• 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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  • Arabic

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

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.

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Stan%20Lee
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20David%20Gelb%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
THE SPECS

Engine: 3.6-litre V6

Transmission: eight-speed automatic

Power: 285bhp

Torque: 353Nm

Price: TBA

On sale: Q2, 2020

UAE%20Warriors%2045%20Results
%3Cp%3E%3Cstrong%3E%0DMain%20Event%0D%3A%20Lightweight%20Title%3C%2Fstrong%3E%0D%3Cbr%3EAmru%20Magomedov%20def%20Jakhongir%20Jumaev%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ECo-Main%20Event%0D%3A%20Bantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERany%20Saadeh%20def%20Genil%20Franciso%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20150%20lbs%3C%2Fstrong%3E%0D%3Cbr%3EWalter%20Cogliandro%20def%20Ali%20Al%20Qaisi%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EBantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERenat%20Khavalov%20def%20Hikaru%20Yoshino%20-%20Round%202%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EVictor%20Nunes%20def%20Nawras%20Abzakh%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EYamato%20Fujita%20def%20Sanzhar%20Adilov%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ELightweight%3C%2Fstrong%3E%0D%3Cbr%3EAbdullo%20Khodzhaev%20def%20Petru%20Buzdugen%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20139%20lbs%3C%2Fstrong%3E%0D%3Cbr%3ERazhabali%20Shaydullaev%20def%20Magomed%20Al-Abdullah%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3ECong%20Wang%20def%20Amena%20Hadaya%20-%20Points%20(unanimous%20decision)%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3C%2Fstrong%3E%0D%3Cbr%3EKhabib%20Nabiev%20def%20Adis%20Taalaybek%20Uulu%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ELight%20Heavyweight%3C%2Fstrong%3E%0D%3Cbr%3EBartosz%20Szewczyk%20def%20Artem%20Zemlyakov%20-%20Round%202%20(TKO)%3C%2Fp%3E%0A
Key recommendations
  • Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
  • Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
  • Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
  • More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
​​​​​​​

The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

UAE currency: the story behind the money in your pockets
US%20federal%20gun%20reform%20since%20Sandy%20Hook
%3Cp%3E-%20April%2017%2C%202013%3A%20A%20bipartisan-drafted%20bill%20to%20expand%20background%20checks%20and%20ban%20assault%20weapons%20fails%20in%20the%20Senate.%3C%2Fp%3E%0A%3Cp%3E-%20July%202015%3A%20Bill%20to%20require%20background%20checks%20for%20all%20gun%20sales%20is%20introduced%20in%20House%20of%20Representatives.%20It%20is%20not%20brought%20to%20a%20vote.%3C%2Fp%3E%0A%3Cp%3E-%20June%2012%2C%202016%3A%20Orlando%20shooting.%20Barack%20Obama%20calls%20on%20Congress%20to%20renew%20law%20prohibiting%20sale%20of%20assault-style%20weapons%20and%20high-capacity%20magazines.%3C%2Fp%3E%0A%3Cp%3E-%20October%201%2C%202017%3A%20Las%20Vegas%20shooting.%20US%20lawmakers%20call%20for%20banning%20bump-fire%20stocks%2C%20and%20some%20renew%20call%20for%20assault%20weapons%20ban.%3C%2Fp%3E%0A%3Cp%3E-%20February%2014%2C%202018%3A%20Seventeen%20pupils%20are%20killed%20and%2017%20are%20wounded%20during%20a%20mass%20shooting%20in%20Parkland%2C%20Florida.%3C%2Fp%3E%0A%3Cp%3E-%20December%2018%2C%202018%3A%20Donald%20Trump%20announces%20a%20ban%20on%20bump-fire%20stocks.%3C%2Fp%3E%0A%3Cp%3E-%20August%202019%3A%20US%20House%20passes%20law%20expanding%20background%20checks.%20It%20is%20not%20brought%20to%20a%20vote%20in%20the%20Senate.%3C%2Fp%3E%0A%3Cp%3E-%20April%2011%2C%202022%3A%20Joe%20Biden%20announces%20measures%20to%20crack%20down%20on%20hard-to-trace%20'ghost%20guns'.%3C%2Fp%3E%0A%3Cp%3E-%20May%2024%2C%202022%3A%20Nineteen%20children%20and%20two%20teachers%20are%20killed%20at%20an%20elementary%20school%20in%20Uvalde%2C%20Texas.%3C%2Fp%3E%0A%3Cp%3E-%20June%2025%2C%202022%3A%20Joe%20Biden%20signs%20into%20law%20the%20first%20federal%20gun-control%20bill%20in%20decades.%3C%2Fp%3E%0A
GRAN%20TURISMO
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Neill%20Blomkamp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20David%20Harbour%2C%20Orlando%20Bloom%2C%20Archie%20Madekwe%2C%20Darren%20Barnet%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.