An Iranian woman has been arrested and bail set at more than $100,000 after she protested against the mandatory headscarf, a lawyer said on Tuesday.
Narges Hosseini, whose age was not known, was jailed after posing in central Tehran on Monday without a headscarf, lawyer Nasrin Sotoudeh said.
At least three other women did the same around the city on Monday, according to images shared on social media, mirroring a protest by a woman on December 27 whose images went viral across the globe.
Several more images of women protesting in Tehran were shared on social media on Tuesday, although their authenticity could not be immediately verified.
Ms Sotoudeh, a renowned human rights lawyer, said she had been contacted by Ms Hosseini's family.
"They said it was her wish that if she was arrested, I be asked to be her lawyer," she said.
Ms Sotoudeh added that Ms Hosseini had been sent to Gharchak prison outside Tehran, with bail set at 5 billion rials (Dh497,072).
"Given that the judge knows the financial situation of this family, issuing such a heavy bail shows they intended to keep this person in detention," said Ms Sotoudeh.
The charges are not yet known, she added.
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Read more:
Women forced to run separately in Tehran’s ‘first international marathon’
Editorial: Repression has always been the Iranian elite's answer to demands for reform
Opinion: Iran's protests stem from working-class grievance over price hikes and a lack of sanctions relief
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The woman arrested for the protest on December 27 — named as Vida Movahedi — was released after nearly a month in detention, Ms Sotoudeh said on Monday.
She had stood on a pillar box at one of Tehran's busiest thoroughfares without the headscarf or long coat required under Iranian law.
Images posted on social media showed her waving a white scarf on a stick — an apparent reference to so-called "White Wednesday" protests against mandatory clothing rules for women.
The images emerged just before mass protests swept the country on December 28. Although seemingly unconnected, interest in the unrest helped the images spread rapidly.
Ms Sotoudeh, who won the European parliament's prestigious Sakharov Prize for human rights in 2012, has been arrested and barred from working on several occasions over the years.
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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COMPANY PROFILE
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The flights
Emirates have direct flights from Dubai to Glasgow from Dh3,115. Alternatively, if you want to see a bit of Edinburgh first, then you can fly there direct with Etihad from Abu Dhabi.
The hotel
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Located in the heart of Mackintosh's Glasgow, the Dakota Deluxe is perhaps the most refined hotel anywhere in the city. Doubles from Dh850
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Events and tours
There are various Mackintosh specific events throughout 2018 – for more details and to see a map of his surviving designs see glasgowmackintosh.com
For walking tours focussing on the Glasgow Style, see the website of the Glasgow School of Art.
More information
For ideas on planning a trip to Scotland, visit www.visitscotland.com
The specs
Engine 60kwh FWD
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Price, base / as tested Dh174,500
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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.”
The specs: 2017 Ford F-150 Raptor
Price, base / as tested Dh220,000 / Dh320,000
Engine 3.5L V6
Transmission 10-speed automatic
Power 421hp @ 6,000rpm
Torque 678Nm @ 3,750rpm
Fuel economy, combined 14.1L / 100km
