Barry Rosen, a US citizen, was held hostage in Iran more than 40 years ago. He ended his hunger strike in Vienna after five days. AP
Barry Rosen, a US citizen, was held hostage in Iran more than 40 years ago. He ended his hunger strike in Vienna after five days. AP
Barry Rosen, a US citizen, was held hostage in Iran more than 40 years ago. He ended his hunger strike in Vienna after five days. AP
Barry Rosen, a US citizen, was held hostage in Iran more than 40 years ago. He ended his hunger strike in Vienna after five days. AP

US ex-diplomat ends hunger strike as prisoners continue protest


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A US survivor of the 1979 Iran hostage crisis has ended his hunger strike in support of political prisoners held by Tehran.

Barry Rosen, 77, a former US diplomat, went on hunger strike for five days and was joined by current former inmates. They will continue their protest.

Mr Rosen had been on strike to demand the release of US, British, French, German, Austrian and Swedish prisoners in Iran.

He said that no agreement should be reached to revive the 2015 nuclear deal without their release.

He ended his protest at the request of his family after the lead US nuclear negotiator said no deal was likely to be struck with Iran without the release of the hostages.

On Monday, the US special envoy for Iran, Robert Malley, told Reuters it would be “very hard” to get back to the deal while four Americans were held.

Mr Rosen was one of more than 50 US diplomats held during the 1979-81 hostage crisis. He started his strike to mark 41 years since his release after 44 days in Washington’s embassy in Tehran.

He said at least 24 western prisoners remain in Iran and were being used as bargaining chips by the regime.

Detained British prisoner Anoosheh Ashoori, 67, who is being held in Tehran’s Evin jail, will continue to refuse food after starting a hunger strike on Sunday. He has been held for more than four years on charges of spying for Israel.

“Needless to say, we are extremely concerned for his physical health as he approaches his 68th birthday,” his wife, Sherry Izadi, said. She said her husband felt he had little option other than to start a hunger strike in “the hope of bringing global attention to the plight of these individuals held by Iran”.

Nizar Zakka, a former prisoner from Lebanon who was released in 2019, has joined the protest along with Kamran Ghaderi, who holds Austrian and Iranian citizenship. He was arrested in January 2016 while on a routine business trip.

The prosecution used a coerced confession by Mr Ghaderi to secure a 10-year prison sentence against him in the Revolutionary Court, where he was tried for “conducting espionage for enemy states”.

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  1. Mastery of audio-visual content creation. 
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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.”

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Shooting Ghosts: A U.S. Marine, a Combat Photographer, and Their Journey Back from War by Thomas J. Brennan and Finbarr O’Reilly

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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

Lexus LX700h specs

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Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

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The specs

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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Updated: January 24, 2022, 4:55 PM