People stop their cars on a road in Tehran, Iran, on November 16, 2019 in protest against fuel price rises . Wana
People stop their cars on a road in Tehran, Iran, on November 16, 2019 in protest against fuel price rises . Wana
People stop their cars on a road in Tehran, Iran, on November 16, 2019 in protest against fuel price rises . Wana
People stop their cars on a road in Tehran, Iran, on November 16, 2019 in protest against fuel price rises . Wana

Family members of man killed during Iran protests arrested


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Iranian authorities have arrested relatives of a young man who was shot dead during demonstrations last month, the semi-official Mehr news agency reported on Tuesday.

The Mehr report did not specify which of Pouya Bakhtiari’s family members had been arrested but Hadi Ghaemi, executive director of New York-based advocacy group the Centre for Human Rights in Iran said they included his parents, citing information from activists who had visited the family on Monday.

The Ministry of Intelligence and the judiciary in Karaj, a city west of Tehran, had each summoned Bakhtiari’s father, Manouchehr, twice for questioning in the past week, a report posted on CHRI’s website on Tuesday said.

They asked him to call off a commemoration ceremony in the town of Karaj on December 26 – the 40th day after his son's death, as often observed by Shiite Muslims – citing concerns it could create unrest.

Manouchehr, who in an Instagram post last week had invited local and foreign media to attend the commemoration ceremony, refused to cancel it, he told CHRI.

In a Twitter post, US Secretary of State Mike Pompeo said: “The US strongly denounces the arrest of Pouya Bakhtiari’s parents, and calls for their immediate release.

“It’s time for the international community to stand together with the Iranian people and hold the regime accountable,” he said.

CHRI said Bakhtiari, who was 27, “died of a bullet wound to the head” in Karaj on November 16.

Mehr noted that Bakhtiari had been “killed in a suspicious way” during the unrest.

Its report cited an informed source as saying the arrests were “to maintain order and security of the honourable people who have faced damages, and with the intent of preventing ... the repeat of armed action against the people”.

Security forces have been on high alert for any events that could spark further unrest after protests against a hike in fuel prices turned political last month, sparking the bloodiest crackdown in the 40-year history of the regime.

About 1,500 people were killed during less than two weeks of unrest that started on November 15, three Iranian interior ministry officials told Reuters, found a report published on Monday.

That figure is much higher than estimated by international human rights groups and was dismissed as “fake news” by a spokesman for Iran’s Supreme National Security Council, reported the semi-official news agency Tasnim.

Some family members of people killed for political or other reasons unrelated to the protests last month have also said December 26 should be a day of commemoration, CHRI said.

Ahead of the exected rallies, Internet observatory NetBlocks reported that there was mobile internet distribution in several areas of Iran.

The semi-official Iranian news agency ILNA quoted a source at the Communications and Information Technology Ministry saying that the internet shutdowns were ordered by “security authorities” and would affect the Alborz, Kurdestan and Zanjan provinces in central and western Iran and Fars in the south.

Videos that have surfaced since purport to show scenes from the crackdown that followed, including footage of security forces firing at unarmed demonstrators or beating them with batons.

The United States, France and Germany have all condemned Iran over the bloodshed.

Iran has repeatedly denied casualty figures issued abroad.

In a report on December 2, state television charged that foreign media had been "hyping up" the death toll.

It also said that security forces "had no choice but to resort to authoritative and tough confrontation in order to save people from the hands of the rioters, and a number of rioters were killed".

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Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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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.”

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10pm: Handicap Dh190,000 1,400m - Winner: Rodaini, Connor Beasley, Ahmed bin Harmash

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

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What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae

JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
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The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at. 
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.   

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West Asia Premiership: Bahrain

What’s left

UAE Conference

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Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers

March 29, final

UAE Premiership

March 22, play-offs: 
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March 29, final

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