• Supporters of Iran's newly elected president Ebrahim Raisi gather at a rally celebrating his victory, in Imam Hossein square, in the capital Tehran. AFP
    Supporters of Iran's newly elected president Ebrahim Raisi gather at a rally celebrating his victory, in Imam Hossein square, in the capital Tehran. AFP
  • A woman wears a pin bearing the image of Iran's newly elected president Ebrahim Raisi during a rally in Imam Hossein square. AFP
    A woman wears a pin bearing the image of Iran's newly elected president Ebrahim Raisi during a rally in Imam Hossein square. AFP
  • A woman shows an image of Iranian president-elect Ebrahim Raisi on her phone. He received 17.9 million votes in a landslide victory. EPA
    A woman shows an image of Iranian president-elect Ebrahim Raisi on her phone. He received 17.9 million votes in a landslide victory. EPA
  • Women supporters of Ebrahim Raisi hold posters depicting him and national flags as they celebrate his presidential victory. More than 28 million Iranians out of 59 million eligible voters cast their ballots. AFP
    Women supporters of Ebrahim Raisi hold posters depicting him and national flags as they celebrate his presidential victory. More than 28 million Iranians out of 59 million eligible voters cast their ballots. AFP
  • An Iranian child holds a toy gun at a celebration to mark the victory of Ebrahim Raisi in the presidential elections. The vote appeared to see the lowest turnout in the Islamic Republic’s history. AP Photo
    An Iranian child holds a toy gun at a celebration to mark the victory of Ebrahim Raisi in the presidential elections. The vote appeared to see the lowest turnout in the Islamic Republic’s history. AP Photo
  • Ebrahim Raisi supporters display his portrait during a celebratory rally for his presidential election victory in Tehran. He will succeed President Hassan Rouhani, who is coming to the end of his second term in office. Reuters
    Ebrahim Raisi supporters display his portrait during a celebratory rally for his presidential election victory in Tehran. He will succeed President Hassan Rouhani, who is coming to the end of his second term in office. Reuters
  • Supporters of Ebrahim Raisi gather to celebrate his presidential election victory in Tehran. He had the support of supreme leader Ayatollah Ali Khamenei and the backing of the powerful Guardian Council. Reuters
    Supporters of Ebrahim Raisi gather to celebrate his presidential election victory in Tehran. He had the support of supreme leader Ayatollah Ali Khamenei and the backing of the powerful Guardian Council. Reuters
  • A conservative cleric and head of Iran’s judiciary, Ebrahim Raisi is expected to usher in hardline policies that will close Iran off from much of the world. Reuters
    A conservative cleric and head of Iran’s judiciary, Ebrahim Raisi is expected to usher in hardline policies that will close Iran off from much of the world. Reuters
  • Ebrahim Raisi will be the first Iranian president to have had sanctions imposed against him by the US government before entering office. Reuters
    Ebrahim Raisi will be the first Iranian president to have had sanctions imposed against him by the US government before entering office. Reuters
  • Although critical of the West, Ebrahim Raisi is keen to to revive the 2015 nuclear accord that lifted global sanctions on Tehran. AP Photo
    Although critical of the West, Ebrahim Raisi is keen to to revive the 2015 nuclear accord that lifted global sanctions on Tehran. AP Photo
  • Other pressing issues Iran's president-elect Ebrahim Raisi faces include an economic downturn that has led to spiralling inflation and job losses and tackling the region's worst outbreak of Covid-19. Reuters
    Other pressing issues Iran's president-elect Ebrahim Raisi faces include an economic downturn that has led to spiralling inflation and job losses and tackling the region's worst outbreak of Covid-19. Reuters
  • Supporters of Ebrahim Raisi celebrate his presidential election victory in Tehran. Reuters
    Supporters of Ebrahim Raisi celebrate his presidential election victory in Tehran. Reuters

To endure, Raisi's old guard need to modernise


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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.

Ebrahim Raisi became a prosecutor when he was just 20. Reuters
Ebrahim Raisi became a prosecutor when he was just 20. Reuters
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

Company%20profile
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The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
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
Price: From Dh801,800
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.

While you're here

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour