, or risk inviting the IRGC to take over, thereby threatening regional and international stability. In short, the message was: give the IRGC what it wants, including accepting Iranian expansion in the Arab region, or the pushback would be too costly.

All this was communicated before uprisings erupted in Lebanon and Iraq, and then subsequently in Iran as predicted by the regime there, without having the tools to contain it because of unprecedented US sanctions.

The situation in Iran at present is very delicate. The leadership, which takes its cues from supreme leader Ayatollah Ali Khamenei, has concluded that the police and security forces will be unable to rein in the demonstrations. According to sources in Tehran, there are discussions now regarding the deployment of the army and IRGC to suppress the revolt. The added that containing the Iranian uprising within the next two weeks has become impossible, and that the situation will lead to the resignation or dismissal of President Rouhani and his team.

Protesters clash on the streets of Isfahan, in central Iran, following an increase in petrol prices. EPA
Protesters clash on the streets of Isfahan, in central Iran, following an increase in petrol prices. EPA

Indeed, the uprising is expected to expand across Iran in the next few weeks while a shutdown of internet services is expected to continue. Sunday will be a crucial day for the evolution of the Iranian uprising, which is predicted to escalate beyond control. This will however be used by the IRGC to make an official takeover of power through merciless bloody repression. The IRGC will also need to stage extraterritorial operations to distract from its massacres inside Iran.

Economically, the IRGC will not be able to prevent disaster. However, its priority right now is to find a way to coexist with economic hardship during the winter and make it to the spring. Harsh measures could be imposed at home in Iran, including curfews, all according to the sources.

Meanwhile, the Trump administration is set to impose new financial sanctions on Iran next week. No doubt, this will exacerbate the IRGC’s difficulties and the threat to its domestic and regional designs. But sources predict that IRGC commanders would respond with further repression, escalation, and provocation as a means of survival.

These measures will not be restricted to the Iranian interior or the uranium enrichment drive, but will also affect Iraq, where matters have spiralled out of control, and Lebanon, where Hezbollah and its allies continue to refuse to make concessions vis-a-vis the demands of the protesters led by the need to form a technocratic government instead of a political government dominated by Tehran-backed Hezbollah.

This group and its allies continue refusing to make concessions to the Lebanese protesters’ demands, which include allowing for the formation of a government of technocrats. Saad Hariri, who resigned as prime minister and head of the unity government after the protests broke out last month, had served as a safety valve for Hezbollah. It is no wonder then that the Shia militant group and the Amal movement, a Shia party, and the Free Patriotic Movement are all insisting on the reinstatement of Mr Hariri.

This perplexing position does not benefit Mr Hariri and is not a vote of confidence in him. It is a trap, with the bait being respect for his Sunni background and national leadership. Mr Hariri has two options: either become an accomplice in a de-facto, one-party government that would devastate Lebanon, or end his policy of dealmaking and side with the people against such plots that harm the country and its people.

In any case, the IRGC may be preparing to carry out its plans of escalation in Lebanon. This is partly due to Hezbollah being its prize horse through which it exerts its influence in the country, but also because suppressing uprisings in Lebanon and Iraq is key to ending the demonstrations in its own country.

This is not to say that the IRGC will succeed but this is an existential battle for its survival. However, this applies to the brave and determined peoples of Iran, Iraq and Lebanon as well. The Iranian regime has certainly not understood the magnitude of the events in Lebanon. Hezbollah will not be able to suppress the revolt even if it deploys its militias to Beirut because the uprising is now entrenched from north to south and east to west. The ground is shaking beneath the feet of the ruling class, which is facing an unprecedented threat.

Meanwhile according to sources, France and the United States have agreed to not rush to the rescue of the Lebanese economy. They say that the only way forward for the country is for it to be run by a technocratic government – exactly what the protesters demand – and that only then can a rescue package be offered. There may yet be a new dawn in Lebanon, these sources add, because neither Hezbollah nor Iran can suppress an entire country – or rescue it from economic collapse.

It is an existential battle of people versus governments that link up to a shackled and beleaguered regime in Tehran.

