The Iranian journalist Akbar Ganji, who was once imprisoned for his reporting on a string of political murders throughout the 1990s, once observed that Ruhollah Khomeini, Iran's first supreme leader and architect of the 1979 revolution, never made any specific promises to his countrymen regarding their economic prosperity. He preferred, rather, to craft their societal expectations around matters of religion and ideology.
It is a luxury Iran's presidents, charged with a more corporeal remit, do not enjoy. Ebrahim Raisi, Iran's newly elected President, knows that he is inheriting an electorate wading through dire economic straits. The country's own national statistics centre estimates that about half of Iranians live in poverty – up from a third before the Covid-19 pandemic. Inflation has shot up, as oil revenues have plummeted. Millions of livelihoods will depend on Mr Raisi's ability to turn the situation around.
Sceptics have grounds to be pessimistic. A jurist and longtime admirer of the current supreme leader , Ali Khamenei, Mr Raisi has spent more time in Iran's austere justice system than he has pondering economic or foreign policy. In Iran, which has been crippled by years of international sanctions over its nuclear programme, the two are linked; restoring economic health will require abandoning Iran's adversarial politics and antagonistic worldview.
The international community now has access to an ally of the secretive Supreme Leader
Mr Raisi has already had sanctions imposed on him by the US for past actions incompatible with this spirit. In 1988, when the "chain murders" on which Ganji reported began, Mr Raisi was a state prosecutor who helped to fast-track the execution of thousands of other regime opponents. Despite growing calls from young Iranians for an inquiry, he remains unrepentant. He has since been instrumental in other crackdowns on dissent.
This is not a background that will help Iran's case in ongoing multilateral negotiations to revive a nuclear deal and lift the burden of sanctions. Such a deal was a cornerstone policy of the previous administration, but a favourite whipping post of hardliners, including Mr Raisi.
Today, its original moderate backers are largely irrelevant. A key architect of the deal, Foreign Minister Javad Zarif, admitted as much in audio recordings leaked in May, in which he complained that Iran's Islamic Revolutionary Guard Corps controls the country's foreign policy. But with moderates now out of office, Mr Raisi will no longer be able to pin all blame for the country's economic failures on his predecessors.
But this may afford him a peculiar opportunity to put his own stamp on an agreement that his allies once despised, if he so chooses. A determined effort to end western sanctions through a new deal could prove popular among cash-strapped citizens and back up Mr Raisi's claim that he will govern for all Iranians. With conservatives now in total control of the government, the international community also has a rare chance to engage figures close to the notoriously isolated and distrusting office of the supreme leader.
The ideology of popular resistance, espoused by the establishment since 1979's revolution, is no longer stacking up for many Iranians outside the political system. Mr Raisi will be aware that his victory came on the back of the lowest electoral turnout since the revolution. He may prefer to fall back on the hollow rhetoric of resistance politics. He should avoid giving in to temptation, however, not just for the interests of ordinary Iranians, but also for his political endurance.
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
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The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 258hp from 5,000-6,500rpm
Torque: 400Nm from 1,550-4,000rpm
Transmission: Eight-speed auto
Fuel consumption: 6.1L/100km
Price: from Dh362,500
On sale: now
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The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Haemoglobin disorders explained
Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.
Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.
The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.
The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.
A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.
Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
Company%20Profile
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour