A curfew went into effect in Baghdad yesterday to counter the spread of coronavirus as muscle flexing by local militias and lack of central control over ties with Iran undermined Iraq’s response to the pandemic.
Residents of Baghdad said observance of the one-week curfew was mixed, partly due to preparations going ahead for a religious commemoration scheduled for today.
Photos and footage on social media showed some streets empty while pilgrims marched in others wearing black clothes and carrying green flags.
A cleric in Baghdad told The National that the curfew, together with a separate one on domestic travel, did not stop thousands of Shiites from marching this week on foot to the Kadhimiya district of Baghdad.
They have been coming from outlying areas to mark the death of Musa Al Kadhim, the seventh Shiite imam. The marchers are mostly followers of Shiite cleric Moqtada Al Sadr and other militia chiefs.
"Many people are obeying the curfew but the authorities are not doing anything to disperse the misguided masses descending on Baghdad," said the cleric, who did not want to be named.
"Lack of uniform measures is astonishing, as if the virus does is not an issue," he said.
Footage on Facebook this week showed a group of young marchers shouting: “What is coronavirus? We are the soldiers of Al Kadhim.”
The commemoration will take place in an ornate shrine in the district bearing the name of Imam Al Kadhim.
The virus and religion has developed into a thinly veiled continuation of the duel between Ayatollah Ali Al Sistani, Iraq’s highest Shiite authority, and Mr Al Sadr, a populist cleric who had turned against the Iraqi uprising, which broke out in October.
Mr Al Sistani, who is a relative moderate, said that orders by the authorities to curb assembly amid the coronavirus should be respected.
Mr Al Sadr, on the other hand, said on Twitter he was astonished at those who had stopped visiting shrines in Iraq and abroad because of the coronavirus. Pressure by his followers kept Shiite shrines across the country mostly open.
Early this year Mr Sadr united with other militia leaders supported by Iran, and with the government, behind the crackdown, which together with the virus, caused the demise of the uprising.
The government has been violently suppressing the mass protest movement demanding the removal of the political class. Iraq’s High Commission for Human Rights said security forces and militia allied with the government killed more than 500 protesters in the past five months. Activists said the number is at least double that.
On Monday loyalist forces attacked Al Khilani Square in central Baghdad, a regular site of sit-ins, using live ammunition. Local media reported that at least 30 demonstrators were admitted to hospital, with some badly wounded by bullets and shot from hunting cartridges.
Many Iraqi Shiite officials have also tacitly backed a militia warfare against US troops in Iraq. The hostilities, which escalated in the past two weeks, combined with a coronavirus spread, could overwhelm the dilapidated health system and infrastructure if it develops into a larger conflict.
But any political blow from the fallout of widespread infections to the Iranian clerical establishment could affect their political and militia associates in Iraq, who they fund and support through Iranian intelligence, a European diplomat keeping tabs on the regional virus scene said.
Popular discontent is emerging over what are perceived as shoddy measures that are feared will result in a virus spike. Many Iraqis mocked the curfew on social media as a token measure and part of what they regard as the government’s politicised response to the virus.
Comments on social media pointed to the militias whose activity and training spans Syria and Iran and cited failure to control the border, although officials in Tehran had abandoned earlier denials and hinted at the possibility of a catastrophic scenario in Iran.
Iraqi political commentator Hussein Rahi said failure to act as soon as the virus broke in Iran appears to have been the cause of most of the casualties in Iraq.
“Could the ignorance of the authorities and their subjugation to Iran have reached such levels?” Mr Rahi tweeted.
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More from UAE Human Development Report:
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Women & Power: A Manifesto
Mary Beard
Profile Books and London Review of Books
MATCH INFO
Uefa Champions League quarter-final second leg:
Juventus 1 Ajax 2
Ajax advance 3-2 on aggregate
UAE currency: the story behind the money in your pockets
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.”
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"