Raghida Dergham is the founder and executive chairman of the Beirut Institute

Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Aayan%E2%80%99s%20records
%3Cp%3E%3Cstrong%3EYoungest%20UAE%20men%E2%80%99s%20cricketer%3C%2Fstrong%3E%3Cbr%3EWhen%20he%20debuted%20against%20Bangladesh%20aged%2016%20years%20and%20314%20days%2C%20he%20became%20the%20youngest%20ever%20to%20play%20for%20the%20men%E2%80%99s%20senior%20team.%20He%20broke%20the%20record%20set%20by%20his%20World%20Cup%20squad-mate%2C%20Alishan%20Sharafu%2C%20of%2017%20years%20and%2044%20days.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20wicket-taker%3C%2Fstrong%3E%3Cbr%3EAfter%20taking%20the%20wicket%20of%20Bangladesh%E2%80%99s%20Litton%20Das%20on%20debut%20in%20Dubai%2C%20Aayan%20became%20the%20youngest%20male%20cricketer%20to%20take%20a%20wicket%20against%20a%20Full%20Member%20nation%20in%20a%20T20%20international.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20in%20T20%20World%20Cup%20history%3F%3C%2Fstrong%3E%3Cbr%3EAayan%20does%20not%20turn%2017%20until%20November%2015%20%E2%80%93%20which%20is%20two%20days%20after%20the%20T20%20World%20Cup%20final%20at%20the%20MCG.%20If%20he%20does%20play%20in%20the%20competition%2C%20he%20will%20be%20its%20youngest%20ever%20player.%20Pakistan%E2%80%99s%20Mohammed%20Amir%2C%20who%20was%2017%20years%20and%2055%20days%20when%20he%20played%20in%202009%2C%20currently%20holds%20the%20record.%3C%2Fp%3E%0A
Scoreline

Liverpool 3
Mane (7'), Salah (69'), Firmino (90')

Bournemouth 0

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

MATCH INFO

Rugby World Cup (all times UAE)

Third-place play-off: New Zealand v Wales, Friday, 1pm

Final: England v South Africa, Saturday, 1pm

Three ways to get a gratitude glow

By committing to at least one of these daily, you can bring more gratitude into your life, says Ong.

  • During your morning skincare routine, name five things you are thankful for about yourself.
  • As you finish your skincare routine, look yourself in the eye and speak an affirmation, such as: “I am grateful for every part of me, including my ability to take care of my skin.”
  • In the evening, take some deep breaths, notice how your skin feels, and listen for what your skin is grateful for.

Profile of Udrive

Date started: March 2016

Founder: Hasib Khan

Based: Dubai

Employees: 40

Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ETuhoon%0D%3Cbr%3E%3Cstrong%3EYear%20started%3A%20%3C%2Fstrong%3EJune%202021%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EFares%20Ghandour%2C%20Dr%20Naif%20Almutawa%2C%20Aymane%20Sennoussi%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Ehealth%20care%0D%3Cbr%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E15%20employees%2C%20%24250%2C000%20in%20revenue%0D%3Cbr%3EI%3Cstrong%3Envestment%20stage%3A%20s%3C%2Fstrong%3Eeed%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EWamda%20Capital%2C%20Nuwa%20Capital%2C%20angel%20investors%3C%2Fp%3E%0A
Ballon d’Or shortlists

Men

Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)

Women

Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)

 

 

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 worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

Get inspired

Here are a couple of Valentine’s Day food products that may or may not go the distance (but have got the internet talking anyway).

Sourdough sentiments: Marks & Spencer in the United Kingdom has introduced a slow-baked sourdough loaf dusted with flour to spell out I (heart) you, at £2 (Dh9.5). While it’s not available in the UAE, there’s nothing to stop you taking the idea and creating your own message of love, stencilled on breakfast-inbed toast.  

Crisps playing cupid: Crisp company Tyrells has added a spicy addition to its range for Valentine’s Day. The brand describes the new honey and chilli flavour on Twitter as: “A tenderly bracing duo of the tantalising tingle of chilli with sweet and sticky honey. A helping hand to get your heart racing.” Again, not on sale here, but if you’re tempted you could certainly fashion your own flavour mix (spicy Cheetos and caramel popcorn, anyone?).